Deluxe and MRI Software have come together in a strategic alliance that will improve property management payments. This alliance is geared towards providing safe and effective payment systems for property managers. In addition, it will simplify finances in real estate holdings.
The partnership integrates Deluxe’s payment capabilities into MRI Software’s platform. Consequently, the user is able to carry out all transactions using one system. In addition, the method makes the payment process more visible and less complicated to manage for the property team. Moreover, the improved property management payment solution facilitates electronic transactions, which enhances the processing speed and improves cash flow management.
“By integrating the Deluxe Payments Platform with MRI’s RentPayment software, we’re helping property managers streamline rent collection while delivering more choice and convenience for tenants and residents,” said Brian Mahony, President of Merchant Services at Deluxe.
Some of the benefits property management companies may enjoy from adopting the integrated system include:
- Quick payments, allowing same-day or even next-day payments, greatly improve the speed of the entire process.
- Simpler payment batching processes, leading to fewer deposits being made and a greater understanding of individual transactions.
- Better reporting capabilities and statements for easier reconciliation and fast ACH reporting.
- Easier self-service functionality with improved ACH traceability.
Streamlining Payments and Enhancing Financial Visibility
In addition, the company continues to expand its ecosystem with integrated financial tools. As a result, property managers have access to scalable property management payment solutions. However, both organizations seek to strengthen their security compliance and standards in their operations. This is in response to the emerging need for digitization within real estate financing. With time, integration will become more crucial in the field of property management. Overall, Deluxe and the company are contributing towards innovation in property management. Their partnership delivers modern property management payment solutions for a dynamic market.
“MRI already works with Deluxe through lockbox services that support real estate clients, and we’re excited to expand that relationship,” said Carla Hinson, VP of North America Solution and Innovation at MRI Software. “In selecting Deluxe as the processing partner for our RentPayment solution, not only are we laying the foundation for future growth, but we’re also focused on delivering convenient, easy payment experiences for residents and tenants by accelerating processing times, simplifying settlement workflows, and improving reporting and visibility.”
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News Source: Businesswire.com
