Alarm Company Software

Need Cash? How Your RMR Can Be a Lifeline

In the alarm business, you know that cash flow is everything. Maybe your truck’s on its last leg, or you need some new tools to keep things moving. Or maybe you’re starting to think about selling your business one day. Whatever the reason, your recurring monthly revenue (RMR) is the key to unlocking that cash when you need it. Here’s why keeping good track of your RMR—and all the info around it—is the smartest thing you can do to set yourself up for success.

RMR: Your Built-In Cash Machine  

In the alarm industry, there’s a unique perk we’ve got that not everyone thinks about: when you need quick cash, you can sell off accounts. Those accounts with RMR bring in steady money every month, which makes them valuable. And when you’re tracking all your accounts, contracts, and costs in one place, like WorkHorse, it’s even easier. You know what you have, you know what it’s worth, and that means you can get a deal done fast—sometimes in as little as two weeks.

Imagine this: you’re thinking about a new vehicle, or maybe you need funds to grow your business. With solid RMR records, you can sell a handful of accounts and have cash ready to go. This is possible because anyone looking to buy accounts or even your whole business will see the clear, reliable numbers on each account, and they’ll know exactly what they’re getting.

Need Cash? How Your RMR Can Be a Lifeline

Why RMR is the Real Deal When Selling Your Business  

Here’s the big picture: when you’re ready to retire or move on, the first thing a buyer is going to look at is your RMR. This is what puts value on your business because it shows the income that will keep coming in every month. Good RMR tracking means you’re not just hoping for a fair price; you’re setting yourself up to get it.

When you’ve got WorkHorse, all the details a buyer needs are right there in one place:

  • Accounts and Contracts: No hunting around. A buyer can see every account and every contract, including how much each one’s worth.
  • Third-Party Costs and Terms: Clear costs and terms make it simple for a buyer to understand expenses.
  • Central Station Info: Every Account, Zone, Emergency Contact and more is right there.
  • Attrition: Check and track your attrition and compare that against your Central Station and Communication Partner Billing.

When a buyer can see this info in one place, they’re willing to pay more because they can trust the numbers. And because WorkHorse is built specifically for the alarm industry, we know what a buyer wants to see. We can even help with a smooth transition, either by moving your data to their system or helping them take over your WorkHorse setup. The result? You get top dollar, and the buyer gets a seamless switch.

Having Good Data Matters  

Good RMR records mean options. Whether you’re selling accounts to raise cash or selling the whole business, your value is in those records. At WorkHorse, we’re here to make it easy to keep everything in one spot so you can focus on running the business.In short, keep track of your RMR and set yourself up for a solid future. And when the time comes, you’ll be glad you did.