Accurate financial reports and annual budgets are not value-added services. These are base-level requirements for every management company to protect and nurture your assets.
FirstService knows how to protect your bottom line. We enforce a rigorous mix of internal controls and safeguards to prevent fraud, minimize errors, and authenticate the accuracy of our accounting data.
We are also a fully digital organization with agile financial tools that help accelerate the creation of your budget, improve accurate budget predictions, and illuminate variances based on historical expenses.
A snapshot of the technology we use to enhance client accounting:
FirstService knows how to protect your bottom line. We enforce a rigorous mix of internal controls and safeguards to prevent fraud, minimize errors, and authenticate the accuracy of our accounting data.
We focus on transparency and simple processes to build your budget.
We assign a dedicated financial analyst to each property or portfolio. This associate works closely with your property manager to understand the board’s fiscal profile, immediate needs, and long-term goals. Our workflow reduces roundabout communications that bog down the annual budget process.We are also a fully digital organization with agile financial tools that help accelerate the creation of your budget, improve accurate budget predictions, and illuminate variances based on historical expenses.
A snapshot of the technology we use to enhance client accounting:
- AvidXchange – Payment processing platform
- ADP E-time – Building staff payroll processing
- ADP Workforce – Electronic time and attendance tracking for building staff
- ClickPay – Lockbox provider
In-house Yardi experts
FirstService utilizes Yardi Voyager to create in-depth financial reports that are customized to your requirements. Along with our integrated accounting systems, we are supported by dedicated, in-house Yardi software architects for rapid troubleshooting or custom implementation. Our in-house specialists help streamline internal processes, manage data conversions and acquisitions, integrate third-party vendor software, and facilitate creative technology solutions.FirstService Financial | Our banking and lending affiliate
FirstService Financial can negotiate exclusive, preferred interest rates for our clients by leveraging its long-established relationships with banking partners and the size of our management portfolio which reflects $6 billion in client deposits and $500 million in annual loan origination to partner banks.- FirstService Financial has closed over $500 million in loan volume across our portfolio.
- Negotiated interest rates average 50 basis points lower than what our clients could obtain on their own.
- Clients saved more than $1.5 million in annual interest expense.
Our track record of enhancing building operations, improving tenant retention, and significantly reducing costs is why owners trust FirstService Residential. Contact our multifamily team today.
Enhancing your assets, one process at a time.
We’ve simplified operations and improved ROI for hundreds of building owners. There’s no secret. It’s our unrivaled investment in talent and tech that simplifies property management.