How Baron Management increased profits by >5%
"Before IronLedger, we had 30-40 transactions per month that we were missing or couldn't allocate to the right properties. Now, that's all done for us. It's been amazing." — Kate Basham, Director of Operations
The Results
Since rolling out IronLedger, the results have been fantastic:
- Capture >5% more profit per month from otherwise missed billbacks
- Save 60+ hours per month tracking, coding and billing back receipts
- 96% of entries handled without any involvement
- Uncovered fraudulent spend by a maintenance tech
- Seamless integration with TenantCloud
- A happier corporate and property management team!
The Challenge
Tracking, coding and billing back card receipts to properties is a burden for property managers, accountants and maintenance techs.
Baron Management has team members making hundreds of purchases every month split across 100+ properties. Each expense needs to be entered and then billed back to the property.
Not only is entering, splitting and billing back every expense time consuming, it's a constant distraction for every property manager or tech trying to make sure properties are in great shape.
Expenses also fall through the cracks and never get billed back to properties, leading to profit leakage. All of this takes time away from filling apartments, making repairs and keeping tenants happy.
The Solution
Baron Management partnered with IronLedger to help. IronLedger rolled out their solution in less than 2 weeks and started handling all transactions immediately.
The solution included:
AI can't fix your toilets.
But it can save you hundreds of hours on expenses.
Learn why 40K+ multifamily units use IronLedger.
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