Goodlord collaborates and innovates
Tenant referencing company, Goodlord, has enhanced its partnership services and launched a new product that will benefit both tenants and agents.
The first is a collaboration with Paymentshield to deliver an embedded, automatic insurance journey to tenants for the first time.
The development, powered by an API technology integration, means that Goodlord can now directly offer Paymentshield’s tenants’ contents insurance and tenants’ liability insurance through its own rental platform.
The lettings platform will generate an insurance quote almost immediately, by automatically filling out the insurance form with information that has already been provided as part of the referencing process.
Oli Sherlock, Director of Insurance at Goodlord, adds: “The combination of our unique Goodlord platform and Paymentshield’s embedded insurance offering is just the latest step on the journey towards ensuring tenants can access the insurance cover they need, in the most seamless way possible.”
The company has also launched a new accounting tool which is set to save letting agents up to a day every week in admin time. The Lettings Accounts product will allow agents to collect and reconcile rent, automatically generate invoices, make payments to landlords and contractors in one click, send remittances, create statements, and set up individual e-money accounts per property – tying together the whole payments process. For an agent looking after 100 tenancies, it’s estimated that the technology will save them eight hours a week in time spent on accounting admin.
This is the company’s first major move into the accounting space and makes Goodlord the only provider to offer a fully integrated, end-to-end offering for tenancy progression and accounts flow.
