Did you know you can now opt for Community Accounting Data migration from any other software and apps to ADDA.io? The best news is we help you with the process every step of the way.
What Is Data Migration?
The process of shifting your owner/tenant and community accounting data from one community management software to the other is called data migration. The community management industry is showing a growing trend. Users across all geographical locations have every right to test each of the players before settling down on the system that suits their requirements the most. Keeping this in mind, ADDA.io offers services of data migration from any other community management apps as part of its onboarding process.
Why Discerning Communities Choose ADDA?
How Does This Work?
Our dedicated team ensures a smooth transition, guiding you through every step of the data migration process to ensure your community data is accurately and securely transferred to ADDA.
This is a very simple 4-step process completed within 15 business days from the subscription date:
Step 1: Master Data – Units and User Data Migration; Set Up of Controls
You provide us with the data in an Excel sheet or a pre-drafted ADDA template. This data typically includes your present list of owners/tenants – their names, unit numbers, emails, and phone numbers; your community accounting reports; the status of maintenance payments for each member; and audit reports for each year. The account statement of each unit must be available in a downloadable format. Please note, ADDA does not migrate unit invoice data from multiple systems or non-audited account information; please ensure all community accounting financial statements have been correctly audited and updated.
Step 2: Accounting Data Migration & Set Up
We receive the login credentials from you of your former system, or you download the data in the required format and provide us the data to initiate your community accounting migration. Your book of balance is uploaded as is, and no changes are made by the ADDA team. The community accounting module is activated for the financial year coinciding with your subscription date. In the spirit of data privacy, we only extract your income report of the previous years as permitted by you.
Step 3: Audited Balances Migration
This is the most vital step of your data migration. As a community, it is important to keep your recent audit reports handy. We download the one-click audit report/money reports and migrate the audited balances accurately.
Step 4: Verification & Sign Off
To ensure no data has been lost in the process, our dedicated team cross-verifies all the data extracted and migrated to help you with a smooth start. The verification process goes through a round of Association/MC/Board approval to ensure there have been absolutely no mistakes. The migration is declared complete once you provide signed approval.
This thorough verification step guarantees the integrity and accuracy of your data, ensuring a seamless transition to ADDA.
Here is a short explainer video, to help you know what ADDA is about. Do explore our Website to understand our Products in detail and also check out the various knowledge sessions we regularly conduct for MCs.