Arkendia today announces the official launch of TheSyndic, its next-generation co-ownership management platform. After several months of development and real-world testing, TheSyndic is now available to all professional and volunteer property managers (syndics) in France.
The challenge: a sector lagging behind on digital
Co-ownership management remains one of the least digitalized areas of real estate. Syndics still juggle Excel spreadsheets, ageing software from the 2000s and exchanges by paper mail. Co-owners, for their part, lack visibility into finances and the decisions being made. TheSyndic was designed as a direct response to these frustrations.
A platform built for the field
TheSyndic brings together, in a single unified interface, all the essential building blocks of co-ownership management:
— Full accounting: co-ownership chart of accounts (classes 4 and 5), journals, general ledger, trial balance, automated bank reconciliation, year-end closing and carry-forward of opening balances.
— Service charge management: allocation by charge keys, calls for funds, tracking of unpaid charges and automated reminders.
— Works tracking: creation of works files, tracking of quotes, orders and invoices, integration of supplier contracts.
— Communication: built-in messaging between the syndic and co-owners, announcements, publication of general meeting minutes.
— Document management: automatic document filing, intelligent OCR to extract data from invoices and statements.
Artificial intelligence at the service of management
TheSyndic ships with Ark AI, the artificial intelligence engine developed by Arkendia. In practice, Ark AI makes it possible to:
— Automatically analyze supplier invoices and extract amounts, dates and references via OCR.
— Detect accounting anomalies: balance discrepancies, duplicate entries, inconsistencies between forecast and actual budgets.
— Generate summary reports in natural language, ready to use for co-ownership boards.
— Assist managers in finding information: “What is the works fund balance on December 31?”, “List unpaid invoices older than 60 days”.
Ark AI relies on a proprietary NLP pipeline coupled with a contextual search engine, enabling a fine-grained understanding of business queries.
Native mobile app
A native iOS app, developed in Swift, is currently being rolled out. It will allow co-owners to view their accounts, receive general meeting notifications, report incidents and communicate with the syndic from their phone.
Model and availability
TheSyndic is offered as SaaS with a monthly subscription adapted to the size of the managed portfolio. The platform is available now at thesyndic.com. Migration support from legacy tools is offered free of charge to early users.
Press contact: contact@arkendia.com