Case Study: The Depositary accelerates deposit refunds with Sprint Innovations

The Depositary returns deposits 33% faster with Sprint Innovations

The Depositary, a lettings and tenancy company, faced challenges with the increasingly complex and time-consuming process of managing end-of-tenancy deposits and legislation. To address this, they partnered with vendor Sprint Innovations to develop a custom automation solution.

Sprint Innovations implemented a pioneering SaaS platform that streamlined the entire process from tenancy notice to deposit refund. The solution significantly reduced letting agent admin time from several hours to just 10-15 minutes and enabled deposits to be returned 33% faster. For an average branch, the platform saved around 450 working hours per year and reduced in-house administration by approximately 75%.

The Depositary