Plentific, a fully integrated, real-time property operations platform for multifamily property repairs has added a comprehensive Compliance Management Solution to its offerings.
Providing more than compliance, the Compliance Management Solution is fully customizable to help property management teams securely track all local, state and federal requirements in a single platform. Designed to reduce the risk of citations, litigation violations and fines while ensuring resident safety, the flexible system encompasses all inspections, license renewals, renovation and rehab projects and administrative requirements in an online system. The Compliance Management Solution is offered to all customers who adopt Plentific as a holistic solution for their multifamily properties.
The announcement comes just several weeks after the European proptech company launched its one-stop property operations platform in the U.S.
“For owners and operators of multifamily properties, the volume of local, state, and federal regulations and tracked compliance is ever-changing and for multiple properties, it can be easy to miss a deadline or renewal,” said Cem Savas, CEO and co-founder of Plentific. “For years, these details have often been tracked by multiple sources or on several spreadsheets available only to them. Plentific’s new Compliance Management Solution offers a fully customizable, seamless journey to manage compliance, from reminders and deadlines for inspections to renewals, reporting and payments.”
Customers can add, remove or update specific components as compliance demands change. Users can efficiently manage and track the status of inspections, renewals, remedial work, administrative reporting and even invoicing and vendor payments across a variety of categories, including fire and life safety, health and sanitation, mold/moisture, water, gas, ADA compliance, elevators, electrical, gas and energy efficiency. All parties involved have visibility via one centralized system that is updated in real time.
Plentific integrates with a much larger platform that offers automated workflow orchestration and a dynamic verified contractor marketplace. This model also provides customers cost savings as they need not adopt three separate services to meet their needs, the company said. Plentific allows users to log urgent compliance breaches, prioritize based on risk and mobilize in-house teams or contractors in the marketplace to rectify the issue. Customers can also do general checks ensuring no deadlines are missed and are able to track the entire remediation process on one platform.
“Compliance adherence is incredibly important to property managers and owners, who face huge business risk and financial implications if regulations are not addressed,” added Savas. “Plentific’s goal is to be the most connected property operations platform. Every single piece of work that happens at a property can be captured and managed by our software. Remaining compliant is one of those key areas and a crucial part of property operations.”
