Property management companies demand close control of expenditure for services such as cleaning, maintenance, security, landscaping, and all activities required to keep a property in top condition. They also require careful management of a wide range of suppliers, as well as proper, and prompt, payment of utility and tax bills, and other invoices. Both the owners and the tenants who are in receipt of and pay for the services expect clear, accurate and timely accounting for all operating expenses.
With Fraxion, our Property Management customers have been able to:
In addition to the challenges faced by construction businesses over control of their indirect expenditures, the process of recovering project related costs from their clients is often highly manual, often inaccurate and always laborious.
Fraxion’s unique analytical and reporting tools enable our Construction customers to fully recover and bill project related expenses against specific clients or projects, from pre-approved expenditures such as project related purchases or travel, to invoice generated payments as well as approved expenses submitted through Fraxion’s expense claim module.