Accruit announces major release of Accruit Exchange Manager(SM) software

Denver, CO--Technological innovation is woven into the operational culture of Accruit.  In October 2000, Accruit became the first QI to complete a 1031 exchange via the Internet.  It was a groundbreaking approach that paved the way for further innovation.  

Leveraging technology to simplify the 1031 exchange process, The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange ManagerSM offers a paperless workflow, tracking transactions in real time while also maintaining security standards required to protect 1031 exchange details. Architected with proven technology from Fortune 100 companies, the software is hosted in a redundant and fault-tolerant cloud data center, ensuring 24/7/365 availability. Data is encrypted and continuously backed up; access to the application is secured behind a robust web application firewall.

"Technology, expertise, flexibility, and the ability to scale with our operations was key when selecting the QI for our Company," says Patrick Esper, CAO of Home Partners. "Accruit's ability to integrate their platform with our process and evolve as our needs have change while ensuring our 1031 transactions are properly managed has been pivotal to our growth strategy."

"Accruit's ability to build custom technology sets them apart from other QIs," says President & CEO Brent Abrahm. This latest release expands the complete online workflow by launching functionality and tighter integrations with channel partners, high-volume clients, and tax advisors. Other features include integrating intake forms with third party back-end systems and communicating instantaneously with deal information.

Personal service is central to the Accruit experience. The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange Manager handles the administrative burden of exchanges which provides Accruit representatives and subject matter experts time and flexibility to address a clients' unique needs.