https://accruit.lt.empiricaledge.site/ en https://accruit.lt.empiricaledge.site/blog/leveraging-technology-1031-exchange <div class="blog-title-container"> <h1 class="field field--name-title field--type-string field--label-hidden blog-title-text-container">Leveraging Technology in a 1031 Exchange</h1> <div class="blog-author-date-container"> <div class="author"></div> <div class="date"></div> </div> </div> <span class="field field--name-uid field--type-entity-reference field--label-hidden"><span lang="" typeof="schema:Person" property="schema:name" datatype="">Anonymous (not verified)</span></span> <span class="field field--name-created field--type-created field--label-hidden">Sat, 05/01/2021 - 17:26</span> <div class="layout layout--threecol-custom-15-66-15-section layout--threecol-custom-15-66-15-section--15-70-15 small-left-right-padding small-top-bottom-padding"> <div class="layout__region layout__region--first"> <div class="views-element-container small-right-padding sticky-block block block-views block-views-blockblog-category-list-block-1"> <div><div class="view view-blog-category-list view-id-blog_category_list view-display-id-block_1 js-view-dom-id-46bb3962b454adfcdcec3a399ff5ae29cc6a079fcc600fb11355b48e5c827ac4"> <div class="view-content"> <div class="views-row"><div class="views-field views-field-name-1"><span class="field-content"><a href="/blog?blog_category=Reverse Exchange">Reverse Exchange<span class="yellow-divider"></span>20</a></span></div></div> <div class="views-row"><div class="views-field views-field-name-1"><span class="field-content"><a href="/blog?blog_category=1031 Exchange General">1031 Exchange General<span class="yellow-divider"></span>229</a></span></div></div> <div class="views-row"><div class="views-field views-field-name-1"><span class="field-content"><a href="/blog?blog_category=Build to suit Improvement Exchange">Build to suit Improvement Exchange<span class="yellow-divider"></span>10</a></span></div></div> <div class="views-row"><div class="views-field views-field-name-1"><span class="field-content"><a href="/blog?blog_category=Rules and Regulations">Rules and Regulations<span class="yellow-divider"></span>8</a></span></div></div> <div class="views-row"><div class="views-field views-field-name-1"><span class="field-content"><a href="/blog?blog_category=1031 Exchange Technology">1031 Exchange Technology<span class="yellow-divider"></span>12</a></span></div></div> <div class="views-row"><div class="views-field views-field-name-1"><span class="field-content"><a href="/blog?blog_category=QI Services">QI Services<span class="yellow-divider"></span>13</a></span></div></div> <div class="views-row"><div class="views-field views-field-name-1"><span class="field-content"><a href="/blog?blog_category=Company and Industry News">Company and Industry News<span class="yellow-divider"></span>100</a></span></div></div> <div class="views-row"><div class="views-field views-field-name-1"><span class="field-content"><a href="/blog?blog_category=Events">Events<span class="yellow-divider"></span>51</a></span></div></div> <div class="views-row"><div class="views-field views-field-name-1"><span class="field-content"><a href="/blog?blog_category=Press Releases">Press Releases<span class="yellow-divider"></span>38</a></span></div></div> <div class="views-row"><div class="views-field views-field-name-1"><span class="field-content"><a href="/blog?blog_category=Video Series 1031 University">Video Series 1031 University<span class="yellow-divider"></span>45</a></span></div></div> <div class="views-row"><div class="views-field views-field-name-1"><span class="field-content"><a href="/blog?blog_category=Miscellaneous">Miscellaneous<span class="yellow-divider"></span>6</a></span></div></div> </div> </div> </div> </div> </div> <div class="layout__region layout__region--second"> <div class="small-bottom-padding small-right-padding block block-accruit-blocks block-accruit-blocks-stylized-heading"> <div class="stylized-heading-container lazyload" loading="lazy"> <div class="heading-text-container"> <h2 class="accruit_dark_blue_color heading-text">BLOG</h2> </div> <div class="stylized-line-container"> <div class="stylized-line"></div> </div> </div> </div> <div class="small-bottom-padding small-right-padding block block-layout-builder block-field-blocknodeblogtitle"> <div class="blog-title-container"> <h1 class="field field--name-title field--type-string field--label-hidden blog-title-text-container">Leveraging Technology in a 1031 Exchange</h1> <div class="blog-author-date-container"> <div class="author"></div> <div class="date"></div> </div> </div> </div> <div class="block block-accruit-blocks block-accruit-blocks-blog-image-and-summary"> <div class="blog-image-and-summary-container"> <div class="summary"> </div> </div> </div> <div