"This new feature will save our clients time at the bank since they won't have to wait for bank personnel to manually enter routing and account numbers for deposits,” explains Nathan Miller, President of Rentec Direct.
(PRWEB) July 08, 2016
Rentec Direct, the leading provider of property management software and tenant screening solutions, introduced a new feature to the cloud-based rental management program that reduces time spent completing bank deposits. Landlords and property managers can now print deposit slips directly from a Rentec Direct account that a bank can automatically scan.
Rentec Direct offers cloud-based property management software for customers worldwide who seek complete, professional and secure solutions for professional property managers and landlords.
Banks use a technology called MICR (magnetic ink character recognition) in the scanning devices that rely on a magnetic ink and specific font to read deposit slips and verify the legitimacy of the document. Additionally, the routing and account numbers must be printed in a precise place on the document in order for the scanner to read it correctly. Rentec Direct’s most recent update now supports MICR printing for bank deposit slips that can be automatically scanned at banks.
“Implementing this new feature will save our clients time at the bank since they won't have to wait for bank personnel to manually enter routing and account numbers for deposits,” explains Nathan Miller, President of Rentec Direct. “Additionally, the elimination of manual entry will reduce human error and make the process that much more efficient and reliable for our clients.”
Rentec Direct partnered with Nelco Solutions to offer clients deposit slip paper that is guaranteed to be compatible with the software. Since the banks scanners are looking for MICR numbers in a precise location, Rentec Direct ensures that the numbers are printed correctly for deposit slips.
To learn more about the robust accounting features and time saving capabilities of Rentec Direct’s rental management software, visit http://www.rentecdirect.com.
About Rentec Direct
Rentec Direct provides affordable property management software solutions to property managers and landlords. Other popular solutions offered by Rentec Direct include tenant ACH payment processing, tenant credit check services, and online syndication of vacancies to more than 20 popular websites.