New feature built into Rentec Direct's software platform automates and simplifies accounting for real estate professionals
GRANTS PASS, Ore., June 28, 2022 /PRNewswire-PRWeb/ -- Rentec Direct, the industry-leading property management software company, has added a new Vendor Online Payment tool to its software platform to further automate and streamline workflow for real estate professionals. The updated, built-in feature gives Rentec Direct clients the ability to electronically transfer payments to vendors, eliminating the need for mailing paper checks. Property managers and landlords can save valuable time and money while eliminating a manual step from the vendor payment process.
"The mission we are always working toward as a software company is to save landlords and property managers time and money," said Nathan Miller, Founder and President of Rentec Direct. "Every choice we make is in the best interest of our clients with the goal to increase efficiencies and streamline daily operations. Our client support and development teams work hand in hand to translate direct customer feedback and requests into new features and software enhancements like this new vendor payment tool. We hope this will make the job easier for many of our busy clients working tirelessly to grow their rental businesses."
The Vendor ACH Payment tool will use Rentec Direct clients' merchant accounts to transfer funds directly to a vendor's bank account. After users set up the appropriate vendor profiles to receive ACH payments within the software platform, funds are sent electronically, the ledger is updated and vendors are notified by an automated email. Depending on the ACH processing time at the receiving financial institution, most payments will arrive in the vendor's bank account within two business days.
In today's digital age, electronic payments have become a necessary part of day to day business. Mailing cash or checks can be inconvenient and unreliable. Electronic payments eliminate many barriers for both real estate professionals and their vendors.
To learn more about Rentec Direct's latest feature, visit: https://www.rentecdirect.com/blog/feature-update-vendor-ach-payment-processing-made-easy/.
About Rentec Direct
Rentec Direct offers industry-leading property management software and tenant screening solutions for real estate professionals. Features include online rent payments, tenant and owner portals, one of the industry's largest vacancy listing syndication networks, full property, tenant, and owner accounting, 1099-MISC reporting and more. Rentec Direct was recognized as Real Estate Company of the Year in the 2022 American Business Awards®, named a SaaS Company of the Year in the 2022 American Best in Business Awards, was named one of the Most Customer Friendly Companies of the Year in the 2021 Best in Biz Awards, has been named to the Inc. 5000 List of Fastest-Growing Private Companies for five years in a row. http://www.rentecdirect.com
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Media Contact
Brentnie Daggett, Rentec Direct, 5414509935, [email protected]
SOURCE Rentec Direct
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