Managing a large volume of payments to various recipients, including homeowners, vendors, and utility companies, poses a significant challenge for many property managers. The current practice of making payments to recipients through banks or other platforms results in a lack of connectivity with the rest of your technical stack. However, Clearing offers a powerful solution to address this challenge by providing a centralized platform where users can effortlessly add and manage recipients, streamlining the payment process and enhancing financial control.
Clearing, a leading platform in financial management for Short-Term & Long-Term Rental businesses, has introduced a dedicated recipient management feature, empowering property managers to efficiently add and manage recipients from one centralized platform. This eliminates the hassle of using multiple disconnected platforms for managing expense payments.
Using Clearing's recipient functionality, property managers can streamline the process of creating recipients within Clearing and complete payments to recipients, leading to enhanced financial management and reduced manual effort. Clearing's secure ACH network also ensures efficient and secure money transfers, ensuring painless, simplified transactions to recipients.
Simple Steps for Adding and Managing Recipients in Clearing
Step 1: Access the Payments Section in Clearing
Log in to your Clearing account and navigate to the “Payments” section from side menu. Under “Payments”, select the option “Manage recipients”.
Once you click on the “Manage recipients” option, you will access the recipient management interface. Here you can see the list of added recipients.
Step 2: Add a New Recipient
Simply click on the "Add New Recipient" button at lower right corner to add a new recipient.
Enter the required details, including the recipient's first name, last name, email, US bank account number, and routing number, then click the “Create” button.
Step 2.1: Add a New Recipient While Making Payment
You can also add a new recipient when you're trying to make a payment. Click on “Make a Payment”, located on the main “Accounts” page, and then select the “Add a new recipient” option.
Once selected, you can add a new recipient. This will take you to the “Add a Recipient” page, where you can enter the required details about the recipient and save the information.
Step 3: View Recipient's Information
In the recipient management interface, click on the particular recipient’s “view details” button to see the recipient information that you intend to view.
Once clicked, you can view all the saved information about the particular recipient. Account information will be hidden, as this is sensitive information that should not be shared without intention.
Take advantage of Clearing's recipient management features and streamline your payment processes in one centralized platform, eliminating the hassle of using multiple disconnected platforms to complete a simple task.
Request a live demo now and discover how to effortlessly add and manage recipients for easy payment completion in Clearing.
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Clearing is a Financial Technology Company, not a bank. Deposit Accounts are issued by Evolve Bank & Trust, Member FDIC.