The Qornerstone Outsourced Finance team is led by a manager with over 15 years’ MCST Finance experience with leading MA companies in Singapore. We hire staff with minimum 5 years’ MCST Finance experience and all reports are subjected to tight quality control processes.

We know of many MAs who had to turn down jobs because of manpower constraints. Either their Finance team was already overloaded or they didn’t want to employ one extra headcount just for one project. Outsourcing gets around this problem by giving you the flexibility to scale up (or equally important, scale down) quickly and easily. Your supply of Finance manpower is now flexibly matched to demand for your MA services.

That’s because we take advantage of the automation features on Qornerstone Estate software to largely automate bookkeeping tasks that used to take hours. This means less manual data entry errors and cost savings that we can pass on to you.

To manage Accounts Receivables, SPs can view and pay their bills on an app or PayNow QR codes. Payments are then automatically reconciled to invoices by the system, which then issues a receipt to the SP and updates the SOA and debtors’ ledger.

If you add up all the time and company resources spent on managing manpower, it quickly becomes obvious that it’s better to outsource. Especially, if like most MAs you’re having trouble hiring locally in Singapore, think of all the time wasted applying for permits and on the actual hiring process. Then just when you think the team is stable, a staff leaves because a competitor offered a $100 more a month. By outsourcing, you leave these headaches to us.

Our outsourced Finance service is offered on the Qornerstone Estate platform, which is a modern, cloud-based ERP platform customised for MCST property management. SPs can receive their bills by email, or view and pay with PayNow on the Qommunity Resident app 

Council members who use ERP systems at their workplace will appreciate features like purchase orders (POs) matching with supplier invoices, FM budgeting linked to GL codes, electronic approvals of POs, supplier invoices and payments.

We need at least 2 weeks to migrate and setup strata title and financial data in the Qornerstone Estate platform. But this may vary depending on availability of manpower so please provide at least 1 month advance notice before commencement of service.

The incoming MA shall be responsible for taking-over and follow the business-as-usual process for taking over the finance and strata title roll data, before handing this over to Qornerstone Outsourced Finance team.

The MA will act as main point of contact for all enquiries from SPs and Residents, including questions on accounts receivables. If the MA subscribes for a Qornerstone Estate software license, we can provide Read-Only access to site staff to immediately retrieve SOAs and send to SPs. Alternatively, site staff can relay any enquiries to Qornerstone Outsourced Finance team for the appropriate follow up.

Please see reply to question no. 3 as the same procedure will apply.

1. Direct control and access to all MCST data;
2. If MA is ever dissatisfied with Qornerstone Outsourced Finance, the MA can terminate the service and employ your own Finance or another company without any disruption to service since you can just switch off our user accounts and create new ones for the new service provider;
3. Additional user accounts for yourself, your managers and site staff so that you can respond more quickly to questions from customers.

You just need to give us one (1) month’s advance notice to terminate Qornerstone Outsourced Finance services.

E-payments allow the Accounts Receivables and Accounts Payables workflows to be automated on Qornerstone Estate. Automation reduces manual data entry and eliminates user errors (e.g. SPs forgetting to include their unit number when making payment) and data entry errors. This reduces our workload and we can pass on the cost savings to you.

Yes, please contact us here with your request.