Collections
Let transfers match the right apartment on their own
Transactions on your building account appear in the app. The system suggests who paid which debt, and you approve.
Available on the web, Android and iOS apps.
Problem
Reading the statement line by line
Residents forget to put the apartment number in the transfer description, pay on someone else’s behalf, or send two months at once. Opening the statement every month, working out whose money is whose and entering each one takes hours.
How does it work?
- 1
Connect your account
Permission to read account transactions is obtained from your bank. Setup is done with your bank’s approval; the system does not send money, it only reads transactions.
- 2
Transactions arrive, suggestions appear
Each incoming transfer is matched to an open debt using the amount, IBAN, the apartment in the description and the sender’s name, then presented to you as a suggestion.
- 3
Approve and it is posted to dues
When you approve a suggestion, the payment is posted to that apartment’s dues and shows as paid on the resident’s screen.
What can you do?
Remembers the payer
If a person paid for a certain apartment in previous months, that apartment is highlighted for their new transfer.
Categorizes expenses too
For payments leaving the account, a suitable expense category is suggested.
Balance comparison
The bank balance and the balance of the records in the app are shown side by side, so you notice a difference right away.
The final say is yours
Uncertain matches wait for your approval. If you wish, you can turn on automatic posting for exact matches.
Notifications
The manager is notified when new transactions arrive and when pending matches pile up.
Frequently asked questions
Can the system send money from my bank account?
No. The connection only reads account transactions. It cannot make money transfers.
Which banks are supported?
You can see the list of supported banks on the setup screen. If your bank is on the list, you start the application from within the app.
What happens if the apartment is not written in the description?
The system suggests an apartment by looking at the sender’s name, IBAN and earlier payments. If it cannot be sure, the transaction waits for your approval and you choose the apartment.
How long does setup take?
The timing depends on your bank’s approval process. After you apply, you can follow the steps from within the app. Bank connection is included in every plan at no extra charge; you can see the terms on the application screen.
Ready to try it in your building?
Create your account, add your site and apartments, and try the features with your own data.