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CAM Reconciliation

A smart bot, such as the one offered by Thoughtful, can provide several advantages for reconciling each tenant's CAM charges. One benefit is that it can automate the process of calculating and distributing CAM charges to tenants, reducing the workload for property managers. Additionally, the bot can also allow tenants to easily view and pay their CAM charges through an online portal, saving time for both the tenant and the property manager. The bot can also provide a record of all CAM charges and payments, making it easy for the property manager to keep track of who has and has not paid their CAM charges. Overall, a smart bot can streamline the process of CAM charge reconciliation and make it more efficient for both tenants and property managers. Additionally, it can also provide a more accurate and transparent billing process as it can track the usage of common area and assign charges accordingly.

Function:

Property Management

Steps

  1. Pull CAM charges report for the prior year.
  2. For each Tenant, pro-rate percentage chargeable and multiply by total CAM.
  3. Get total Tenant estimated charges already paid.
  4. Prepare CAM Reconciliation Report.
  5. If Tenant owes additional CAM, prepare invoice.
  6. If Tenant is owed a refund, prepare refund check.

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Our services are not limited to these applications. This bot is available for any cloud based application.

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