Process Optimisation and Property Management

Automation generates time and cost advantages

In the property management business, it is particularly important to use efficient solutions and processes to free up time to work on the properties and with clients. The payment and electronic products of Aareal Bank provide precisely that: it has specialised its products for firms in asset and property management.

Aareal Bank Group has been harnessing the potential offered by digitalisation for quite some time, with the aim of relieving its customers of resource-intensive standard tasks by using automated electronic processes. This frees up capacity to deal with the properties and tenants or for strategic planning.  

An example of what Aareal Bank offers is the BK01* payment transaction procedure. It owes its position as market leader to two unique selling points:

• a virtual account number, which constitutes an extremely versatile and unambiguous reference ID for payment items, and
• an exclusive cooperative venture between Aareal Bank and First Financial Software GmbH on the basis of which BK01* is integrated in leading property industry ERP systems (Wodis Sigma and SAP RE).

Both aspects taken together ensure comprehensive automated process chains in all areas of property industry management: for incoming payments such as rental payments and tenancy bonds. This is also the case with the many and varied accounts payable: tradesmen, utilities, public authorities et cetera. Automated processes relieve the time spent and the personnel requirements significantly.

Find out more about the BK01 solutions at http://www.first-financial.biz/

^{*The described BK01 solutions are products by First Financial Software GmbH, a joint venture of Aareal Bank and Aareon. Aareal Bank AG is an exclusive BK01 account system partner. Prerequisite for the use of BK01 is an account with Aareal Bank AG.}