IntelliWay Services increases managed rental units by 31 percent

IntelliWay Services has significantly expanded its business activities in 2020 and was actively responsible for 20 customers in the past year (13 in 2019). A total of 693 residential and commercial properties with a total of 11.947 rental units (9.119 by the end of 2019) and a total area of 6.9 million square meters in the areas of property accounting, service charge reconciliations, digitalisation of processes and other back-office services in Germany.
In the course of time, more than 10.000 service charge reconciliations were prepared and around 75.000 invoices were processed. Due to the increasing number of orders, the company increased the number of its employees from 57 to 73 in 2020. Through its branches in Germany, Bulgaria and the Netherlands, IntelliWay was able to provide its clients with qualified German-speaking experts in a very short period of time.

One of the special projects in the past year was the support of the consulting team responsible for the project management at Spacewell Germany in the introduction of iX-Haus at Aston Ten Brinke, a subsidiary of the Ten Brinke Group. „We are happy we were able to actively support Spacewell in the implementation of iX-Haus. With the help of this software solution, now much better reporting and a digital document management system will be possible in the future – for the benefit of at Aston Ten Brinke“, says Sergey Koynov, Managing Director of IntelliWay.

IntelliWay also expects a significant increase in digitisation and digitalisation measures in the real estate industry in 2021. Sergey Koynov sees one of the biggest challenges in synchronising different software solutions: „Although we can access data from systems such as SAP, Yardi or Realax, the final calculation of the figures is often still made as an Excel sheet due to the lack of mutually compatible applications. Here, the real estate industry and software providers must cooperate and communicate more closely. With our experts in industry-specific property accounting and our know-how in the technical support of ERP systems, we can offer solutions from a single source.“