Contingency funds: Costly mistakes in Quebec condominiums
Imagine Mrs. Dubois, the administrator of a condominium in Montreal. She's conscientious, organized and wants the best for her building. Every month, she makes sure that the contributions to the contingency fund are paid in. She's heard it's important, this contingency fund, a sort of safety cushion for unforeseen expenses. But [...]
Otonom and Plexflow join forces to revolutionize property management
We are proud to announce our partnership with Plexflow, a leader in property management software. This collaboration will transform the way property owners and managers manage their day-to-day operations, combining automation, centralization and efficiency in a seamless experience. Why this partnership is important: Property managers often have to juggle several [...]
From 500 to 4,000 doors: How Eastern Ontario Property Management experienced explosive growth with Otonom Solution
Eastern Ontario Property Management has been a trusted name in condominium management for years. As the company grew from 500 to over 4,000 doors, traditional banking methods didn't accommodate this rapid growth. They found the solution in Otonom, an integrated automated payment solution that's perfectly [...].
Have you ever wondered how to anticipate the renewal of your leases without stress?
Imagine reviewing a list of leases with renewal dates looming, with the pressure of tight deadlines and fast-changing regulations. It's not just a matter of paperwork, it's a daily challenge for any manager wishing to avoid unpleasant surprises. In this article, we'll explore [...]
How check imaging improves payment processing for condominiums 💻
Cheque processing is an essential part of condominium financial management. But the traditional method is often cumbersome and complicated. Writing and sending cheques is time-consuming, and it's easy to make mistakes or experience delays. These problems aren't just costly: they're also [...]
Good payment practices
In payments, as in many other areas, there are a number of best practices that can help you keep all your payment types under control. There are a few basic principles to follow to make sure you get off to a good start. Choose a reputable service provider, [...]
SPECIAL ISSUE ON FRAUD PREVENTION - MARCH 2024
March, designated Fraud Prevention Month, is a collective reminder that fraud is anything but trivial, and that prevention is everyone's business. Every year, Otonom Solution makes it its mission to help its customers and partners with advice on fraud prevention.
Modern payment solutions for real estate...Absolutely!
Modernized payment solutions specialized in real estate, you ask? Yes, absolutely! The traditionally conservative real estate payment industry has been turning to technology, little by little, and necessarily in 2020, first out of necessity and then for performance reasons... It's not so long ago that all payments were [...].
SPECIAL GUIDE TO FRAUD PREVENTION - March 2023
March, designated Fraud Prevention Month, is a collective reminder that fraud is anything but trivial, and that prevention is everyone's business. Every year, Otonom Solution makes it its mission to help its customers and partners with advice on fraud prevention.
Good payment practices 💫
In payments, as in many other areas, there are a number of best practices that can help you keep all your payments under control. The starting point is to choose your service provider Choose a recognized service provider who has the necessary accreditations to operate. Don't hesitate to [...]
Don't waste any more of your time collecting rents!
As a property owner or investor, you most certainly have had to deal with challenging rent collection. Bounced cheques, closed bank accounts, undelivered cash and deposit transfers to various banks are just some of the challenges you are faced with. Do you really have time to tackle this obstacle course every month? It's that time [...]
What if we didn't have to deal with Banks?
Let's say it right from the start: the title is deliberately catchy because it's not easy to imagine a world without financial institutions. So how can we cut down on time wasted by volunteer co-owners at the bank? By using automatic direct debits, of course! What is a pre-authorized payment? This type of service [...]
Monthly cheques... every property manager's nightmare
Every month, it's the same ritual. Marie-Josée Ricard, Manager of Groupe immobilier Gescard, receives cheques that are signed in red ink or unsigned. This is an incredible waste of time for someone who manages more than 500 buildings. Marie-Josée must, therefore, contact her clients again and they promise to issue a new cheque. Around the [...]
Put an end to banks!
Let's face it: the title is deliberately catchy, because it's hard to imagine a world without financial institutions, but how can volunteer co-owners limit the time they spend at the bank? Automated direct debit, of course! What is pre-authorized payment? In use in Canada for over 20 years, this type of payment [...].