In The News

Firm Drawn by Sophistication of Property Management and Accounting Platform

MANHATTAN/TOTOWA, N.J., April 20, 2015 – Charles H. Greenthal Management Corp. of Manhattan has completed its implementation of the Integrated Business Systems (IBS) property management and accounting system. The boutique platform is used by more than 75 prominent New York/New Jersey real estate owners and managers, and addresses virtually all property management, accounting and construction management tasks.

Greenthal Management is one of the largest privately owned residential management and leasing firms in the New York Metropolitan area. The 56-year-old organization represents hundreds of cooperative, condominium and rental buildings.

“Greenthal’s prior property management and accounting system had reached the end of its useful life,” noted IBS’s Michael Mullin, president. “The firm was drawn to our modern, more comprehensive software program because it not only meets current requirements but can continue to expand as the company’s needs evolve.”

The Greenthal Management system conversion included a notable level of customization. “Every association board and multifamily owner wants a distinct monthly reporting package, and with such a large portfolio Greenthal Management has a complex set of diverse requirements,” Mullin said. “We configured our Board View function to automatically generate reports catered to each entity and deliver the reports electronically or as hard copies to appropriate stakeholders.”

Greenthal Management’s IBS system also has been set up for seamless integration with third-party software products that automate tasks such as invoice preparation and payment processing. This includes a number of applications already in use at Greenthal Management as well as others introduced as part of the conversion. The IBS system supports integrations with dozens of best-in-class, real estate-specific software products that provide connections for tenants and residents, unit pricing and availability, accounts receivable and payable, vendors, and building information.

The browser-based IBS system is scalable and customizable for private and public enterprises of any size, from just a few IBS users to hundreds of operators. The IBS business model, which has evolved over 36 years, offers truly turnkey solutions, from data conversion, hardware, customized software and installation to extensive on/off-site training, consulting, service and support. Additionally, IBS’s Managed IT Services division offers full consulting, design, installation and support services.