This session will explore how AI-powered invoice automation is transforming service charge accounting, reducing errors, improving efficiency, and ensuring compliance—without adding to the administrative burden.
The UK property management industry is experiencing major shifts in how service charges are calculated, reconciled, and reported.
- Regulatory pressure: Greater transparency is required to ensure fair service charge allocation.
- Tenant scrutiny: Leaseholders and occupiers demand clearer breakdowns and faster dispute resolutions.
- Data volume & complexity: Property managers deal with thousands of invoices with varied cost allocations across multiple buildings.
- Manual inefficiencies: Traditional AP processes increase errors, leading to financial discrepancies and service charge disputes.