Console Group have announced the introduction of Console Pay as a new capability in their flagship property management and trust accounting software, Console Gateway.
Console Pay powered Ezidebit, is now officially the first fully-integrated payment solution on the market.
The integration provides full visibility of payment information and the ability to manage changes to payment schedules, such as rent increases, directly in Console Gateway. This is in addition to automated receipting, which reduces rent receipting to just 5 minutes.
Differentiating Console from other solutions are auto-workflow prompts to ensure payment schedules are in line with lease changes and the ability to work with any bank’s trust account. And the capability is now available as part of a customer’s Console Gateway subscription, only requiring compliance paperwork to be completed.
Of this new, industry-first achievement, Matt McGown, Chief Product Officer of Console Group said, “We’re really excited to now say that we have the first fully-integrated payment solution in the market.”
“An integrated direct debit payment capability reduces daily administrative tasks for property managers significantly, with streamlined and simple automation. With less time spent on administrative tasks, property managers can now focus on building stronger relationships with their stakeholders and growing the business”
Rob Baird, Sales Director at Ezidebit said, “This is a huge milestone for Ezidebit, and we’re thrilled to be able to partner with Console and use technology to help the lives of property managers, and the real estate industry as a whole. ”
Ezidebit boasts bank-level security; with Level 1 PCI DSS compliance, so tenants can be reassured their payments are secure.
Mr McGown also pointed out that it is estimated, that in Australia and New Zealand a combined $82B is paid in rent each year. A large research project conducted by Console uncovered that managing arrears and late payments is a key concern for property owners, with 30% of property owners having experienced problems with receiving rent on time. “With Console Pay our clients can alleviate this concern for their owners”.
“Console Pay has been built to put the Property Manager in control of collecting rent payments by, offering integrated direct debit capability within the Console Gateway software our clients know and love.”
For more information visit console.link/CPay