Yardi COLLECTplus is a full-service, automated rent collection solution that eliminates the costly, manual processes associated with traditional accounts receivable. COLLECTplus combines innovative technology with state of the art processing to convert paper payment methods into electronic transactions. Streamlining collections and outsourcing the handling of paper payments helps reduce operational costs and increase long-term portfolio valuation. Providing flexible payment options promotes on-time rent payments that maximize your cash flow, and improves overall tenant satisfaction.
Key Features
Converts paper-based payments into streamlined electronic transactions
Provides online review and posting dashboard
Deposits lockbox payments into any account
Eliminates manual, error-prone handling of payments
Provides coupon and correspondence matching to tenant and dollars
Reduces non-recoverable operating expenses
Accelerates funds availability with same-day electronic deposits
Supports recurring ACH with varying monthly totals due
Provides real-time access to transaction data
Facilitates two-way synchronization with CTI, JD Edwards, MRI, and other systems
Provides SAS-70 Certified facilities and a Sarbanes-Oxley compliant process
Yardi COLLECTplus processes over six billion dollars in collections for over 6,000 users across the most respected real estate companies in the world including AMB, Cammeby’s International, Glenborough Realty Trust, ING Real Estate, Legacy Partners, Principle Financial Group, The Rockefeller Group, and Transwestern Commercial Services.
Full-Service Scanning
Payments are sent to a secure Yardi lockbox processing center, where they are promptly scanned and electronically deposited into designated accounts.
Online Review Workflow
Transactions are color coded for quick review, resolution, and posting:
Green = Match — Resident account and amount due.
Yellow = Partial Match — Requires review.
Red = No match found.
COLLECTplus Dashboard
Shows all payment batches and alerts you to those that require attention. From the dashboard, you can easily create receipt batches and post to the general ledger.
Priority Payment Sequence
If you use Yardi Voyager, COLLECTplus applies your Voyager rules for resident payments, so outstanding charges are paid in the order of priority you specify.
Permanent Image Storage
For Voyager clients, scanned check images are stored in the Voyager database and are readily accessible for future review — no need for photocopies or file cabinets.
Auto-delivery to Financial Institution
Scanned checks become electronic receipts, which are converted to X9 files and sent to your bank daily.
