Improving efficiency and transparency with ledger automation

At the beginning of 2023, we introduced Rhino+ as an all-in-one digital platform for deposit management that streamlines the collecting, depositing, and returning of cash deposits. Since then, we have had over 40,000 units sign up to use Rhino+. We are excited to showcase one of our latest features, Ledger Automation, designed to increase efficiency and transparency for your leasing teams. 

As a property manager, you know that accounting processes can be tedious and time-consuming. Managing ledgers, handling charges, and depositing funds can take up a significant portion of your day, leaving you with less time to prioritize other essential tasks, like filling vacancies, processing applications, and maintaining properties. That's where Ledger Automation, our most powerful feature yet, comes in.

With Ledger Automation, manual accounting processes are replaced with automated ones, making them faster and more accurate. By eliminating manual data entry, Rhino+ can help you achieve seamless record-keeping to free up your time to focus on other important tasks. Here’s how it works: 

Integration with Existing Property Management System

Rhino+ can be integrated with your existing property management system. The integration will automatically update security deposit ledger entries and assist in streamlining the security deposit collection process and removing the need for your teams to input deposit ledger entries before move-in. 

Hands-off Ledger Management

Through this integration, we manage security deposit charges on the renter’s ledger at move-in and move-out. This means that accounting debits and credit entries are updated automatically, eliminating the need for manual data entry. This not only saves you time but also ensures greater accuracy and secure management of your financial data.

Standalone Solution

Rhino+ is a standalone Security Deposit solution. If you're looking for an update or are simply not satisfied with your existing processes, adding Ledger Automation to Rhino+ goes one step further into taking security deposit management off your plate completely. 

Overall, Rhino+ is a valuable tool for property managers looking to streamline manual processes and free up time for other important tasks. By automating your security deposit reporting, Rhino+ can save you time with accurate data management. If you're interested in seeing Rhino+ in action and experiencing its benefits firsthand, we encourage you to book time with us today. Take advantage of the opportunity to simplify your security deposit management and take your property management to the next level.

Lillian Hinkle

Lillian Hinkle is a Brand and Product Marketer at Rhino.