Lynnbrook upgrades payment technology with VRPlatform data integration

US: Short-term rental payment processing firm Lynnbrook has added VRPlatform to its toolset to ease deposit tracking, reconciliation and financial reporting.

The integration combines payment processing and accounting, giving operators a better look at their financials.

VRPlatform said benefits of the venture are automated deposit syncing, simplified reconciliation and increased accounting trust. Transactions flow directly into the tool and are automatically matched with reservations, which the firm said resolves payments quicker and with more confidence.

“Payment data is one of the most critical parts of the accounting workflow,” VRPlatform revenue head Jesse Ehret said. “With Lynnbrook integrated with VRTrust, property managers can eliminate manual steps, reduce errors, and gain real-time visibility into their financials.”

“Property Management Companies can spend dozens of hours a month manually reconciling bank deposits,” Lynnbrook integration partnership chief Matt Gurley said. “Our mission is to develop solutions that give valuable time back to property managers, and this integration with VRPlatform does just that.”

Highlights:

• Lynnbrook has integrated with VRPlatform to automate deposit syncing, reconciliation and financial reporting for short-term rental operators.
• The integration allows transactions to flow directly into the tool and be automatically matched with reservations, reducing manual steps and errors.
• Lynnbrook stated the solution gives property managers real-time financial visibility and saves dozens of hours per month on manual reconciliation.