Paperless property reporting platform links up with ground-breaking paperless end-of-tenancy solution.
Press Release Statement:
Inventory Hive and The Depositary today unveiled their joint integration, which further enhances their partnerships with TDS. This new initiative will align market leading paperless reporting software with an unrivalled end-of-tenancy experience to drastically cut letting agent admin time, whilst better protecting tenants and landlords.
“Since launching just over four years ago we’ve been on a mission to make unnecessary disputes a thing of the past, whilst also pushing the boundaries of innovative features that make inventory reporting transparent and far more efficient,” says Richard Abbots, CEO at Inventory Hive. “This integration will allow check-out descriptions and photos captured via our App to be passed through to The Depositary effortlessly. This solves the age old admin headache of re-typing and double entry.”
“There are few things more thankless than the tenancy conclusion process. We built The Depositary to save agents time and stress whilst delivering a first class experience for their Tenants & Landlords. Our integration with Inventory Hive is another leap forwards in this regard – streamlining the process even further and removing the need for duplicated data entry and the risk of human error. This underlines our commitment to deliver a market-leading solution through powerful integrated partnerships. We estimate this integration will save an agent 15-20 minutes per tenancy on top of the 2 hours work we already save them.” says Kristjan Byfield of The Depositary.
The benefits of this integration include:
- Check-out descriptions and photos for items requiring deposit deductions automatically uploaded from Inventory Hive to The Depositary.
- Check-out report files transferred automatically from Inventory Hive to The Depositary – allowing tenants and landlords to review the information effortlessly.
- Check-out meter reading data and photos transferred automatically from Inventory Hive to The Depositary.
- Items requiring deductions automatically referenced from Inventory Hive to The Depositary for clear communication.
“We’re delighted to see two of our key partners linking up in this way. We know that inventories are key to reducing the numbers of deposit disputes. Allowing Inventory Hive to seamlessly to connect to The Depositary’s end of tenancy solutions will mean fewer disputes between landlords and tenants and a faster end of tenancy process” says Steve Harriott, Chief Executive of The Dispute Service.
About Inventory Hive
Inventory Hive has set-out their stall as a market leading property reporting platform with in-built paperless workflows. It’s designed to create the fairest and most efficient way of agreeing safety compliance, condition and cleanliness. From check-in inventories to check-outs and COVID-19 safe virtual visits in-between, these workflows are covered without the need for third-party electronic signature software.
In recent years, the platform has shown its thirst for innovation with the release of 360° camera integration with Ricoh Theta and Insta360 devices. This means photos can be captured and tagged into relevant rooms/spaces within a property direct from their App. Other achievements in recent years include the introduction image recognition AI for meter reading populating and integrated pre-arrival document serving.
About The Depositary
The Depositary is here to transform the ‘end-of-tenancy’ process for letting agents across the country by automating and systemising a heavily regulated, but thankless, task. Built by agents, for agents, the platform has an array of customisations allowing agents to work the way they want to – however delivers substantial time savings. We automate and streamline email communications, processes and negotiations reducing the man hours involved by over 80% whilst delivering a transparent, compliant digital process for tenants and landlords alike. What is more, our intuitive platform and tenancy dashboards give users and senior management complete oversight of transactions and their progress to date. Easy to use and incredibly attractive pricing make this a must-have for any agency, big or small, managing 100+ tenancies.
About The Dispute Service Ltd
The Dispute Service Ltd was established in 2003 to operate tenancy deposit schemes across the UK and to provide dispute resolution services and the company now operates TDS Insured, TDS Custodial, TDS Northern Ireland and provides key services for SafeDeposits Scotland. It protects c1.6m deposits and deals with 20,000 deposit disputes each year.
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