CINC-Blog-GenAI2
Property Management Software

As tech giants like Google and Apple race to make Generative AI part of everyday life, homeowners’ demand for instant, personalized information and responses will skyrocket. The association management industry, like most other industries, will need to embrace it. But adopting AI is about more than just keeping up with the times. 

Investments in Generative AI technology like CINC’s Cephai can yield significant returns and transformative change quickly. Here’s what that might look like for CAM companies in the short and long term.

Month 1: Adoption Campaign Streamlines Homeowner Queries

After a CAM company adopts and launches Cephai in the CINC Homeowner app, it immediately notifies homeowners across channels like direct mail, Web, email, and signage. Instead of waiting days for their community manager to respond,, homeowners can now ask Cephai questions and receive immediate answers. 

Month 3: Homeowner Contact Volume Decreases

As more homeowners turn to Cephai for questions about covenants, amenities, payments, and more, managers notice a significant reduction in calls and emails. Cephai saves managers 30 hours per week per association, reducing burnout and freeing time to focus on community and board engagement.

Month 6: Client Satisfaction and Retention Increase

Homeowner contact volume has now decreased by 80%. The CAM company sees a boost in client satisfaction as response times decrease and managers can focus on board education—a top concern among associations in CINC’s 2024 State of the Industry Report. With more time to spare, managers can help boards navigate increasingly critical issues like emergency preparedness, deferred maintenance, and new legislation.

Month 12: CAM Company Sees Broad Organizational Impact

Employee retention and overall morale are significantly improved now that managers are less overworked and can devote time to the more rewarding aspects of their careers. While business is booming, the company spends less money adding headcount than expected now that many manager tasks are automated. 

CINC Systems’ industry-leading security framework protects sensitive information and relieves leadership from data breach fears. Now that the company is using CINC, it no longer requires onsite server maintenance and the need for those IT resources. The combined cost savings allow the company to explore new revenue streams and other ways to sustain growth.

Long Term: CINC Partnership Fosters Continuous Innovation

Besides providing Generative AI technology and CAM software, CINC Systems closely partners with the CAM company to pioneer new solutions to future-proof the business and meet the industry’s complex challenges. 

The potential is endless.

Click here to discover how CINC’s Cephai can springboard your organization into the future, positioning you for sustained growth and innovation.

 

Related Reads

CINC-Blog-EQ

Blog

Keeping Calm and Carrying On: Leadership Tips for Turbulent Times
Reading Time: 3 minutes
photography rear shot, A close-up action shot of a baseball player in a white with the number 15, swinging a bat powerfully towards an oncoming baseball. The player is wearing a black helmet, and the background shows a blurred baseball field with a yellow fence and distant players. The scene captures the intensity and motion of the swing, with the baseball just about to make contact with the bat --ar 3:2 --quality 2 --v 6.1 Job ID: 2d0869d8-ffc5-4cdd-a6f7-9f7425fe8107

Blog

AI at Bat: What Umpires, Baseball, and Data Security Can Teach Us About AI Risks
Reading Time: 5 minutes
CINC-Blog-AppUseCase

Blog

Do I really need a homeowner app when I have a mobile-friendly website?
Reading Time: 3 minutes
CINC-Blog-Insurance

Blog

Weathering the Storm: How to Adapt to Soaring HOA Insurance Costs
Reading Time: 2 minutes
CINC-Blog-GenAI2

Blog

How Today’s Generative AI Investment Drives Long-Term CAM Success: A Timeline
Reading Time: 2 minutes
CINC-Blog-Budgets

Blog

A Common Sense Approach to Simplifying Budget Planning Get ready to conquer HOA budget season with this effective strategy
Reading Time: 2 minutes