Tenant deposits are often still managed manually, which is not only inefficient, but also risky. It is important to ensure that deposits are invested and managed correctly, both in view of regulatory requirements and with regard to the management of tenants' interest entitlements, as otherwise there is a risk of legal disputes or reputational damage.
With Aareal Account Kautionen, you benefit from our many years of experience as a banking partner to the housing industry.
The benefits of Aareal Account Kautionen at a glance
Two procedures – one solution
Whether you are using a collective trust account or an individual account, Aareal Account Kautionen provides a clear structure for all contracts regardless of which method is being used. If held in a collective account, each individual tenant deposit is given a virtual account number which automatically allocates payments to the rented property. If individual accounts are used, separation of tenant deposits is ensured through different real accounts, which can be opened electronically from the software without additional contracts for each account.
Optional "tenant deposit guarantee"
Thanks to the integration of Aareal Aval, the first fully digital tenant deposit guarantee, Aareal Account Kautionen offers guarantees as well as deposits in cash as a collateral model.
Efficient processes throughout the deposit cycle
Save time and reduce errors with automated processes, from lodging the deposit to paying interest and returning the deposit. Connection to your payment transactions offers further transparency over all of your account movements.
Transparent near-time information
Keep an eye on all of your transactions and export them up to a precise date to create reports and analyses.
A versatile solution
Aareal Account Kautionen can be used regardless of any accounting system and existing system landscape.
Compliant and secure
It goes without saying that all legal requirements for the management of trust accounts and all transparency requirements are met. Data is stored on bank servers so the security of data is always guaranteed. There is no expense for maintenance and updates, as Aareal Account Kautionen is a data centre solution and there are no requirements for its introduction other than Internet access.
Aareal Account Kautionen: Find out more about electronic tenant deposit management from Aareal Bank.
Aareal Bank's tenant deposit management solutions let you manage your deposits digitally, efficiently and securely – in any system landscape:
- Aareal Account Kautionen is available as a browser-based system and functions independently of existing ERP or accounting systems (find out more) / (try now free of charge)
- AAccount (powered by FIO) is integrated directly into the WOWIPORT ERP system and enables seamless management of tenant deposits within your existing processes (find out more)
- The BK01 interface from First Financial Software GmbH allows tenant deposits to be managed directly in many other ERP systems (find out more)
The right tenant deposit management solution for your company
Every organisation has different requirements for processes and system landscapes. That's why Aareal Bank offers different options for digital management of rental deposits.
Try Aareal Account Kautionen straight away, or let our experts advise you on the optimum solution for your business.
"A solution that you never need to explain. Anyone who is familiar with the life cycle of a tenant depo-sit will also immediately understand Aareal Account Kautionen."
Anja Kahl
Managing Director of Immobilien und Verwaltungs GmbH
