HappyCo, a leading provider of maintenance operations software, today announced the launch of Sourcing by HappyCo, an AI procurement platform purpose built to help multifamily property management companies (PMC) identify vendor contracts and run competitive bids to lower their costs. The new product extends HappyCo’s proprietary JoyAI platform into the vendor sourcing process, providing multifamily teams with much-needed assistance to improve efficiency and drive NOI.
JoyAI was trained on decades of data, spanning billions of data points collected by PMCs managing millions of units. Frontline staff can now use that information to focus on taking care of residents while Sourcing by HappyCo creates project-specific SOWs, researches qualified vendors, solicits bids, levels responses, and recommends the best vendors to get the job done.
“Everyone in the residential property industry is skimming the surface when it comes to AI because they are using it to automate administrative functions,” says Sukhi Singh, Chief Strategy Officer at HappyCo. “We’ve captured the real value of AI, which is leveraging millions of relevant data points to reduce the time it takes to get contracts reviewed and put out to bid from days to minutes based on real-world best practices. This empowers property management companies to save money and improve the quality of services while ensuring that sourcing, bidding, and analysis happen at every step.”
“Multifamily operators have been paying for waste services on autopilot – same vendor, same contract, rarely reviewed,” said James Crawley, CEO at Ally Waste, a national multifamily waste services provider. “With HappyCo, operators get a qualified, compliant field when they put work out to bid, and we’re in the running the moment the job goes out, in front of operators we might never have reached otherwise.”
About HappyCo
HappyCo is the AI-led maintenance operations platform built on more than a decade of maintenance interaction and one billion items inspected to date. From inspections and work orders to turns and asset histories, HappyCo captures what happens at the unit level and elevates it — optimizing everything from vendor sourcing and vendor management to unit renovations and performance at the property and portfolio level. The platform serves more than six million multifamily units, integrates with leading service execution and property management systems, and is SOC 2 compliant. The HappyCo Plugin Marketplace is an open API ecosystem connecting operators with a growing network of best-in-class property technology solutions – with a click of a button and at no cost to customers and vendors.
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