Property technology platform Teclet, part of Glanty, which is now owned by number three British real estate portal OnTheMarket.com will provide an automated lettings product that integrates property maintenance and rental payments products.

Using automated payment and reconciliation platform PayProp the new product provides what Teclet says is “the final piece in the puzzle” in automating the lettings management process.

Teclet says customers will benefit from automated payments, bank integration, automated reconciliation, rent arrears management, open banking, and be able to choose from multiple payment options.

“The seamless integration with PayProp is the latest step in providing Teclet’s clients with even greater automation through best-in-class providers,” said John Evans, teclet commercial director.

“We had already announced our partnership and integration with Fixflo Pro on property maintenance, and this latest integration now provides complete end-to-end and ongoing automation of the lettings and management process – we feel it is a real game changer for the industry.

“Using our modular solutions to their maximum, letting agents can now automate over 80% of the lettings, accounting and management process, increasing productivity and compliance and raising the bar in terms of consumer engagement and service.”

OnTheMarket.com completed its acquisition of Glanty, which Teclet, an online portal for real estate rentals is part of, in June by exercising its option to buy its remaining shares after initially acquiring 20% of the business in December 2019.

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