How Payments to Condo Vendors Can Adjust to Social Distancing

This article discusses how payments to vendors and suppliers in condos can adjust to social distancing in the wake of the COVID-19 pandemic. The traditional process of physically meeting with the condo board of directors to approve invoices and issue cheques is not efficient in the current situation. Technology can play a pivotal role in addressing this issue, allowing property managers and boards to bypass the need for physical meetings, have payment signed electronically, and pay suppliers without having to mail cheques. Condo Manager offers a Direct Payment integration that streamlines the process of paying vendors, including the ability to create, send, and approve invoices via the web, create and send electronic payments to vendors, and receive reports of processed payments for record keeping and communication with the board. The integration is compatible with all Canadian financial institutions, and PAP files are automatically created for all corporations.