Cinc Systems announced the launch of TresRE, a treasury management solution that brings banking, software and payments together for real estate managers who have long been forced to swivel chair between legacy accounting and banking solutions that aren’t connected by middleware.
Cinc Systems was founded in 2005 by third-generation banker Bill Blanton, who streamlined association management companies’ banking, software and payments under one platform. Cinc clients have been able to conduct their online banking — such as making transfers, pulling statements, examining check images and reconciling their books — inside Cinc’s accounting software. Effectively, CINC customers never need to log into bank portals that aren’t designed for real estate, the company said.
“Our Cinc customers, on average save hundreds of hours per week banking inside our software,” said Shea Dittrich, chief revenue officer for Cinc.
In 2018, Cinc Systems launched Paygami. This product provided real estate management companies access to Cinc’s digital-and check-payment platform, as well as its online banking platform, regardless of whether they used the company’s accounting software. Cinc’s payment platform includes 14 lockbox locations with a one-of-a-kind, real estate focused process that matches payments to residents at a 99.74% rate.
The launch of TresRE expands the previous product offering by including the integration middleware that has long powered Cinc. The same integrations that made Cinc’s accounting software clients efficient and successful are now available to real estate managers using multiple other software systems, including Jenark and FrontSteps Caliber.
Several new partnerships with software companies serving additional real estate verticals, management companies and banks will be announced in the coming months.
Cinc Systems’ accounting software will remain solely focused on the association management space. TresRE will serve banks, property management firms and software providers who cover the real estate industry at large.
