Financial Management

Financial management oversight at GMGI involves a strategic approach to ensure organizations achieve optimal economic health and performance. Firstly, this includes meticulous budgeting and forecasting processes to align resources with operational goals effectively.

Additionally, we excel in tax planning, optimizing tax efficiencies, and maintaining strict internal controls to safeguard assets and ensure financial integrity. Moreover, our expertise in audit readiness and internal audit processes helps maintain accountability and enhance financial transparency. As a result, GMGI supports sustainability, growth, and resilience in a dynamic business environment, empowering clients to navigate challenges and seize opportunities with confidence.

What We Do

Groupe Maintenance & Gestion Immobilière specializes in several critical areas of condominium financial management:

Preparing and maintaining the annual budget

Creating and updating a comprehensive annual budget to ensure financial stability and meet operational goals.

Collecting and depositing condo fees

Managing the collection and secure deposit of condominium fees to maintain financial health.

Depositing all collected amounts into a separate bank account

Securing funds by depositing all collected amounts into a dedicated bank account for transparency and accountability.

Transmitting information to the notary when selling a private unit

Providing necessary documentation and information to the notary for seamless processing during the sale of a unit.

Tax declaration and financial statements

Handling the preparation and submission of detailed tax declarations and financial statements to comply with legal and regulatory requirements.

Making necessary reminders to collect arrears

Sending timely reminders to residents for collecting overdue payments and maintaining cash flow.

Verifying invoices and paying suppliers or subcontractors

Ensuring the accuracy and timely payment of all invoices to suppliers and subcontractors for smooth operations.

Preparing the annual budget based on the board's objectives

Aligning the annual budget with the board's financial objectives and strategic goals for effective planning.

Monthly bank reconciliation

Conducting monthly reconciliations of bank accounts to ensure financial accuracy and consistency in records.

Administrative Management

Financial Management

Operational Management

How Can We Help?

GMGI is here to optimize your organization’s administrative functions. From policy development to resource management and workflow optimization, we ensure streamlined operations.

Working with GMGI for our administrative management needs has been instrumental in streamlining our operations. Their expertise in policy development and resource optimization has significantly improved our efficiency and organizational effectiveness.

How does GMGI prepare and maintain the annual budget for our condominium?

GMGI prepares the annual budget by collaborating closely with the condominium board, taking into account operational needs, maintenance requirements, and long-term financial goals. We ensure transparency and accuracy in budgetary allocations to support effective financial planning.

How does GMGI handle the collection and depositing of condo fees?

We manage the collection of condo fees efficiently, sending out timely reminders and providing convenient payment options for residents. All collected fees are promptly deposited into segregated bank accounts to maintain financial transparency and accountability.

What steps does GMGI take to manage arrears in condo fee payments?

GMGI implements proactive measures to manage arrears, including sending reminders, facilitating payment plans when necessary, and escalating collection efforts as per agreed-upon policies to optimize cash flow and financial stability.

Areas of Expertise

We specializes in several key areas of expertise within Financial Management:

Model Strategies

GMGI’s financial management services are designed to provide comprehensive support for your property’s financial health. By integrating our strategic approach with your organization’s goals, we ensure optimal performance and economic stability.

How Can We Help?

GMGI is here to optimize your organization’s administrative functions. From policy development to resource management and workflow optimization, we ensure streamlined operations.

Virginie Riopel

CEO Finance Consult Manager

Financial Management