SmartRent Announces Strategic Partnership with Hexaware Technologies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
SmartRent announced a multi-year strategic partnership with Hexaware Technologies. The collaboration will drive an AI-native transformation of SmartRent's internal processes, increasing operating leverage while further elevating service quality for the Company's extensive customer base. This initiative aligns with SmartRent's Vision 2028 framework, further strengthening its platform that supports millions of users. By executing its strategic pillars to scale a world-class go-to-market organization and strengthen operating rigor, the Company is building an infrastructure capable of accelerating growth while reducing complexity, leading to improved operating leverage and profitability. The partnership targets three critical workstreams: Hexaware will augment SmartRent's existing support ecosystem through its global delivery infrastructure. By integrating AI-native tools and intelligent omnichannel orchestration across voice, email and chat, the partnership aims to streamline operations, accelerate query resolution and eliminate repetitive, high-volume tasks for internal teams. This enables SmartRent's support professionals to focus on high-value, complex customer needs. For SmartRent's customers, this ensures rapid, dependable support balanced with a vital human touch from dedicated experts at critical points in their journey. SmartRent is continuing to evolve its enterprise quoting and contracting lifecycles. By simplifying commercial processes, this initiative is expected to reduce transactional friction for clients, compress sales cycles and structurally accelerate higher-margin revenue realization. SmartRent will leverage Hexaware's adaptive suite of revenue operations solutions, utilizing automated cash application and specialized collection strike teams. These initiatives are targeted to optimize working capital while unlocking incremental cash flow. Additionally, SmartRent will provide operators with streamlined invoicing by standardizing and digitizing billing.
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Analyst Views on SMRT
Wall Street analysts forecast SMRT stock price to rise
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 1.130
Low
1.70
Averages
1.73
High
1.75
Current: 1.130
Low
1.70
Averages
1.73
High
1.75
About SMRT
SmartRent, Inc. is a provider of smart community solutions and smart operations solutions to the rental housing industry. The Company's end-to-end ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption and more. Through a Hub Device, it enables the integration of its platform with third-party smart devices, its own hardware devices and other technology interfaces. It uses an open-architecture, brand-agnostic approach that allows owners, operators, and residents to manage their smart home systems through a single connected interface. Its smart community solutions include software and devices that power smart apartments and homes, access control for buildings, common areas, and rental units, community and resident Wi-Fi and others. Its smart operations solutions include work order management, the automation of leasing and resident call handling, audit management and the automation of the inspection process.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Hexaware Partners with SmartRent for AI-Driven Transformation
- AI-Driven Customer Experience: Hexaware will operate SmartRent's customer support from its Hyderabad delivery center, utilizing advanced Voice AI agents and intelligent orchestration to enhance customer satisfaction and service quality, thereby strengthening SmartRent's competitive position in the rental industry.
- Intelligent Bill-to-Cash Platform: Hexaware will deploy its adaptive bill-to-cash solutions, organizing data and insights to optimize revenue operations outcomes, which is expected to significantly improve SmartRent's Days Sales Outstanding (DSO).
- Salesforce Revenue Cloud Implementation: Hexaware will transform SmartRent's lead-to-order process by implementing Salesforce Revenue Cloud Advanced, achieving faster quote cycles and stronger pricing governance, while enhancing the unified view of the revenue pipeline to drive business efficiency.
- Building a Modern Operating Model: Together, Hexaware and SmartRent are constructing a modern operating model that integrates customer experience, revenue operations, and AI-driven business transformation into a single foundation for growth, aiming to continuously improve the operational platform with every interaction to enhance revenue and competitive advantage.
See More
Hexaware Partners with SmartRent for AI-Driven Transformation
- Enhanced Customer Experience: Hexaware will manage SmartRent's customer support from its Hyderabad delivery center, leveraging advanced Voice AI agents and intelligent orchestration to significantly improve customer satisfaction and service quality, thereby strengthening SmartRent's competitive position in the rental housing sector.
- Optimized Bill-to-Cash Platform: Hexaware will deploy its adaptive bill-to-cash solutions, organizing data and insights to enhance revenue operations outcomes, which is expected to accelerate cash flow and improve overall financial efficiency.
- Salesforce Revenue Cloud Advanced Implementation: Hexaware will transform SmartRent's lead-to-order process by implementing Salesforce Revenue Cloud Advanced, resulting in faster quote cycles and stronger pricing governance, enhancing the unified view of the revenue pipeline to drive business growth.
- Building a Modern Operating Model: The collaboration aims to create a modern operating model that integrates customer experience, revenue operations, and AI-driven business transformation into a single foundation for growth, ensuring sustained competitive advantage in a rapidly changing market.
