How to Use Encompass with QuickBooks?

Encompass is a Loan Origination System (LOS) developed by Ellie Mae (now owned by Intercontinental Exchange (ICE)) designed for lenders to originate more loans, lower costs, reduce time to close, and make smarter business decisions. It is primarily a customer relationship management software focused on sales and marketing aspects for the mortgage industry vertical. Encompass CRM includes a wide range of features for automating marketing, relationship management, and business intelligence that are integrated into a single platform.

Many businesses that use specialized CRM solutions, such as Encompass also use accounting solutions. In this article, we will focus on how businesses can use Encompass with QuickBooks.

What Are the Advantages of Using Encompass with QuickBooks?

There are several advantages of using Encompass with QuickBooks.

  • While businesses can run effective marketing campaigns with Encompass, they can use QuickBooks to keep track of expenses.
  • Many workflows involving finances can be automated and made more efficient.
  • Costs can be further reduced by tracking costs and incomes accurately in QuickBooks by using it with Encompass.
  • The business intelligence tools in Encompass can be used with the detailed reporting capabilities available in QuickBooks to generate actionable insights.
  • Businesses can provide an enhanced digital mortgage experience for users by managing loan transaction details in QuickBooks.

How to Use QuickBooks Data with Encompass?

Although QuickBooks and Encompass do not have a native solution for integration, party connectors can be used to access data in the applications directly without impacting the performance. These can automatically synchronize schemas with Encompass and can combine data from the two applications to create dashboards and reports.

Interestingly, QuickBooks Desktop and Encompass SmartClient are applications that have to be installed on servers or personal computers. They are both designed for machines running on Windows operating systems and share hardware, software, and application dependencies. Users can deploy QuickBooks Desktop and Encompass SmartClient on the same machine along with connectors for interoperability.

While both applications can be on on-premises machines, there are distinct advantages of using QuickBooks and Encompass on virtual machines. Unlike physical computers, the resources such as storage and RAM on virtual machines can be scaled on demand. These machines can be accessed from anywhere, using any internet-enabled device, such as a mobile or a tablet. Most importantly, virtual machines are typically safer than desktop computers and are updated with the latest security measures.

Apps4Rent Can Host Encompass and QuickBooks for Seamless Operations

One of the most important considerations, especially for mortgage businesses with several users, is that the performance of both these applications, which support multiple user sessions, can be adversely impacted if the system hardware and network specs are not met. Consequently, it would be prudent to host both these applications in the cloud, rather than on-premises servers or individual computers, that are difficult to scale and manage.

As Microsoft, Intuit, and Citrix partners, Apps4Rent can provide virtual desktops and dedicated servers that are optimized for hosting QuickBooks and Encompass LOS. Contact our application virtualization architects, available 24/7 via phone, chat, and email for assistance.

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