Overview of Flanks

Many financial management chores for your consumers are included in managing a homeowner's association (HOA). It's all part of the job, from paying invoices to balancing the finances. The process of combining each of your clients' financial accounts to one place is referred to as online banking integration (also known as bank reconciliation) in HOA accounting. For example, let's imagine your client has a reserve fund managed by one bank or credit union and general operating money collected by another financial institution. Using banking integration, you may add each account to your association management software's dashboard. To view all of your client's accounts, you need to log in to one location.

Real-time reporting is involved capturing real-time data and communicating it to users as it happens. Managers may make quick judgments using the most up-to-date information because they are provided in its most current form. Since its introduction, real-time reporting software and applications have been extremely popular and desired. Rather than waiting for data reports, most small and large enterprises prefer to receive them as they arrive in real-time. Customer service and accounting departments have greatly improved because of the immediate communication offered by real-time data reporting.

API integration is a feature that allows different software systems, platforms, or applications to seamlessly communicate with each other. It enables the exchange of data, functionality, and services between them, providing a more comprehensive and efficient solution for users. API, or Application Programming Interface, acts as a bridge between two or more software systems, essentially enabling them to "talk" to each other. This integration makes it possible for businesses to connect and synchronize various applications, automating tasks and workflows and streamlining processes.

Portfolio management is means managing an individual's assets in order to optimize earnings over a specific period of time. Project portfolio management (PPM) is used by project managers and project management organisations (PMOs) to assess the possibility for a project's success. Organizations and managers can see the full picture using project portfolio management.

A customer portal is a website that allows current customers to access services and information. It's usually safe and confidential, and it requires authentication. Account information, payment details, case data, account history, downloadable digital files, access to support mechanisms, and the ability for customers to post information may all be found there. A customer portal is a digital information hub and exchange mechanism between a corporation or organization and its customers. Customer portals are critical to customer service since today's customers anticipate some self-service capabilities. They are becoming more tech-savvy and capable of doing independent information searches. In general, they have high expectations for customer service.

Bank Feed Sync is a powerful software feature that allows users to automatically synchronize their bank accounts and financial transactions with their accounting software. This feature eliminates the need for manual data entry, saving users time and reducing the risk of human error. Bank Feed Sync works by connecting the user's accounting software directly to their bank account, securely retrieving and importing financial data. This includes bank statements, credit card transactions, and more. This feature is supported by a wide range of banks and financial institutions, making it accessible