A joint integration between PropTech suppliers PropCo and The Depositary claims to produce an end result that slashes end-of-tenancy admin time by 80 per cent and cuts deposit return time to just 14 days. 

“Since launching two years ago, we’ve been on a mission to reduce agency admin time, speed up deposit refunds and deliver a seamless tenancy conclusion eco-system. Key to that was always agents’ core systems and it’s exciting to have achieved that with a market leader in the UK letting agency systems market” says Depositary co-founder Kristjan Byfield.

This is The Depositary’s first CRM integration project.

PropCo Enterprise says it reconciles over £3 billion in transactions a year and its subscribers manage around 17 per cent of UK agency-managed rentals. 

“We’ve worked closely with Kristjan and his colleagues at The Depositary to deliver PropTech which absolutely makes a difference and brings further improvement to the rental experience, so this has been an incredibly rewarding project for us” explains Mark Howlett of Technology Blueprint, the PropCo developer.