A cloud-based payment solution for multifamily properties that processes resident payments and posts transactions directly to accounting records.
Vendor
ResMan
Company Website
The ResMan Payments solution is a payment processing system designed for multifamily residential properties. It enables residents to submit payments electronically while ensuring that transactions are accurately recorded within the property’s accounting system. The solution is tightly integrated with resident records, lease data, and general ledger structures. Its primary goal is to reduce manual payment handling, ensure correct posting, and maintain consistent financial records across properties.
Key Features
Electronic Payment Processing
Supports digital payment methods.
- Online resident payments
- Secure transaction handling
Automated Posting to Accounting
Links payments directly to financial records.
- Automatic ledger updates
- Reduced manual reconciliation
Resident Account Integration
Connects payments to resident profiles.
- Accurate balance tracking
- Payment history visibility
Transaction Tracking
Maintains detailed payment records.
- Payment status monitoring
- Audit-ready transaction logs
Portfolio-Level Payment Management
Supports multi-property operations.
- Standardized payment workflows
- Centralized financial oversight
Benefits
Improved Payment Accuracy
Reduces posting errors.
- Automated transaction handling
- Consistent account mapping
Operational Efficiency
Minimizes manual processing.
- Less staff time spent on payments
- Streamlined workflows
Faster Fund Availability
Improves payment turnaround.
- Electronic payment submission
- Reduced processing delays
Financial Transparency
Provides clear payment visibility.
- Complete payment histories
- Traceable transaction records
Scalability
Supports growing portfolios.
- Multi-property payment structures
- Centralized financial processes