Simplify the financial management of your condominiums.

Condo fee collection, vendor payments, and financial tracking for condo associations: Otonom centralizes your condominiums’ financial operations in a single platform. Compatible with your banks and integrated with your property management software.
Schedule a demo

Condo financial management is often complex

Condo managers must administer multiple associations, each with its own bank accounts and financial obligations.

Too much time wasted between interfaces, files, and software

  • condo fee collection
  • tracking received payments and late payments
  • multiple separate bank accounts per association
  • vendor payments related to building maintenance and operations
  • financial transparency obligations toward co-owners

Each month, a condominium’s financial management follows the same cycle

  • Co-owners pay their condo fees
  • Payments are processed and deposited into the associations’ accounts
  • Late or rejected payments must be tracked
  • Vendors must be paid (maintenance, repairs, services)
  • Financial operations must be tracked by association
Otonom centralizes these steps in a single environment and provides a clear view of each condominium’s finances.

Simplified condo fee collection

Condo fee collection often involves multiple payment methods and ongoing tracking of received and late payments. Otonom helps structure this collection and provides clear visibility into payments for each association.

Pre-authorized debits

For condo fee collection

Cheque payments

Processing scanned cheques

Electronic payments

Electronic payment management and tracking of rejected payments

Reports

Detailed reports by association

Simplify payments related to condominium operations.

Otonom lets you issue and track these payments in a single environment while keeping everything organized by association.
  • Centralized electronic payments
  • Payment organization by association
  • Payment scheduling
  • Detailed transaction tracking

A clear financial view for each association

Condo managers often administer multiple associations, each with its own accounts and financial obligations.

Otonom centralizes this information and provides a structured view of each condominium’s finances.

  • Financial tracking by association
  • Centralized bank accounts
  • Consolidated view of your condominium portfolio
  • Quick access to transactions

Better financial transparency for condominiums.

Condominium management requires a high level of transparency toward co-owners and boards of directors.

Otonom makes it easier to organize and trace financial operations.

  • Better transaction traceability
  • Visibility into payments and expenses
  • Clear organization of finances by association

Otonom centralizes these steps in a single environment and provides a clear view of each condominium’s finances.

What our clients say

“Before Otonom, approving invoices, printing, and mailing cheques took 3 to 4 weeks. Today, urgent payments can be made and received in just a few days.”
Brittany Bosman
Accounting Manager, Eastern Ontario Property Management Group
“We save a lot of time every month on payment processing. This allows our accounting teams to focus on more urgent files.”
Michael Wilk
President, Wilkar Property Management
“Setting up a new account with Otonom is quick and simple. After the contract is signed electronically, the account is created within a few hours and we’re ready to operate.”
Dean Burgoon
President, Eastern Ontario Property Management Group

Find out how to simplify the financial management of your condominiums

See how Otonom can structure condo fee collection and vendor payments for your associations.
Schedule a demo