Automated Receivables
Contribution invoices are dispatched automatically, incoming payments are reconciled in real time, and outstanding balances are tracked continuously. The full receivables cycle runs itself — from invoice generation through to payment confirmation and accounting entry.
Key Capabilities
- Invoices automatically dispatched to residents on generation
- Real-time reconciliation of all incoming payments
- Outstanding receivables tracked and updated continuously
- Payments automatically matched to corresponding invoices
- Overdue alerts sent to administrators automatically
- Residents receive instant payment confirmation
- Full receivables history per condominium and per resident
How Automated Receivables Works
A closer look at what's under the hood.
Streamline Condominium Finances with Automated Receivables
Dominium revolutionises condominium financial management with an advanced automated receivables feature, offering a comprehensive solution for handling invoicing and payment processes. When invoices are configured through the system, they are seamlessly integrated into the accounting platform, ensuring a high level of accuracy and operational efficiency across the entire receivables workflow.
Effortless Invoicing and Payment Tracking
Once created, invoices are automatically dispatched to clients, eliminating delays and facilitating prompt payment processing. This automation reduces manual work and errors, allowing administrators to manage finances effortlessly while ensuring timely payments and contributing to a smoother, more transparent financial operation. Administrators always have a clear, up-to-date view of what has been invoiced and what remains outstanding.
Automated Reconciliation
The system automatically reconciles payments in real time within the accounting system, streamlining the entire reconciliation process. This eliminates manual reconciliation efforts, reduces the potential for errors, and significantly saves time. As each payment arrives, it is matched to the corresponding invoice, the balance is updated, and the resident receives instant confirmation — all without any manual action.
Real-Time Receivables Visibility
Dominium provides a live dashboard of receivables activity across all condominiums in the portfolio. Administrators see collection rates update in real time as payments arrive, and can identify outstanding balances without running manual reports. Automated overdue reminders are sent to residents at configurable intervals, improving collection rates without requiring manual follow-up from the management team.
Ready to see Automated Receivables in action?
Book a free demo and we'll walk you through everything Dominium can do for your portfolio.