MANUFACTURING INCUBATOR NOT-FOR-PROFIT CORPORATION
BUSINESS PROBLEM
A Manufacturing Incubator Not-For-Profit Corporation owns several large properties, leasing them to start-up companies at reduced rates to promote business growth in the region. To manage leases and tenant payments, the organization relied on a real estate management system. However, reconciling data from this system with their accounting software, which also managed other activities such as events and workshops, was a manual process. This reconciliation could take over a month to complete, delaying the closure of monthly financials and limiting transparency for the board and senior management. Additionally, the manual process introduced a significant risk of errors, further exacerbating delays.
SCALESOLOGY IN ACTION
Scalesology developed a custom middleware solution to enable seamless data integration between the real estate management system and the non-profit’s accounting software. While the technical implementation was relatively straightforward, the primary challenge was aligning the categorization of transactions in both systems. Scalesology collaborated closely with the client to map transaction categories accurately, ensuring effective communication and consistency between the systems.
RESULT
With Scalesology’s middleware in place, the non-profit now benefits from a significantly faster reconciliation process, eliminating the need for manual data entry and enabling quicker financial book closures. This solution has streamlined operations while enhancing financial visibility and accuracy for the organization.
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