7 Ways the Right Spend Management Software Empowers Your Staff [eBook]

For properties to stay relevant and competitive, it is a must to strengthen staff purchasing power. Upgrading and training exceptional talent helps to ensure success both now and in the future. Empowering your staff with comprehensive spend management software will fully equip them with the skills and tools necessary to wage battle every day. Here are 7 ways a comprehensive spend management system fully equips staff: 1. Expert advisers and strategic planning: An efficient plan for conquering costs can defeat the necessary evils of operating expenses. A viable spend management plan serves both the residents and the property owner, providing residents with the best living experience while supporting a profitable business. 2. Comprehensive vendor management: Vendors are often viewed as the villains of the purchasing process. If only there was a way to pick out the good ones that you can trust. Fortunately, there is. RealPage’s web-based system oversees the credentialing process, from owner background screenings to W-9 verification. A web-based system also expedites the payment process and provides instant status updates—all while adding a layer of service between parties to minimize risk and achieve mutual success. 3. Standardized purchasing, invoice processing and pricing: Protect your bottom line from attack with standardized purchasing, invoice processing and pricing. Standardize your purchasing process and pricing regimen, automate invoice processing and defend against budget variances by implementing budget controls and automated invoicing. You will save the day with improved invoice cycle times, paper to digital service, connection to the largest vendor network possible, and real-time visibility for order and invoice management. 4. Inventory management: Take control of surplus supplies, outdated materials and surprise inspection with an inventory management system. You and your staff can streamline processes and take control over inventory misma...