OTM unveils free accounting functions on its lettings platform

Client accounting facility now included in OTM's lettings service at no additional cost to its member estate agencies.

OnTheMarket Software has announced the inclusion of client accounting functions in its TecLet lettings and management platform at no additional cost to users.

The new functionality will enable agents and property managers to manage their core client accounting functions from within the TecLet platform, and benefit from “significant productivity, automation and service improvements”.

Specific benefits include automated rent arrears management, monthly and annual statements made available in the tenant and landlord document centre, and Debt Respite Scheme legislation functionality.

The core client accounting facility has been provided by lettings client accounting business LettsPay.

LettsPay’s premium product, which includes individual client account wallets for each landlord, is also integrated within the TecLet platform. Users can opt to use other integrated client accounting providers within their OnTheMarket Software set up for an additional cost.

‘Major step’
Alan Blockley, OnTheMarket Software

Alan Blockley, of OnTheMarket Software, says: “The inclusion of client accounting functionality within the TecLet platform at no additional cost is a major step forward, and a huge ‘value add’ for agents and property managers as it provides core client accounting functionality as an included element within the existing TecLet subscription.”

OnTheMarket Group launched ‘OnTheMarket Software’, formerly known as ‘Teclet’ in September last year.

TecLet is an automated pre-tenancy and property management platform that provides a complete end-to-end offer.

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