Key takeaways
SmartProperty's integration with CINC Systems lets management companies that run their client communities on CINC sync property data with SmartProperty in real time and give HOA and COA boards the SmartProperty Report, which compares reserve spending with accounting actuals. CINC CEO Ryan Davis framed it as a response to new state reserve requirements after Surfside.
- Management companies using CINC Systems can connect to SmartProperty to see their associations' true financial position by pairing reserve plans with accounting actuals.
- The SmartProperty Report shows HOA and COA boards reserves versus accounting actuals, with data synchronized in real time between CINC and SmartProperty.
- CINC CEO Ryan Davis said states across the country are imposing new reserve requirements in response to the Surfside, Florida tragedy.
- CINC Chief Product Officer Chris Millner said boards can make every decision confident the information provided to them is accurate and up to date.
Written for: Management company executives, Community association managers, HOA & condo board members
SmartProperty Integration with CINC Systems Goes Live!
Management Companies who use CINC Systems to manage their client communities can now take advantage of an integration with SmartProperty to gain new insights into their community associations’ true financial position.
In a press release on Tuesday, Ryan Davis, Chief Executive Officer of CINC Systems said, “This integration is what the industry needs now. States across the country are responding to the tragedy in Surfside, Florida, and imposing new reserve requirements. We’re excited to work with SmartProperty to improve the industry by integrating reserve spending with accounting actuals.”
With the integration to CINC, SmartProperty customers will receive access to a new critical tool for boards and community members, the SmartProperty Report. According to Chris Millner, Chief Product Officer at CINC Systems, “This report transforms the way HOA and COA boards receive communication from their management companies. The data is synchronized in real time between property information in CINC and SmartProperty. This means every decision that a board makes can be made with the confidence that the information provided to them is accurate and up-to-date.”
The SmartProperty Report Gives Managers and Boards Better Insight into Their Reserves vs Accounting Actuals
“I am incredibly proud of our integration with SmartProperty,” CINC Systems CEO Ryan Davis said. “SmartProperty has reinvented what a reserves study can do to make a positive impact within a community. It’s a transformational innovation that enables board members to make the best decisions for their homeowners and properties. These kinds of software partnerships are critical and in some cases life-saving in community association management, and I’m excited that we are able to provide this to our homeowners.”
