US Dataworks proves the extensibility of the Clearingworks – NextGen Receivables solution by delivering an App designed specifically for Property Management Companies and Home Owners’ Associations (HOAs). Property Management companies are faced with many challenges when it comes to payment processing. A large percentage of payments to property management companies are checks that are either mailed or hand delivered to the office. Often times these payments do not have any remittance document or information other than the payee name to identify how the payment should be applied.
The Property Management App solves this problem, as well as stop file management, ability to identify the property based on history, automate deposits to multiple banks/accounts, consolidate field deposits and receive real-time reporting of deposits by property name/ID. The Property Management App can be added to your NextGen Receivables solution with a simple annual upgrade fee. Or it can run as a stand alone App in your current receivable automation environment.