Property Co
"Bric's advanced banking features have transformed our financial operations. We're saving hours each week while ensuring full compliance with client money protection regulations."
Sarah Thompson
Finance Director, Property Co
The Challenge
Property Co is a leading residential letting agency in London, managing over 350 properties. As their business grew, they faced increasing challenges with financial management and compliance:
- Time-consuming manual reconciliation of client accounts
- Ensuring compliance with strict client money protection regulations
- Difficulty tracking and allocating payments across multiple properties
- Risk of human error in financial management processes
The Solution
Property Co implemented Bric's platform with a focus on its advanced banking features. Here's how Bric addressed their challenges:
Advanced Banking Integration
Seamless connection with banking systems for real-time transaction monitoring and reconciliation.
Client Money Protection
Built-in safeguards and compliance features to ensure adherence to client money protection regulations.
Automated Reconciliation
Intelligent matching of incoming payments to the correct properties and landlords.
Audit Trail & Reporting
Comprehensive audit trails and financial reporting for transparency and compliance.
The Results
Reduction in time spent on financial reconciliation
Compliance with client money protection regulations
Decrease in payment allocation errors
Weekly time savings for the finance team
With Bric's advanced banking features, Property Co has not only ensured full compliance with client money protection regulations but has also significantly improved their operational efficiency, allowing their finance team to focus on strategic initiatives rather than manual reconciliation.
Implementation Journey
Onboarding
The Bric team worked closely with Property Co to understand their specific financial workflows and compliance requirements.
Integration
Bric's platform was seamlessly integrated with Property Co's banking systems, ensuring real-time data flow.
Optimization
Continuous refinement of processes led to further efficiency gains and a fully compliant financial system.
Ready to transform your financial operations?
Discover how Bric can help your property management business ensure compliance while saving valuable time.