What is Loci Solutions?

Loci Solutions is an innovative property accounting service designed to optimize the output of property management teams. Acquired by MRI Software, Loci Solutions offers tailored outsourced property accounting services, including lease administration, tenant invoicing, and payment processing. With over 40 years of collective experience in property management, Loci Solutions aims to alleviate the administrative burdens associated with lease accounting, allowing property teams to focus on strategic growth and management.

Features

Loci Solutions provides a comprehensive suite of features that streamline property accounting processes. Here are some of the key features:

1. Lease Administration

• Collaborate with lease experts to effectively manage lease agreements.
• Leverage advanced software to save time and enhance productivity.
• Ensure compliance with lease terms and conditions.

2. Receipting

• Efficiently manage and record all incoming payments.
• Maintain precise financial records to support accurate reporting.
• Automate receipting processes to minimize manual errors.

3. CM Tenant Invoicing

• Streamline tenant billing processes for timely and accurate invoicing.
• Reduce the time spent on manual invoicing tasks.
• Enhance tenant satisfaction with prompt billing practices.

4. Payment Runs

• Execute timely and flawless payment processes.
• Automate payment runs to ensure consistency and reliability.
• Reduce the risk of late payments to vendors and service providers.

5. Daily Receipting

• Handle daily transactions and receipts efficiently.
• Ensure accurate financial records through systematic processes.
• Support end-of-month reporting with reliable daily data.

6. Bank Reconciliations

• Streamline bank reconciliation processes to maintain accurate cash flow.
• Identify discrepancies and resolve issues promptly.
• Ensure financial accuracy and integrity.

7. AP Expense Processing

• Manage accounts payable with precision.
• Automate expense processing to improve efficiency.
• Maintain clear visibility into financial obligations.

8. Management Fees

• Calculate and manage management fees seamlessly.
• Ensure compliance with contractual agreements.
• Provide transparent reporting on management fee structures.

9. EOM Reporting

• Generate end-of-month reports that provide insights into financial performance.
• Facilitate strategic decision-making through comprehensive data analysis.
• Support ongoing financial planning and forecasting.

10. Cutting-Edge Technology

• Access state-of-the-art technology without the hassle of maintenance costs.
• Benefit from ongoing updates and improvements in software capabilities.
• Enhance operational efficiency through innovative tools.

Use Cases

Loci Solutions is suitable for various scenarios within the property management sector. Here are some specific use cases:

1. Commercial Real Estate Management

• Ideal for commercial real estate organizations looking to streamline their accounting processes.
• Enables property managers to focus on tenant relations and property growth rather than administrative tasks.

2. Outsourcing Property Accounting

• Perfect for companies seeking to outsource their property accounting functions to reduce overhead costs.
• Provides access to a team of experts without the need for in-house hiring.

3. Startups and Small Businesses

• Beneficial for startups and small property management companies that may not have the resources for a full accounting department.
• Offers a cost-effective solution to manage financial operations efficiently.

4. Large Property Portfolios

• Supports organizations managing large portfolios by providing scalable solutions that adapt to evolving needs.
• Enhances operational efficiency through streamlined processes.

5. Financial Reporting and Analytics

• Assists companies that require enhanced reporting and analytics capabilities to make informed decisions.
• Provides detailed insights into financial performance, helping businesses stay ahead of the competition.

Pricing

Loci Solutions operates on a subscription-based model, providing a predictable and cost-effective alternative to traditional in-house setups. This pricing structure allows organizations to access high-quality property accounting services without the burden of fixed staffing costs. While specific pricing details may vary based on the services selected and the size of the organization, the subscription model ensures that clients only pay for what they need, making it easier to scale services as business requirements evolve.

Comparison with Other Tools

When evaluating Loci Solutions against other property accounting tools, several unique selling points emerge:

1. Expertise on Demand

• Loci Solutions provides access to a team of industry experts with over 40 years of experience, ensuring that complex tasks are handled efficiently.
• Many other tools may not offer the same level of expertise or personalized support.

2. Flexibility to Grow

• The services offered by Loci Solutions can adapt seamlessly to the evolving needs of a business, eliminating the need for costly infrastructure upgrades.
• Other tools may require significant investment in technology or staffing to scale effectively.

3. Cost-Effective Solutions

• The subscription-based model of Loci Solutions offers a predictable and budget-friendly approach, unlike many traditional in-house setups that come with hidden costs.
• Competitors may have rigid pricing structures that do not accommodate fluctuating business needs.

4. Streamlined Processes

• Loci Solutions focuses on optimizing operations with streamlined processes, enhancing productivity and reducing waste.
• Other tools may not prioritize efficiency to the same extent, leading to slower operations.

5. Comprehensive Service Offerings

• Loci Solutions provides a full suite of property accounting services, including lease administration, tenant invoicing, and payment processing, all under one roof.
• Competitors may offer fragmented solutions that require integration with multiple systems.

FAQ

1. What types of organizations can benefit from Loci Solutions?

• Loci Solutions is designed for commercial real estate organizations, property management companies, startups, and businesses managing large property portfolios.

2. How does the subscription-based pricing work?

• The subscription model allows clients to pay for services based on their specific needs, providing a cost-effective alternative to traditional in-house accounting setups.

3. Can Loci Solutions handle complex financial tasks?

• Yes, Loci Solutions is staffed by industry experts with extensive experience in property management and accounting, making them well-equipped to handle complex financial tasks.

4. What technology does Loci Solutions use?

• Loci Solutions utilizes cutting-edge technology to streamline property accounting processes, ensuring clients have access to the latest tools without the burden of maintenance costs.

5. Is there a demo available for Loci Solutions?

• Yes, potential clients can request a demo to explore the features and capabilities of Loci Solutions, allowing them to see firsthand how it can benefit their property management operations.

6. How does Loci Solutions ensure data security?

• Loci Solutions prioritizes data security and employs robust measures to protect client information, including encryption and secure access controls.

7. What support is available for clients?

• Clients receive personalized support from a dedicated team of experts, ensuring that any questions or concerns are addressed promptly.

8. Can Loci Solutions integrate with existing software systems?

• Yes, Loci Solutions is designed to work seamlessly with various software systems, facilitating smooth integration and data transfer.

In conclusion, Loci Solutions stands out as a comprehensive and efficient property accounting service that empowers organizations to optimize their operations while reducing administrative burdens. With its expert team, flexible pricing, and cutting-edge technology, Loci Solutions is an ideal choice for property management teams looking to enhance their financial processes and drive business growth.