Entrata Launches Homebody Rewards and Procure to Pay to Streamline Operations and Improve Resident Experience

October 16, 2024 at 09:00 AM EDT

Innovative Solutions Simplify Vendor Management, Streamline Payments, and Provide Added Benefits For Residents

Entrata, a leading AI-enabled multifamily Operating System (OS), today announced the launch of two new products designed to improve property management efficiency and elevate the resident experience: Procure to Pay and Homebody Rewards. The Procure to Pay solution simplifies procurement and payment processes, while Homebody Rewards encourages resident engagement by offering incentives that foster long-term retention and operational savings.

Entrata’s Procure to Pay automates vendor management and payment workflows, making it easier for property managers to find compliant vendors, place orders, and track payments—all within the Entrata platform. Key features include:

Punchout Catalog Purchasing: Access millions of vendor catalog items with real-time pricing from a broad network of top suppliers.
Full-Service Vendor Credentialing: Manage vendor onboarding and compliance through Entrata’s partnership with NetVendor.
AI-Powered Invoice Processing: Achieves 94% accuracy in invoice prediction, streamlining the entire billing process.
Secure Bill Pay: Offers multiple payment options, including Virtual Card, ACH, and paper check, with real-time tracking.

Homebody Rewards is a resident loyalty program where residents can earn points for paying rent on time, signing a new lease, setting up autopay, and more. Points can be redeemed through an extensive network of providers, including thousands of retailers, over 200 airlines and hotels worldwide. This program helps property owners attract and retain residents while simultaneously reducing operating costs.

“Our Homebody Rewards and Procure to Pay solutions tackle critical property management challenges by streamlining operations and elevating resident engagement,” said Catherine Wong, COO and CPO of Entrata. “Through vendor process automation and meaningful resident incentives, we’re not only improving the efficiency of management but also enhancing the living experience in multifamily communities—further solidifying Entrata’s industry leadership and dedication to both property owners and residents.”

Last month, Entrata introduced ELI+, a suite of AI-driven modules that help optimize leasing, renewals, and payments with seamless automation. With features like omni-channel communication and real-time data insights, ELI+ reduces costs and enhances property management workflows.

Entrata continues to lead the multifamily housing sector by delivering tools that enhance both property operations and the resident experience. As the industry evolves, Entrata remains committed to driving innovation and meeting the needs of property managers and residents.

About Entrata

Entrata is the leading operating system for multifamily communities worldwide. Setting the bar for innovation in property management software since 2003, Entrata offers solutions for every step of the leasing lifecycle and empowers owners, property managers, and renters to create stronger communities. Entrata currently serves over three million residents across more than 20 thousand multifamily communities around the globe. Learn more at www.entrata.com.