With the ongoing uncertainty of the economic environment, most people, including vacation rental management companies, are looking for new and innovative ways to save and be more efficient. Whether it is saving on time management for your staff, saving money by spending less, or even saving the environment, ‘save’ has become a part of every day vocabulary and practice.
Have you ever estimated the cost to produce your monthly owner statements? Instant Software did a study to see just how much you can save by switching from your manual process to using ACH. This study is based on a vacation rental management company with 100 properties that purchases ACH versus manually processing.
Estimated Miscellaneous Expenses of Manual Process for One Month/100 Properties
• Postage = $44.00
• Checks = $20.00
• Paper/Envelopes/Printing = $10.00
• Employee Time = $20.00
• Total Estimated Cost per Month = $94.00
However, you may find that you may need to spend in order to save. It is time to consider new ways your vacation rental management company can save money, time and resources with solutions to help you get there. Entech and PropertyPlus’ Direct Deposit (ACH) module has proven to be a success for many companies, and continues to be a module that has a guaranteed return on investment.
“We are so excited, as the best enhancement we have purchased from Instant Software is the Direct Deposit (ACH) for the Owners,” says Lisa Wheeler from American Realty. “They enjoy the ‘no delay’ in mailing their statements and proceeds.”
Cost for ACH (Direct Deposit) for 100 Properties
• PropertyPlus: $1,000 (one time) plus an increase in support of $180 = $1,180
• Entech: $1,000 (one time) plus an increase in support of $160 = $1,160
In the upwards of $1,160 to $1,180 for 100 properties, ACH may seem like a more of an upfront cost than you are willing or budgeted to spend. However, let’s consider the long-term and weigh out the benefits in using ACH.
First, you see a return of investment after just one year, if not a shorter time period depending on your miscellaneous expenses. In addition, you free up your staff time from printing, stuffing and mailing, as ACH allows you take the labor-intensive process out of the equation. Use this time to better service your guests, find new ways to market your properties or less time on the clock. Lastly, eliminate the need for paper, which helps contribute in saving the environment.
“I highly recommend the Direct Deposit (ACH) for your business, as it is a virtually seamless process to use,” Wheeler said.
The Instant Software team is committed to providing solutions, such as ACH, to help you grow and manage your business more efficiently. To learn more about how your vacation rental management company can benefit by using the ACH module in Entech or PropertyPlus or for pricing, contact your Business Consultant at 866.PHONE.ISI (746.6347).