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Leading payment solutions provider, Netcash, has partnered with WeconnectU, a provider of end-to-end, cloud-based property management software, to integrate its Community Management Solution with the Netcash payments platform.
By partnering with Netcash, WeconnectU is creating the ultimate property management ecosystem that enables property managers to achieve greater efficiency in a usually cumbersome workflow.
The integration of Netcash with WeconnectU removes the manual admin for managing agents typically related to debit order collections of levies. Property managers tasked with body corporate and homeowner’s association management can now set up recurring debit order collections through the Netcash integration with the financial module on WeconnectU’s Community Management Solution. By creating this workflow efficiency, automated debit order processing is possible, saving property managers valuable time and resources.
WeconnectU clients with a Netcash account linked to their communities can create debit order batched transactions with single submission into the Netcash module, as well as reconcile and analyse collections using Netcash’s extensive reporting and comprehensive statements, which automatically updates within WeconnectU’s system. Manually submitting batch files and manual reconciliation of collections is now a thing of the past.
In addition, Netcash’s bank account validation function benefits property managers by removing the frustration of unnecessary last-minute rejections when processing payments. This partnership also includes some exciting future payment integrations and options that WeconnectU clients can offer owners in sectional title schemes and homeowner’s associations. These include instant EFT, bank EFT, card payments and QR code payments.
Commenting on the Netcash partnership, Danie van der Merwe, director at WeconnectU, says:
Our Community Management Solution was developed to enable property managers to overcome their greatest challenges: compliance, manageability, scalability and profitability. By automating levy collections via debit order, we are addressing some of the major pain points faced by managing agents by adding value through better cash flow management, offering convenient payment options, and minimising levies in arrears.
Charles Pittaway, MD at Netcash, adds:
With more than 400 000 units managed on its cloud-based platforms, WeconnectU is a leader in its market. We are pleased to partner with WeconnectU in line with our strategy to offer solutions that resolve payments and administration headaches across every industry. By enabling property managers to easily track payments and to make it easy for property owners to pay their levies, the Netcash integration will help to simplify administration and reduce time spent chasing arrears payments. It will save many hours a month for property managers, especially those with larger portfolios.
Established in 2003, Netcash is a payment solutions provider delivering debit orders, salary and creditor payments, Pay Now, eCommerce, and risk report services to South African businesses and organisations. The company provides multiple innovative and integrated online payment solutions that are efficient, simple, and cost efficient. Netcash is registered with the FSCA, PASA and is PCI DSS Level 1 compliant.