Simplifying Financial Management with Virtual Bank Accounts in Condominium Software
At DOMINIUM, we’re always striving to enhance our condominium software with the most advanced tools to streamline management processes. In partnership with Fyorin, we’ve integrated the Virtual Bank Accounts feature into our platform—an innovative solution that automates and simplifies financial operations for condominium administrators.
What Are Virtual Bank Accounts?
As part of our collaboration with Fyorin, DOMINIUM’s condominium software now offers automatic creation of Virtual Bank Accounts for each new block. A unique IBAN is generated for every condominium, making financial management more transparent, efficient, and organised for both administrators and residents.
Key Benefits of Virtual Bank Accounts in DOMINIUM’s Condominium Software
- Instant Bank Account Creation
With just a few clicks, a unique bank account is generated instantly for each condominium, allowing you to start managing finances immediately without delay.
- Effortless Setup
The process of setting up a new bank account is streamlined and simple—no paperwork, no waiting, just a few easy steps within the software.
- Enhanced Payment Accuracy
The integration with Fyorin ensures that invoices generated through our condominium software include the condominium’s specific IBAN. This allows residents to make payments directly to the correct account, reducing payment errors and simplifying reconciliation.
- Automated Payables Management
Fyorin’s payables feature automatically integrates incurred expenses into DOMINIUM’s accounting system, ensuring that all payables are recorded and payments are expedited without any manual entry. With improved accuracy and efficiency, the time spent on payables within the condominium software can be significantly reduced.
- Streamlined Receivables and Reconciliation
With Fyorin’s seamless integration, invoices are generated, sent, and reconciled in real-time through DOMINIUM’s condominium software. This reduces manual work, minimises errors, and keeps financial records up-to-date, providing greater transparency and control.
- A Partnership Designed for Efficiency and Transparency
By incorporating Fyorin’s Virtual Bank Accounts into our condominium software, DOMINIUM users benefit from cutting-edge financial automation. This partnership ensures that financial processes, including payments and reporting, are streamlined and simplified for easy and effective management.
Conclusion
The partnership between DOMINIUM and Fyorin brings powerful financial automation to our condominium software. With features like automated Virtual Bank Accounts, accurate payment handling, and real-time reconciliation, managing condominium finances is now easier than ever. Contact us today to learn how this integration can transform your condominium’s financial management.