“Management is doing things right. Leadership is doing the right things” Peter F Drucker

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Questions & Answers -
NetSOLUTIONS approach to
Body Corporate Management

 

Do you need to collect funds from a number of members at the end of each month?

  • NetBILL will automatically collect your levies each month.
  • NetBILL will provide online real time reconciliations of the collected levies.

 

Does collecting these funds put a strain on the relationships between you and your members?

  • NetBILL allows you to build better relationships with your members because levies are automatically collected.
  • If the collection is rejected, NetBILL will automatically recollect the levy, without any further user input.
  • NetBILL will also automatically send out pro forma invoices to your members, if you so choose. Serving the vital purpose of reminding members when levies are due.

 

Do you need to portray a professional image to your members? NetBILL ensures that members feel secure that their contributions are being spent appropriately.

  • Using NetBILL to collect your levies removes any personal issues and allows you to focus on running the body corporate as it should be, without the emotion of personal relationships.
  • Maintaining some distance between you and the members will stop them from entering into negotiations. This added layer can protect your body corporate image and facilitate efficient management and running of the body corporate.
  • Handling the collections and invoicing in such an organised, professional, manner sets a president for future disagreements and disputes to be managed in a similar fashion.

 

Do you spend far too much time compiling and distributing invoices to your members? (Invoice creation is optional.)

  • Invoices, as well as invoice line items are created only once.
  • NetBILL will raise and distribute the invoices automatically.
  • NetBILL allows for easy global price escalations and penalty fees to be added.
  • NetBILL reduces the administration and human resource costs of invoice distribution

 

Do you often have to invoice members for back dated items such as back dated rate increases?

  • NetBILL simplifies the process. All you need to do is create a line item that you can insert into each of your members invoices.

 

Do your members often reduce the amount that they pay because they believe that they should be refunded for repairs and maintenance?

  • NetBILL puts you back in control as you will invoice and collect the correct amount.

 

Do your members take too long to complete necessary repairs and maintenance?

  • If you have to facilitate any repairs and maintenance on behalf of any of your members, NetBILL will allow you to collect the outstanding funds from the member immediately.

 

Do you forget to effect price escalations?

  • NetBILL invoices are time based and can escalate on a certain dates. There is no need for you to remember to effect the escalation, it will happen automatically.
  • Pro forma invoices serve as reminders for both you and your members.

 

Are you still processing manually?

  • Manual processing is time consuming and opens the door for human error. NetBILL eliminates this as it is an automated system.
  • NetBILL is specifically designed to handle a large volume of invoices of similar amounts.
  • NetBILL is an automated system and requires minimal user input. An invoice and its line items are only set up ONCE.

 

Are most of your Collections of a similar value? This makes receipting difficult.

  • NetBILL provides online real time reconciliations of all the collected amounts.

 

Do you have an unpredictable Cash flow?

  • NetBILL provides an online predicted future cash flow report and thus reduces uncertainty.

 

Is there uncertainty around your levy collections? Does this cause cash flow problems?

  • The uncertainty surrounding collections can put a strain on the relationships between you and your members. NetBILL provides for online, real time reporting of your expected collections, thus reducing this uncertainty.
  • NetBILL puts you in control of what is to be collected. You no longer have to wait for your member to make a deposit.
  • NetBILL allows you to effectively manage your cash flow.

 

Do you have high costs associated with administration that are eating into the funds that you should use for maintenance and the like?

  • NetBILL can reduce the costs associated with administration as it is fully automated. From invoice generation, to collection and reconciliation it requires very little user input to manage.