Yardi and Snappt Innovate Anti-Fraud Solutions for Renters
Yardi and Snappt Collaborate for Enhanced Fraud Solutions
In a significant move aimed at bolstering the security of small businesses, Yardi has announced a partnership with Snappt to incorporate advanced anti-fraud technology into its systems. This collaboration is designed to help property managers navigate the challenges posed by fraudulent applications and identity theft, a pressing issue in today's rental market.
Transforming Rental Security with Document Authentication
This partnership introduces the ScreeningWorks Pro Document Authentication, which is powered by Snappt's innovative technology. By merging Snappt's capabilities with Yardi Breeze, a user-friendly platform for independent rental owners and mid-sized property management companies, manual verification processes will be streamlined. This transition promises to save users time while enhancing their ability to quickly detect fraudulent documents.
The Importance of Fraud Detection
With an increase in fraudulent activities targeting property managers, the integration of Yardi Breeze and Snappt is timely. The new solution allows property managers to protect their assets more effectively by employing state-of-the-art technology designed to identify suspicious applications. Through this partnership, both companies aim to provide a comprehensive solution that addresses the pressing need for better fraud detection in rental transactions.
Management Insights on the Partnership
According to Kyle Nelson, Vice President of Corporate Strategy at Snappt, this partnership will significantly expand their reach among property managers. He emphasized the importance of having robust technology to verify applications and protect property interests. As fraudulent activities become more sophisticated, it is critical that property management teams have access to cutting-edge tools to safeguard their operations.
Benefits of the New Integration
The integration of Snappt’s fraud detection technology into Yardi Breeze is set to offer numerous benefits to users. Chris Ulep, Vice President at Yardi Breeze, expressed enthusiasm about how this solution would enhance the tools available for property managers, thus reducing risk and creating a seamless application process for both managers and prospective tenants.
About Yardi
Yardi is a renowned provider of comprehensive software solutions tailored for real estate companies of all sizes globally. With a dedicated workforce of over 9,500 employees, the company is committed to fostering innovation across the real estate sector. Yardi's mission is focused on preparing businesses for future challenges through technological advancements that enhance operational efficiency.
About Snappt
Snappt has earned its reputation as a leader in applicant fraud detection and income verification for multi-family property managers. Since its establishment, the company has excelled in identifying minute alterations in documents, thereby allowing leasing teams to act decisively to mitigate risks associated with bad debt and evictions. Snappt has analyzed over 10 million documents, boasting an impressive accuracy rate, making it a trusted resource for property management professionals.
Media Contact Information
For media inquiries, please contact Turner Levison at Yardi Systems, Inc. at (678) 642-7532.
Frequently Asked Questions
What is the main benefit of the partnership between Yardi and Snappt?
The partnership allows for enhanced fraud detection capabilities, integrating Snappt's technology into Yardi Breeze to streamline the verification process for property managers.
Why is fraud detection important in property management?
Fraud detection is crucial as it prevents financial losses and protects property managers from fraudulent applications and identity theft.
How does ScreeningWorks Pro Document Authentication work?
This technology analyzes submitted documents for verification, helping property managers easily identify fraudulent attempts and maintain compliance.
Is there any recent achievement by Snappt?
Yes, Snappt was recently ranked #1 in AI on the Inc 5000 list for its innovative approach to fraud detection.
What should users expect from the integration of Snappt into Yardi services?
Users can expect improved operational efficiency, better risk management, and a more streamlined application and verification process.
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