Process Optimisation / Housing Management
Automation generates time and cost advantages
One of the main processes that takes place between energy and housing companies is the billing and payment of energy supplies. These tasks entail a great deal of work, particularly for the housing industry side – such as when it comes to producing the annual utility charge statements at individual meter level. With the aid of synchronised accounting systems on both sides, however, these workflows can be entirely automated, thereby benefiting both sides.
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.
This is what the BK01* payment transaction procedure offers. 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 housing industry ERP systems (Blue Eagle, GES, Haufe wowinex, immotion, Karthago, Wodis Sigma, and SAP RE).
Both aspects taken together ensure comprehensive automated process chains in all areas of housing industry management: for incoming payments such as rental payments, monthly operating and property management expenses, membership dues for co-operatives or inpayments for maintenance reserves 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. Due to the complementary solutions for the energy industry, the housing sector is in a position to generate outstanding added value in cooperation with this sector in particular, by means of a fully digitalised process.
First Financial's BK01* solution family for the housing industry
- The BK01* payment transaction system of First Financial Software GmbH enables Aareal Bank's electronic banking functionalities to be controlled from within the bookkeeping system and account information to be allocated and posted automatically.
- As an integrated procedure in the BK01* modules of First Financial Software GmbH, Aareal Bank's processes concerning tenancy bonds are fully integrated in the ERP partner system and interact with other system modules.
- The BK01* solution family offered by First Financial Software GmbH is compatible with Aareal Sign, Aareal Bank's mobile electronic banking application. BK01* integrates the mobile payment transaction interface exclusively into leading ERP systems and offers to provide an extensive range of automated processes in housing and property companies and for energy suppliers.
- Integrated into SAP RE/FX, BK01* Invoice Data Processing by First Financial Software GmbH is a perfect match for Operating Cost Management in housing industry systems, our solution to automate your payment transactions for the settlement of accounts payable. Based on criteria that you define, it verifies the invoice data that is electronically transmitted to you by your creditors, imports it automatically, and makes it available for further processing in SAP RE/FX.
Find out more about the BK01 solutions at http://www.first-financial.biz/
*The described BK01 solutions are products by First Financial Software GmbH, an Aareal Bank Group company.
System partners with BK01 licences:
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You can find out how institutional landlords can master the challenges of the future with digital process management in our whitepaper "Digital Process Management" (in German), which you can request using the contact form below.
