The Lettings Hub, a PropTech software for letting agents, has agreed a strategic partnership with banking and client accounting platform LettsPay.

This collaboration follows fast on the back of four additional integrations announced by The Lettings Hub throughout the summer and solidifies the firm’s bid to encourage more agents to use its tenancy management software platform.

LettsPay will provide agents with payment features directly within The Lettings Hub’s tenancy management software, BOX.

The 1,000 or so letting agents using BOX will be able to handle UK and overseas move-in monies, rent collection, invoicing, and payment tracking seamlessly, saving valuable time, and ensuring financial accuracy and compliance.

All payment products will be available through BOX on a pick and mix basis, meaning agencies can use it to handle all elements of their payment and client accounting needs, or for as little as just handling their holding deposit process, plus everything in between.

The first phase of the new product deployment, which was built with collaboration from the firm’s letting agency opinion group, is already live and available via BOX platform following nine months of planning and development behind the scenes with Lettspay.

LettsPay themselves recently announced a new client account banking service for letting agents and property managers, in partnership with Griffin Bank, that addresses the issues faced with both non-designated client accounts and client money protection scheme membership.

Heidi Shackell, CEO at The Lettings Hub, commented, “Our strategic partnership programme is proving to be transformational as we continue the rapid development of our unparalleled tech solution for letting agents.

“The importance of this latest collaboration announcement with LettsPay can’t be overstated, as the new offering is bringing genuinely innovative solutions that create seamless processing flows and increase client money compliance – all whilst significantly reducing administration time for letting agents.

“We’re not just thinking outside the box; BOX is in a league of its own and can now handle every stage of the tenancy lifecycle including deed of surrender, license to assign & renewals. It’s also fully Rent Reform ready, leading the industry into a new era of innovation.”

Garrett Foxton, founder of LettsPay, added: “The integration of LettsPay into BOX offers Lettings Hub clients an industry leading payment and client accounting solution that will streamline their operations, enhance efficiency and future proof their compliance with client money regulations.

“This will be a game-changer for The Lettings Hub agents; by eliminating hours of unnecessary and tedious admin, agents will be able to focus on genuine business development activities which will positively impact their bottom-line.”

In addition to their collaboration with LettsPay, The Lettings Hub recently announced BOX integrations with Reapit, Rent Guarantor, Home Telecom and Tawk Live Chat, bringing the number of products and services available via the platform to over Forty.

MARC DA SILVA - Property Industry Eye

https://propertyindustryeye.com/new-proptech-partnership-to-offer-agents-enhanced-client-accounting-service/