Apto Launches New Back Office Product for Commercial Real Estate Firms

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Modern commission management and accounting now available on the Apto platform

Apto, a provider of cloud-based CRM and pipeline tracking software for the commercial real estate industry, today announced its latest product, a back office platform designed to track commissions, invoices and payments all in one app. Today many commercial real estate firms are using spreadsheets and manual processes to track complex commission plans which is often time consuming and prone to errors.

“Our customers have been asking for a product that seamlessly tracks commission plans, invoices, accounts receivable and commission payouts,” states Tanner McGraw, CEO and co-founder of Apto. “We are proud to introduce a back office app to meet that need.”

The app includes a “booking engine” which takes a user through the process of booking a comp for either a sale or a lease and includes any commissions that are part of the deal. It allows for commission splits and holdbacks and uses the information entered to generate invoices which can then be directly emailed to clients without leaving the app.

Apto’s back office platform was designed with brokerage accounting needs in mind. “Objects are structured in a similar fashion to traditional accounting systems that brokerage accounting staff may have previously used,” said Yuva Loganathan, Apto Product Manager. “The advantage of using Apto is that commission and accounting are tied together and related to comps in the system.”

Multiple invoice types are supported including standard sale invoice, standard lease invoice and, in instances where the commission is collected as the rent comes due, recurring lease invoice. The booking engine allows users to enter partial payments, allocate payments to multiple invoices and also assign a portion of payment towards participating agents’ gross commission.

Apto’s back office platform can be purchased with CRM and pipeline tracking and is also available as a stand-alone product. With the addition of a back office product, commercial real estate firms can now manage their contacts, companies, properties, pipeline, and accounting within Apto, saving time for both brokers and operations staff. Apto was developed by brokers and gives brokerages complete visibility into their business.

About Apto
Apto marries the bullet-proof Force.com platform and a decade of industry know-how into a comprehensive business app for the commercial real estate brokerage industry. The app gives brokers and teams a simple yet comprehensive tool while solving the ever-present adoption issues faced by brokerages. Apto was founded in 2011 and is headquartered in The Woodlands, TX. For more information, please visit http://www.aptotude.com.

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Kim Howard
Apto
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