How GoSpaze saved 800 business hours by automating rent collection
Overview
GoSpaze, founded by Mr. Shinoj Nambiar, is a Real Estate Services company, offering a comprehensive range of services such as rentals, property management, co-working, and interiors. In total, the company was managing more than 500,000 sqft of real estate across its portfolio. Operating from Bangalore, GoSpaze caters to property owners, landlords, builders, and investors with an extensive portfolio of services, ensuring efficient property management and seamless operations.
Business Challenges to Our Solutions
Challenge 1
Manual Invoicing
Being a multi-family operator, GoSpaze had to coordinate with hundreds of tenants and owners to collect payments. There was no system in place to help them streamline payment collection.
Solution
With MonkSpaces.Ai's automated invoicing in place, the GoSpaze team was able to streamline invoice generation and rent collection process. They have created more than 80,000 invoices using our accounting module since 2017.800 business hours
Time saved with our bulk invoicing and payment automationChallenge 2
No way for Maintenance Ticket Tracking
Following up on maintenance tickets and tracking resolutions manually posed challenges. Moreover, there was no proper channel to communicate and coordinate with technicians, leading to inevitable delays in resolution.
Solution
Our ticketing platform facilitated seamless tracking of maintenance tickets through the intuitive dashboard. This helped streamline communication and promised sound resolution processes.7,000+
Tickets raisedChallenge 3
Lease Renewal Management
Tracking lease renewals for a considerable number of units annually was a laborious task.
Solution
We automated the lease renewal process, sending timely notices to tenants and ensuring a hassle-free renewal workflow. Integrating a payment gateway in the GoSpaze app further streamlined rent collection, making it convenient for tenants as well.350+
Leases automatical
We lucked out with MonkSpaces.Ai's team where we could reach out to them for any sort of assistance while building the (custom) app. The physical process of in-person training also made onboarding onto the system really easy.
