Case Study: Ray White Cabramatta streamlines payments and reconciliation with SimpleRent

Ray White Cabramatta saves $1,440 a year with SimpleRent

Ray White Cabramatta, a real estate agency in New South Wales, faced significant challenges with its manual bank reconciliation process. Relying on direct payments from tenants led to frequent errors as tenants often failed to provide correct reference codes, making it difficult to track and verify transactions and causing their accounting records to be out of sync. They needed a property payment system to automate rent collection and reconciliation.

SimpleRent implemented its end-to-end payment automation software to streamline the agency's processes. The solution automated bank reconciliation, eliminating manual errors and saving the agency $1,440 annually on paper for water bills by switching to digital reminders. Furthermore, SimpleRent's auto-follow-up feature recovered 100% of failed payments without manual intervention, significantly reducing rent arrears.

Ray White Cabramatta