class="small-right-padding block block-layout-builder block-field-blocknodeblogfield-blog-body"> <div class="clearfix text-formatted field field--name-field-blog-body field--type-text-long field--label-hidden field__item"><p>Executing a 1031 exchange properly can range from the simple to the complex depending on a variety of issues such as property type, property use, vesting and so on. To this day, however, the vast majority of Qualified Intermediaries processing <a href="https://www.accruit.com/property-owners/1031-exchange-explained" title="1031 tax deferred exchange">1031 tax deferred exchanges</a> still rely on either a paper-based system or title software modified to attempt to fit the needs of a 1031 exchange workflow. Not only do these antiquated ways of processing exchanges open customers and companies to the risk of error and broken exchanges, but also reduces efficiencies and the overall customer experience.</p> <p>Accruit, as a nationally recognized Qualified Intermediary and technology company, thinks of this differently.  Building on its over 20-year history in <a href="https://www.accruit.com/property-owners/1031-exchange-explained" title="1031 exchange">1031 exchange</a> technology, Accruit developed and patented Exchange Manager Pro℠ (EMP) software initially as an internal 1031 exchange processing software to gain efficiencies, create internal controls, increase security and drive the customer experience higher.   </p> <ul><li><strong>Efficiencies:</strong> It is estimated that Exchange Manager Pro℠ from Accruit can increase the number of exchanges processed per person by 2-3x a paper-based system.</li> <li><strong>Internal Controls: </strong>Exchange Manager Pro℠ is built on a <a href="https://www.accruit.com/blog/1031-like-kind-exchanges-myths-vs-realities" title="1031 exchange rules">1031 exchange rules</a>-based system with wizards to help client service professionals process exchanges without constant oversight and feedback.</li> <li><strong>Security:</strong> The cloud-based software increases security through two-factor authentication, document retention and electronic signature capture.</li> <li><strong>Customer Experience:</strong> Users of Exchange Manager Pro℠ are capable of spending more time working with clients and less time with administrative tasks. The technology helped propel Accruit to the highest customer service score in the industry as measured by Net Promoter Scores (NPS).</li> </ul><p>Exchange Manager Pro℠ is now available externally to Title Companies, Qualified Intermediaries, Banks, Attorneys and others through Accruit’s Managed Service platform. <a href="https://www.accruit.com/blog/managed-services-powered-exchange-manager-prosm" title="1031 manage services">1031 Managed Services</a> clients can take advantage of either the 1031 exchange automation or licensing EMP as a 1031 software application depending on their unique needs.</p> <p>Software automation clients can take advantage of the increased efficiencies of Exchange Manager Pro℠ coupled with the depth of knowledge of Accruit. For example, a title company may wish to monetize their <a href="https://www.accruit.com/blog/primer-1031-exchanges-and-related-types-exchanges" title="1031 tax exchange">1031 tax exchange</a> volume, but do not want to invest in the resources and legal requirements to build their own Qualified Intermediary. Through EMP software automation, that title company can now upload necessary documents and information easily through the cloud and allow Accruit and Exchange Manager Pro℠ to process the exchange while they focus on the client and enjoy the added revenue of a new business line.</p> <p>Software as a Service (SaaS) clients license the software and are able to leverage it to power their exchange operations. These customers tend to already be a Qualified Intermediary and are looking for the software to increase efficiencies, embed controls and security and increase the customer experience.</p> <p>If you are interested in learning more about Exchange Manager Pro℠ or <a href="https://www.accruit.com/property-advisors/managed-services" title="Accruit's Managed Services">Accruit’s Managed Services</a> platform contact us at <a href="mailto: info@accruit.com" title="info@accruit.com">info@accruit.com</a> or <a href="tel:8002371031" tabindex="-1">(800) 237-1031</a> today!</p> <hr /><p> </p> <!--HubSpot Call-to-Action Code --> <p style="text-align:center"><a href="https://cta-redirect.hubspot.com/cta/redirect/6205670/96010bd8-ff53-4385-bd87-446e3c077150" target="_blank"><img alt="Get started with Accruit Exchange Manager Pro℠" class="hs-cta-img lazyload" height="276" id="hs-cta-img-96010bd8-ff53-4385-bd87-446e3c077150" style="border-width:0px;" width="749" 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