Robert Mwangi owns 40 units in Kiambu County. His tenants pay rent through multiple banks: Equity, KCB, Cooperative Bank, NCBA. Before Royalmark, he spent 2-3 days monthly manually matching payments to invoices. After implementing bank integration, reconciliation takes 5 minutes, and all payments are automatically matched.
The Manual Reconciliation Nightmare
Robert received payments to 4 different bank accounts. Each month, he'd download statements, manually match payments to tenants, update spreadsheets, and generate reports. This process took 2-3 days and was error-prone. Sometimes payments were missed or incorrectly matched.
Seamless Bank Integration
Royalmark integrates with all major Kenyan banks: Equity, KCB, Cooperative Bank, NCBA, DTB, Absa, Standard Chartered, Family Bank. Payments are automatically captured, matched to invoices using transaction references, and reconciled in real-time.
Integration Benefits:
- Real-time payment capture from all banks
- Automatic matching to invoices
- Zero manual data entry
- Instant reconciliation
- Multi-bank support in one system
Time Savings: Days to Minutes
Reconciliation time reduced from 2-3 days to 5 minutes. Robert saves 20-25 hours monthly. Payments are matched automatically, eliminating errors. He can see payment status in real-time, not days later.
Conclusion
Bank integration transformed payment reconciliation from a days-long manual process to a minutes-long automated one. For landlords with multiple bank accounts, this integration is essential for efficiency and accuracy.
