A better way to pay - Plentific adds bank transfers to its payment solutions.
The Plentific platform's payment options are getting an upgrade, with a focus on adding more flexibility and speed to the user experience.
We are pleased to announce that we have partnered with Stripe, a market-leading online payments solution, to bring bank transfers to Plentific. Here's how this promises to streamline payments further.
A streamlined approach to payments forms the backbone of our vision, with a consistent focus on addressing sector-wide financial management challenges. Our existing payment solutions have long ensured that financial teams have a single source of truth for service provider invoices, with the ability to make secure and compliant payments with a clear audit trail.
Adding bank transfers to the mix now gives Plentific clients full control over work order payments, with no training or onboarding required for finance teams. Paying by bank transfer is available to all new and existing clients creating work orders.
Working seamlessly alongside direct debits, bank transfers will speed up payments processed on the platform. Both provide end-to-end visibility over the payment process, have thorough KYC checks in place and ensure faster cash flow reconciliation.
However, where direct debits require a brief set up process, migrating to bank transfers as a preferred payment method ensures clients automatically have their bank details generated by Stripe and stored securely.
Payments are executed faster with bank transfers: within 30 minutes or up to one business day at most, versus up to 3 days for direct debits.
Switching to bank transfers requires no configuration on the client side. Moreover, this payment method allows clients to pay one or multiple invoices simultaneously by consolidating multiple invoices into a single batch transfer.
To discover how our payments work and learn how to gain immediate financial oversight, visit our finance management page.
Plentific is a global proptech leader transforming how organisations manage residential and commercial property. Plentific seamlessly connects landlords, property managers, tenants and service providers through a single solution, empowering users with complete visibility of their housing stock, organisation and supply chain.
Plentific works with clients to optimise operations, reduce friction, improve tenant experiences, unlock additional revenue, and ensure regulatory compliance. Trusted by some of the most prominent landlords and property managers, Plentific services over 1 million properties through a growing network of specialist contractors.