Piloc is a real estate management platform that automates rental payment collection and reconciliation through a unique tenant-specific IBAN system, significantly reducing payment delays and the risk of defaults. By integrating with existing property management applications, Piloc streamlines financial operations, allowing property managers to save over 40% of their administrative time.
Funding
Funding not disclosed
Founders
Product
Problem
Property managers face challenges in efficiently collecting and reconciling rental payments, leading to delays, increased administrative overhead, and a higher risk of defaults. Traditional methods often involve manual tracking and reconciliation, which is time-consuming and prone to errors.
Solution
Piloc offers a real estate management platform that streamlines rental payment collection and reconciliation through a tenant-specific virtual IBAN (vIBAN) system. This system automates payment tracking and reconciliation, significantly reducing payment delays and the risk of defaults. By assigning a unique payment identifier to each tenant, Piloc enables real-time monitoring of incoming payments and automates reconciliation with property management systems. The platform integrates with existing property management applications via API, offering features such as automated reminders, payment tracking, and bulk payment processing. Piloc also provides tenants with multiple payment options, including SMS, email, QR code, and traditional bank transfers, enhancing convenience and payment adherence.
Target Audience
Piloc primarily targets property managers, real estate agencies, social housing organizations, and owners of large rental property portfolios seeking to streamline payment collection, automate reconciliation, and reduce administrative overhead.
Features
- Unique virtual IBAN (vIBAN) for each tenant to ensure accurate payment tracking and reconciliation
- Automated bank reconciliation, reducing administrative time by up to 40%
- Multiple payment methods for tenants, including SMS, email, QR code, and bank transfers
- Real-time payment tracking and automated reminders to reduce payment delays
- Automated generation of rent receipts, late payment reminders, and accounting entries
- Integration with existing property management systems and accounting software via API
- Customizable user roles and permissions for administrators, staff, and accountants
- Secure platform with strong authentication and data encryption
- Automated plan d'apurement to avoid unpaid rent