Yorlet has announced the launch of its industry-first digital payments processing platform, as it seeks to digitise the UK’s £85 billion rental market.
Under development for three years, Yorlet streamlines the payments process. Its APIdriven platform can schedule all recurring payments, including holding deposits and move-in monies, accepting payment via cards and bank transfer. This removes the need for manual reconciliation, automates accounts processes and compliance work, and frees up time that would otherwise be spent on admin. Max Cartwright, MD said, “By using Yorlet for payments, our clients are seeing their rental arrears fall by as much as 80 per cent due to our auto-recollection, and are saving hours on manual reconciliation.”
Customers are able to ‘pick and mix’ which features of the system they want to incorporate across the Leasing, Billing and Owners products.