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OpenVME + Mollie: the HOA platform that opens its own business account
Set up your HOA, open its account, and manage its finances, all through OpenVME.
OpenVME already brings an HOA's administration, communication, and financial management into one platform. With a Mollie Business Account, the HOA's business account lives there too, opened and managed from inside OpenVME rather than through a separate bank.
Focus on running the building. OpenVME and Mollie handle the account behind it.
HOA management without the admin headache
Running an HOA's finances often means juggling spreadsheets, bank statements, and separate systems that don't talk to each other, which leaves plenty of room for errors and disputes over who owes what. Owner-managers and property management companies end up spending time on admin instead of on the building itself.
OpenVME brings all of that into one platform, with automation and its AI assistant Cindy cutting down the manual work. It covers:
Financial management. Automate owner contributions according to your HOA's allocation keys, track working and reserve capital, generate interim and final settlements backed by built-in double-entry bookkeeping, and process supplier invoices, all in one place.
Communication. Run general meetings end to end, from invitations and agendas to digital voting and minutes, and keep property managers and owners connected without scattered emails.
Technical management. Track maintenance requests, inspections, suppliers, and repairs alongside the rest of your HOA's admin.
Administration. Store your HOA's documents, meeting records, and key details centrally.
Expert support. Owner-managers running a self-managed HOA can call on OpenVME's Expert Centre for professional property management and specialist help when they need it.
Your HOA needs an account. That's often harder than it should be
An HOA needs its own business account to receive contributions from owners, pay shared building costs, and manage its working and reserve capital correctly. That account also needs to sit apart from any single owner's or property manager's personal finances.
In practice, HOAs are an awkward fit for many banks. An HOA is a legal entity, but it doesn't run a business in the usual sense, which can leave some banks slow to approve an account, or reluctant to open one at all.
With Mollie built into OpenVME, opening the account becomes part of setting up your HOA, not a separate errand with a bank.
Set up your HOA in OpenVME. Add the building, its owners, and its financial structure.
Open the HOA's Mollie Business Account. Arrange the account from inside OpenVME instead of applying with a bank separately.
Manage the HOA's finances. Use OpenVME for the building's ongoing bookkeeping, with the account built in.
Once the account is open, its transactions appear directly in OpenVME, so there's no separate bank statement to import or reconcile by hand.
Ready to run your HOA, and its account, from one place?
Manage the building, its finances, and its Mollie Business Account, all through OpenVME.
