NAI Hiffman Uses Remote Deposit Capture to Renovate Traditional Check Deposit Method

Successful property management firms are expert at managing time and money efficiently. Since the early days of property management, checks have been the standard form of payment. Unfortunately, depositing those checks required the property management company to drive, send overnight packages or mail deposits to multiple banks. Although it seems inefficient, it was the only way to satisfy making the deposit without forcing clients to move their bank relationship. 

But times have changed. Remote deposit capture makes depositing checks easy.  

Checks are a dated payment type that has been remodeled with the enactment of the Check 21 Law making check payments “like new” again. This simple law enabled a substitute check to be the legal equivalent of the original check. This minor change allows a person to scan checks from the office computer and electronically send to the bank for deposit. That’s it.  

Don Schuman of NAI Hiffman, a leading property management firm located in Chicago, IL and part of the NAI Global Network states,” Implementing iStream Deposit made a drastic change to our first five to ten days of the month. Before iStream Deposit we were driving or sending overnight packages to multiple bank relationships. Now we save time and money using the iStream Deposit system.”

Having multiple banking relationships is common in the property management business. Finding the best means to manage multiple accounts, deposits and data can make a business more profitable.

“Remote deposit was presented to us by various banks; unfortunately our accounts had to be with that bank. That was a problem for us as we manage multiple bank relationships. The instant we found out about iStream, we knew it was for us. It gave us the convenience and efficiencies we needed without changing the bank relationships our clients had. We made our choice and were up and running in two days.”

NAI Hiffman will continue to enjoy the benefits of iStream Deposit as they continue strong growth in their market. Over the past six months they have doubled in size and are currently managing over 14 million square feet in the Midwest region. Managing check deposits for their growing customer base will no longer be the costly, time consuming task they once knew it to be. 

John Larik, President of Markron, a Livermore, Ca. based company and Distributor for iStream Imaging® products states, “Businesses throughout the US are learning about this new technology and how it can help. Our product is unique in allowing businesses to manage one or more banking relationships with ease. iStream Imaging® currently deposits to over 8500 different banking accounts daily.“

For additional information contact: 
iStream Imaging, Inc.
Robin Ferrari, Director of Corporate Marketing
Telephone: 262-432-1574
Fax: 262-796-0941
e-mail:  
http://www.istreamimaging.com