Collections are a key element of operational performance that can keep property managers up at night. Since cash flow is the lifeblood of the portfolio, day-to-day success in collections can help increase long-term valuation. Flexible payment options promote on-time rent payments and improve overall tenant satisfaction.
How COLLECT creates value for real estate:
• Provides real-time, enterprise-wide cash management
• Accelerates funds availability:
- Direct deposit into property operating accounts
- Eliminates need for local bank accounts
- Same day deposit and availability for lockbox
- 24-48 Hour funds availability for credit card and ACH
- Supports deposits into any bank account at any bank
• Eliminates local bank accounts and associated overhead
• Reduces in-house collection processing overhead:
- Automatically identifies tenants / residents
- Offers user-defined processing criteria (Business Rules)
- Automates handling of legal and exception processing
- Automatically synchronizes with your PM accounting systems
• A/R personnel reduction
• Saves property managers time
• Delivers immediate ROI
• Low cost of entry, no major capital investment required
• Minimal impact to existing business models
• Built for real estate
• Converts payment data into electronic format immediately upon receipt
• Fully integrated with industry accounting systems
• Rapid ramp-up
• Costs decrease as your volume grows
• Online access to collection data and images
• Improves tenant / resident convenience
• Flexible pricing model accommodates pass-thru of charges to client/tenant |