Cashing cheques is a time-consuming part of a property manager’s job: instead of driving to a bank branch or ATM multiple times a week, they’d rather spend the time on higher payoff activities, like showing apartments to prospective tenants.
An RDC application or a cheque processing function built into a dedicated property management software suite can improve this situation dramatically, by allowing to cash cheques without missing a step, while saving precious time and fuel.
Maximum Cash Flow with Minimum Investment
A surprising percentage of renters still prefer to pay by paper cheque! Remote deposit is the most efficient way for property managers to streamline their processing and maximize the return on investment. By using a specialized software suite and an affordable and efficient Panini cheque scanner, you will no longer need to make bank runs to deposit your client’s funds: your Accounts Receivables will have them available almost immediately, while you are freeing up time and resources to focus on your communities.
Benefits to utilising our cheque scanners
Today any Property Management firm can take advantage of electronically depositing their cheques right from each rental office, with conveniences and benefits probably more far-reaching than they can anticipate:
- Deposit funds the same day to maximise cash flow
- Eliminate costs associated with bank runs and lost cheques
- Enjoy an extended deposit cutoff time
- Reduce manual handling and errors
- Avoid deposit slips and photocopies
- Make reporting easier
Last but not least, the need to have a branch or ATM close to each of your offices becomes a thing of the past: remote deposit eliminates geographic constraints and gives you an opportunity to terminate any banking relationships which were only motivated by proximity.
Streamline your rent processing and reduce associated costs!