OnTheMarket PropTech tool praised for saving agents’ time

The Tenancy Deposit Scheme says teclet, a wholly owned subsidiary of OnTheMarket plc, has integrated with the TDS API - aimed to simplify the transfer of tenancy deposit data from a CRM database. 

TDS says that historically, this process has been a manual and time-consuming task for letting agents, creating a duplication of work and an opportunity for human error. 

By automating this process, the API reduces unnecessary administration for agents, allowing them to focus on their core business.

TDS says that the teclet automated portal supports letting agents in streamlining operations and is both a pre-tenancy and property management solution which also includes end-of-tenancy deposit management, the distribution of funds to parties, and debiting from the tenancy deposit. 

TDS chief executive Steve Harriott comments: “We understand how tiresome it can be for letting agents to duplicate administration data at the start of a tenancy. Through the development of TDS API, our tech team has ensured that the registration process is as streamlined as possible, to give agents and landlords an optimum start to their tenancies. 

“Our goal is to continue to make tenancy deposit protection as fast, secure and compliant as possible.”

And teclet chief executive Alan Blockley adds: “This is another example of how productivity and compliance can be improved to everyone’s benefit with huge reductions in time by not duplicating data entry.” 

The TDS API is a feature that is available to all TDS agent members in both the Custodial and Insured schemes, as well as clients of teclet.