Yardi, the leader in real estate investment management and property management software, has recently integrated the Panini Vision 1™ with Yardi CHECKscan™. This allows property management companies who take in lower volumes of paper checks to still utilize a professional check capture device while saving money on their initial hardware purchases.
Prior to this interface, organizations taking in a small number of paper checks had to either purchase higher priced batch-feed scanners or manually transport their payments to financial institutions. Paper checks and money orders can now be individually processed. Transactions scan directly into Yardi CHECKscan and leverage Yardi Voyager™ workflows and rules to automatically transfer funds the same day they are received. By minimizing manual touch-points, such as manual deposit slips, frequent trips to the bank, and misplaced checks, labor and resources can be redirected to higher value tasks.
“We are pleased to further strengthen our relationship with Yardi to provide a new low-volume check capture platform to the property management industry,” stated Joe Sciulli, Vice President of Global Channel Sales at Panini. “The Vision 1 leverages the proven performance and capabilities of the world’s most trusted platform in check capture, the Panini Vision X – universally considered the industry benchmark for distributed capture with close to a million installations worldwide.”
The Vision 1 is a single drop feed, high value version of Vision X for highly professional and user-friendly small-medium business Remote Deposit Capture or reduced volume Teller Image Capture applications. The Vision 1 is able to read MICR with top accuracy, capture superior quality duplex images (including TrueColor and FastColor) and physically mark items on the rear side via its one-line ink jet printer – effectively positioning it for all circumstances where legislation, compliance requirements, or the financial institution’s preference imposes the use of rear physical item endorsement – while simplified mechanics and no feeder consumables enable even simpler maintenance and increased cost savings.
Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than seventy years. Panini has a rich history of technology innovation, and Panini’s market leading solutions are based on state-of-the-art research and development and ISO-9001 quality certified production. Panini offers capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check, resulting in the world’s largest deployed base of check capture systems, now approaching one million devices. Panini’s scalable capture solutions digitize checks and payment related documents and transactions to address the complete range of distributed check processing opportunities including teller capture, back-counter capture, remote deposit capture, point-of-sale capture and remittance processing. The company provides solutions on a global basis, and has direct subsidiary operations in the United States covering North America and in Brazil covering Latin American markets.
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of residential and commercial real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide.