Traditional payment platforms can be slow, inefficient, and prone to errors. Did you know that in the US, check processing costs property management companies an average of $2.48 per check? Additionally, collecting payments through checks or cash can be time-consuming, requiring property managers to manually register each payment, leading to a higher risk of errors. We don’t mean to burst your bubble, but as a property manager, you understand the challenges of managing condos, and one of the biggest is collecting maintenance fees.
And that’s not all. Traditional payment methods can be vulnerable to fraud and theft. In fact, according to the 2020 Association for Financial Professionals Payments Fraud and Control Survey, 74% of organizations experienced check fraud. This creates a significant risk for property managers and residents, who may lose money as a result of sketchy activities.
This is where ONR comes in as a solution. Our top-level digital platform provides an innovative online maintenance payment platform that solves these challenges and offers numerous benefits for property managers and residents alike.
Why pick us? An innovative online maintenance payment platform
Convenient and easy to use
Convenient and easy to useWith the rise of digital technology, a significant percentage of the population now relies on mobile devices for various tasks. There are approximately 7 billion people worldwide using smartphones, a number that is expected to increase in the coming years. This highlights the importance of adapting to modern lifestyles by offering an accessible and user-friendly online platform. ONR can be accessed anytime and anywhere, allowing users to complete transactions with just a few clicks or taps, making their lives easier and saving them time and effort.
Increased security
In a world where cyber threats are a growing concern, ensuring the security of online transactions is paramount. ONR’s platform employs advanced encryption technologies, multi-factor authentication, and regular security updates to protect user data and prevent unauthorized access. According to Statista, in 2021, the global cybersecurity market was valued at over $156 billion, illustrating the significance of investing in robust security measures for online services.
Improved record-keeping
An automated record-keeping system not only eliminates human error but also saves time and effort for property managers. In 2021, the global property management market was valued at around $15.3 billion, with projections of significant growth in the future. As the industry expands, the need for efficient and accurate record-keeping systems becomes increasingly important. ONR’s platform ensures that all transactions are recorded in real-time, making it easy for property managers to access and analyze financial data, helping them make informed decisions.
Faster processing times
In 2020, the global digital payments market was valued at approximately $5.44 trillion, emphasizing the growing preference for fast and efficient online transactions. The speed and efficiency of online payments have revolutionized various industries. ONR’s online maintenance payment platform follows this trend by processing transactions in a matter of seconds (compared to traditional methods that can take days or even weeks) allowing property managers to access funds more quickly, enabling them to efficiently allocate resources and manage their properties.
Enhanced transparency and accountability
As a property owner or manager, it can be challenging to keep track of all financial transactions and ensure that they are conducted transparently. ONR’s platform provides a comprehensive view of all transactions, including maintenance payments, invoices, and other financial records. This feature ensures that property managers can easily identify any discrepancies, make informed decisions, and maintain accountability, which is crucial for building trust with tenants and property owners. The increased transparency also reduces the risk of fraud and financial mismanagement, which can be costly and damaging to a company’s reputation.
Switching to an online maintenance payment platform offers numerous benefits for property managers and residents; by using ONR’s platform, property managers can simplify their maintenance payment process and reduce the risk of errors and fraud. Join the thousands of property managers who have already made the switch to ONR!