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Accruit launches the SaaS version of its Exchange Manager Pro(SM) software to simplify and centralize the administrative functions and challenges of processing 1031 exchanges
Accruit, a company facilitating safe deposits of funds, launched its proprietary Exchange Manager Pro SaaS to simplify and centralize the administrative functions and challenges of processing 1031 exchanges, a press release from the company said.
Previously, the Exchange Manager Pro software was only available to Accruit, its select partners and clients for outsourced exchange processing. However, it is now exclusively available for licensing as a fully functional SaaS offering, Accruit said. Brent Abrahm, president and CEO of Accruit, stated that In 2020 and 2021, there has been an unprecedented surge of interest in and execution of the 1031 exchanges across the globe.
Qualified Intermediaries (QIs) all over America are challenged to keep up with demand for 1031 exchange services well outpacing all previous transactional levels. With that in mind, the time is right for Accruit to offer our internally developed, patented, safe, simple, and secure software – Exchange Manager ProSM.Brent Abrahm, president and CEO of Accruit
Accruit listed out the benefits of its SaaS offering. They include –
Administrative Efficiency that simplifies process flows and reduces duplicate data entry, pushes data collection out to taxpayers
Simplification and acceleration of document creation, which enables the reduction of time spent in creating documents
System Notifications that cater to top communications include deadline reminders, detailed next steps, and distribution of documents. It ensures that parties are aware of relevant milestones without the need to maintain templates and set reminders.
Central repository for exchange documents and other data to retain all exchange documents, system notifications, notes, and exchange data in one cloud-based location.