Smartwebs, an all-in-one HOA management and accounting software platform, and SmartProperty, a provider of Reserve Study Intelligence, announced a strategic partnership they said is designed to “connect today’s community operations with tomorrow’s capital planning.”
The partnership brings together Smartwebs’ accounting and community management technology with SmartProperty’s Living Reserve Study and Reserve Study Intelligence platform, creating a more connected approach to managing the financial and physical health of community associations.
For years, community associations have relied on management and accounting systems to understand what is happening today, while reserve studies have provided a separate view of what may need to happen years into the future. Smartwebs and SmartProperty are working to bring those two worlds closer together. HOA management companies and association boards will gain greater visibility into how current financial activity aligns with long-term reserve requirements and capital planning.
Smartwebs recently introduced SAMi, AI technology designed to bring the next generation of intelligence and automation to community management. SAMi is being incorporated throughout the Smartwebs platform to help community management professionals work more efficiently, identify opportunities for automation and make better use of the information already within their system.
“SAMi and Atlas are solving different parts of the same industry challenge turning massive amounts of community data into actionable intelligence,” said Robert Holte, vice president of Smartwebs. “SAMi is focused on helping our clients operate their communities more intelligently today, while Atlas helps communities better understand and plan for their future. That alignment makes this partnership especially exciting.”
SmartProperty has similarly advanced the use of intelligence and AI within reserve planning through SmartProperty Atlas, its reserve study intelligence engine. Atlas leverages SmartProperty’s extensive reserve data, property information and proprietary modeling technology to help provide greater insight into replacement costs, asset planning and long-term financial needs.
“SmartProperty and Smartwebs share a common vision for where community management technology is headed,” said Damian Esparza, CEO of SmartProperty. “SmartProperty is the system of record for a community’s reserve and capital planning data, and connecting that with Smartwebs’ day-to-day operations and financial platform gives boards one trusted, connected view of where their community stands today and what it needs for tomorrow.”
The partnership reflects a broader shift within the community association industry toward more connected technology and proactive decision-making. Instead of viewing accounting, daily operations, physical assets and reserve planning as separate functions, Smartwebs and SmartProperty are creating a technology ecosystem where these areas can work together.
The result is a more connected view of community health helping associations understand not only where they stand today, but where they are headed and what they need to do to prepare.
