Financial Management
Oversee your HOA’s operations and grow reserves with expert budgeting, forecasting, and financial analysis tailored to your community’s needs. From strategic long-term planning to proactive cash flow management, we deliver a comprehensive financial strategy that ensures fiscal stability, growth, and transparency.
Financial Managment
- Comprehensive budgeting, forecasting, and in-depth financial and operational analysis—at a fraction of the cost of hiring in-house staff
- Long range financial planning and cash flow managment
- Monthly/Quarterly financial reporting & dynamic dashboards
- Detailed board member reviews and Q&A sessions
Accounting Liaison
- Confer with third-party management accounting teams on behalf of HOA to improve processes, interpret & validate billing, and better understand financial performance
- Conduct detailed variance analysis to improve fiduciary oversight, revenue capture & cost controls
- Drill down into financial detail, pursuing answers on behalf of board members and ensuring impelmentation of best practices
Process Improvment
- Leveraging technology & streamlining operations
- Implementing enterprise level best practices for trusted accuracy
- Development of tools to improve performance of on-site staff, assist with revenue capture, and controll expenses
Frequently Asked Questions
What services does Boardwise offer in terms of financial management?
Boardwise offers flexible support tailored to fit your unique needs. We adapt our services to provide the level of assistance that works best for your HOA. Hiring Boardwise is like having a highly skilled FP&A (Financial Planning & Analysis) department at your disposal, ensuring expert financial oversight and strategic guidance for your board.
We have experts to manage budgeting, forecasting, variance analysis, cash flow management, long-term planning, real-time dashboards & reporting, and more. Our team works closely with third-party accounting teams to develop a deep understanding of accounting processes to improve financial hygiene, transparency & reporting. The end result is clear, actionable insights into the entity's performance, customized to your specifications.
How does Boardwise work with management company accountants?
Having difficulty getting clear answers to your financial questions? Let Boardwise bridge the gap between board and accountant with detailed explanations and full confidence in the accuracy and integrity of your numbers.
Third-party Management Companies employ hundreds of accountants to process ultra high-volumes of transactions. Their incentivized to create rigid stream-lined workflows that run as cheaply as possible. As a result, they are resistant to accomodating client needs or pursuing answer to discrepancies.
Boardwise's experts have worked extensively with managment company client accounting teams, and knows how to ask the right questions to the right people to get the information you need.
How can Boardwise help our HOA save money?
Sound financial management empowers HOA boards and homeowners to make informed, strategic decisions by implementing cost controls and streamlining operations. Through detailed financial analysis and close collaboration with accountants, community managers, and the board of directors, Boardwise professionals identify opportunities for greater efficiency and cost savings.
Find unique opportunities to utilize technology solutions that can improve homeowner experience and reduce headcount. This approach strengthens the HOA’s financial health and supports long-term stability.