See More
SmartRent Partners with Hexaware for AI Transformation
- Strategic Partnership Enhances Customer Experience: SmartRent's collaboration with Hexaware will enhance its existing support ecosystem through global delivery infrastructure, leveraging AI tools and intelligent omnichannel orchestration to elevate service quality and accelerate query resolution, enabling support teams to focus on complex customer needs.
- Streamlined Sales Processes: SmartRent is optimizing its enterprise quoting and contracting lifecycles, and by simplifying commercial processes, it is expected to reduce transactional friction for clients, compress sales cycles, and structurally accelerate higher-margin revenue realization, thereby enhancing profitability.
- Working Capital Optimization: SmartRent will leverage Hexaware's revenue operations solutions to optimize working capital through automated cash application and specialized collection teams, unlocking incremental cash flow while providing operators with streamlined invoicing via standardized and digitized billing processes.
- Long-term Growth Strategy: This partnership supports SmartRent's Vision 2028 framework, with expectations to begin generating active operational efficiencies before the end of 2026, further solidifying its leadership position in the rental housing sector and driving sustainable growth.
See More
Hexaware Partners with SmartRent for AI-Driven Transformation
- Enhanced Customer Experience: Hexaware will manage SmartRent's customer support from its Hyderabad delivery center, utilizing advanced Voice AI agents and intelligent orchestration to significantly improve customer satisfaction and service quality.
- Optimized Bill-to-Cash Platform: Hexaware will deploy its adaptive bill-to-cash solutions, organizing data and insights to enhance revenue operations outcomes and shorten days sales outstanding (DSO).
- Salesforce Revenue Cloud Advanced Implementation: Hexaware will transform SmartRent's lead-to-order process with Salesforce Revenue Cloud Advanced, achieving faster quote cycles and stronger pricing governance while providing a unified view of the revenue pipeline.
- Building a Modern Operating Model: Together, Hexaware and SmartRent are creating a modern operating model that integrates customer experience, revenue operations, and AI-driven business transformation into a single foundation for growth, thereby enhancing competitive advantage.
See More
SmartRent Launches Virtual Intercom System
- Significant Cost Savings: SmartRent's new Virtual Intercom system replaces traditional hardware with QR codes, expected to reduce hardware and installation costs by up to 85%, making visitor management more affordable for multi-building communities.
- Rapid Deployment Capability: The system requires no complex wiring or electrical installation, enabling quick deployment, allowing property operators to modernize visitor management in a short time and enhance the experience for residents and guests.
- Deep Integration Management: The Virtual Intercom system is deeply integrated with top property management software, ensuring smooth implementation and real-time access control, further enhancing efficiency and security in property management.
- Market Promotion Activity: SmartRent will showcase the system at the National Apartment Association conference from June 17-19, providing on-site experiences aimed at attracting more property operators to this innovative solution.
See More
SmartRent Launches Climate Protection Mode to Safeguard Assets
- Innovative Feature Launch: SmartRent has introduced its first-of-its-kind Climate Protection Mode, integrated into the Alloy SmartHome Hub+ and Alloy Fusion thermostats, aimed at proactively defending against major causes of property damage such as water, mold, and moisture.
- Market Demand Response: This technology addresses the need for property protection under extreme environmental conditions, marking SmartRent's leadership in smart community and operations solutions, and is expected to enhance customer satisfaction and market competitiveness.
- Asset Protection Mechanism: By engaging preset thresholds, this feature automatically activates during extreme temperature events, ensuring the safety of rental properties and thereby reducing potential repair costs and risks of property loss.
- Enhanced Industry Influence: This innovation not only increases the value of SmartRent's product portfolio but may also attract more investor attention, further driving the company's market share in the rental housing sector.
See More
Hexaware Partners with SmartRent for AI-Driven Transformation
- AI-Driven Customer Experience: Hexaware will operate SmartRent's customer support from its Hyderabad delivery center, utilizing advanced Voice AI agents and intelligent orchestration to enhance customer satisfaction and service quality, thereby strengthening SmartRent's competitive position in the rental industry.
- Intelligent Bill-to-Cash Platform: Hexaware will deploy its adaptive bill-to-cash solutions, organizing data and insights to optimize revenue operations outcomes, which is expected to significantly improve SmartRent's Days Sales Outstanding (DSO).
- Salesforce Revenue Cloud Implementation: Hexaware will transform SmartRent's lead-to-order process by implementing Salesforce Revenue Cloud Advanced, achieving faster quote cycles and stronger pricing governance, while enhancing the unified view of the revenue pipeline to drive business efficiency.
- Building a Modern Operating Model: Together, Hexaware and SmartRent are constructing a modern operating model that integrates customer experience, revenue operations, and AI-driven business transformation into a single foundation for growth, aiming to continuously improve the operational platform with every interaction to enhance revenue and competitive advantage.
