Story Behind

Know the amazing story behind the product

A real estate company based in New York faced significant challenges in invoice management, accounts payable and receivable support for their vendors working on construction sites. Each vendor had a different Scope of Work (SOW) and areas of responsibility. Change Requests (CRs) for additional work apart from the SOW also needed to be managed. All this information required careful handling and maintenance in tracking sheets and QuickBooks. Given the high volume of invoices and necessary validations, the operation was complex and large-scale. The real estate firm approached Exaltare to manage its accounting processes and bookkeeping services.

The Solution

Our elevating solution for the problem

Exaltare Technologies took over the accounting and bookkeeping tasks for the real estate firm. The team worked during US hours and stayed available through set communication channels. They quickly learned and handled the process. This helped the client hand off all accounting tasks to Exaltare, who managed them smoothly and efficiently.

Results

Streamlined Accounting Processes

Exaltare effectively streamlined the accounting processes, enhancing accuracy by 30% and reducing complexity in managing invoices, account receivables, and account payables

Cost Saving

The efficient handling of the accounting processes and meticulous data management led to a significant reduction in overall accounting costs for the real estate firm.

Reduction in Processing Time

By efficiently managing changes in SOW & Change Requests (CRs), Exaltare reduced processing time by 40%, ensuring timely coordination & communication with vendors, and leading to smoother operations on the construction sites

Conclusion

Exaltare Technologies successfully addressed the complex accounting challenges faced by the real estate firm. By streamlining the bookkeeping processes and ensuring accurate and efficient management of invoices, account receivables, and account payables, Exaltare significantly improved the operational efficiency of the client by providing Business Process Services for Accounting. The positive client feedback and the independent handling of the process by Exaltare highlight the success of this collaboration in enhancing the real estate firm's accounting operations.

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