PayLease, a leading provider of electronic rent payments for the property management industry, today announced the release of a check scanning solution for its property management clients. PayLease’s check scanning solution instantly converts all paper checks and money orders into electronic transactions. This conversion significantly improves the collection of rent or HOA dues for property managers. The product is the first check scanning solution on the market to eliminate all of the pain points property managers face when processing paper checks. Some features of the PayLease check scanning solution include integration with accounting software, real-time recognition of bad images, and compatibility with most major scanners.
Converting checks into electronic transactions speeds funding time by eliminating trips to the bank and reducing float time between receiving and depositing the payment. Property managers also save time and increase productivity through the elimination of manual data entry and errors.
“Our check scanning solution will transform the day-to-day duties of property managers,” said Ben Truehart, Director of Marketing and Product Management at PayLease. “Many firms still receive the majority of their resident payments in the form of a check. Completely eliminating the burdens associated with manual payment processing will allow property managers to focus on more important activities like leasing. Our check scanning solution has more functionality than any other offering available to property management companies and we are confident it will greatly improve efficiency for our clients,” he added.
PayLease (www.paylease.com), is a leading electronic payments provider for the property management industry, specifically targeting the multifamily, single family, HOA and commercial markets. PayLease provides property managers the ability to accept and manage rent payments and HOA payments through a secure online interface. With PayLease, residents are able to pay their property manager using an E-check or with a credit card. Since its inception in 2003, PayLease has grown to serve thousands of property management companies nationwide and is among the fastest growing technology companies in the United States.