See More
Hexaware Partners with SmartRent for AI-Driven Transformation
- Enhanced Customer Experience: Hexaware will manage SmartRent's customer support from its Hyderabad delivery center, leveraging advanced Voice AI agents and intelligent orchestration to significantly improve customer satisfaction and service quality, thereby strengthening SmartRent's competitive position in the rental housing sector.
- Optimized Bill-to-Cash Platform: Hexaware will deploy its adaptive bill-to-cash solutions, organizing data and insights to enhance revenue operations outcomes, which is expected to accelerate cash flow and improve overall financial efficiency.
- Salesforce Revenue Cloud Advanced Implementation: Hexaware will transform SmartRent's lead-to-order process by implementing Salesforce Revenue Cloud Advanced, resulting in faster quote cycles and stronger pricing governance, enhancing the unified view of the revenue pipeline to drive business growth.
- Building a Modern Operating Model: The collaboration aims to create a modern operating model that integrates customer experience, revenue operations, and AI-driven business transformation into a single foundation for growth, ensuring sustained competitive advantage in a rapidly changing market.
See More
SmartRent Partners with Hexaware for AI Transformation
- Strategic Partnership Enhances Customer Experience: SmartRent's collaboration with Hexaware will enhance its existing support ecosystem through global delivery infrastructure, leveraging AI tools and intelligent omnichannel orchestration to elevate service quality and accelerate query resolution, enabling support teams to focus on complex customer needs.
- Streamlined Sales Processes: SmartRent is optimizing its enterprise quoting and contracting lifecycles, and by simplifying commercial processes, it is expected to reduce transactional friction for clients, compress sales cycles, and structurally accelerate higher-margin revenue realization, thereby enhancing profitability.
- Working Capital Optimization: SmartRent will leverage Hexaware's revenue operations solutions to optimize working capital through automated cash application and specialized collection teams, unlocking incremental cash flow while providing operators with streamlined invoicing via standardized and digitized billing processes.
- Long-term Growth Strategy: This partnership supports SmartRent's Vision 2028 framework, with expectations to begin generating active operational efficiencies before the end of 2026, further solidifying its leadership position in the rental housing sector and driving sustainable growth.
See More
Hexaware Partners with SmartRent for AI-Driven Transformation
- Enhanced Customer Experience: Hexaware will manage SmartRent's customer support from its Hyderabad delivery center, utilizing advanced Voice AI agents and intelligent orchestration to significantly improve customer satisfaction and service quality.
- Optimized Bill-to-Cash Platform: Hexaware will deploy its adaptive bill-to-cash solutions, organizing data and insights to enhance revenue operations outcomes and shorten days sales outstanding (DSO).
- Salesforce Revenue Cloud Advanced Implementation: Hexaware will transform SmartRent's lead-to-order process with Salesforce Revenue Cloud Advanced, achieving faster quote cycles and stronger pricing governance while providing a unified view of the revenue pipeline.
- Building a Modern Operating Model: Together, Hexaware and SmartRent are creating a modern operating model that integrates customer experience, revenue operations, and AI-driven business transformation into a single foundation for growth, thereby enhancing competitive advantage.
See More
SmartRent Launches Virtual Intercom System
- Significant Cost Savings: SmartRent's new Virtual Intercom system replaces traditional hardware with QR codes, expected to reduce hardware and installation costs by up to 85%, making visitor management more affordable for multi-building communities.
- Rapid Deployment Capability: The system requires no complex wiring or electrical installation, enabling quick deployment, allowing property operators to modernize visitor management in a short time and enhance the experience for residents and guests.
- Deep Integration Management: The Virtual Intercom system is deeply integrated with top property management software, ensuring smooth implementation and real-time access control, further enhancing efficiency and security in property management.
- Market Promotion Activity: SmartRent will showcase the system at the National Apartment Association conference from June 17-19, providing on-site experiences aimed at attracting more property operators to this innovative solution.
See More
SmartRent Launches Climate Protection Mode to Safeguard Assets
- Innovative Feature Launch: SmartRent has introduced its first-of-its-kind Climate Protection Mode, integrated into the Alloy SmartHome Hub+ and Alloy Fusion thermostats, aimed at proactively defending against major causes of property damage such as water, mold, and moisture.
- Market Demand Response: This technology addresses the need for property protection under extreme environmental conditions, marking SmartRent's leadership in smart community and operations solutions, and is expected to enhance customer satisfaction and market competitiveness.
- Asset Protection Mechanism: By engaging preset thresholds, this feature automatically activates during extreme temperature events, ensuring the safety of rental properties and thereby reducing potential repair costs and risks of property loss.
- Enhanced Industry Influence: This innovation not only increases the value of SmartRent's product portfolio but may also attract more investor attention, further driving the company's market share in the rental housing sector.
See More
