Velocity Announces Online Access to All-in-One Resident Bills
Residents and Property Managers Benefit From Velocity Convergent Billing
CARROLLTON, Texas (August 26, 2008) — Velocity, a leading provider of resident utility billing and invoice processing services for the multifamily industry, today announced that its popular revenue-enhancing convergent bill is now available for online review and payment by apartment residents.
With Velocity Convergent Billing Services, residents can now go to their online portal to review and pay their rent and other charges, including utilities (electricity, gas, water and sewer), service fees, amenity fees, and vacant unit cost recovery, on a single online bill. This type of self-service approach also allows residents to see their utility consumption, enabling them to make lifestyle adjustments and better control their expenses.
From the property management perspective, the integration of convergent billing and online access gets all charges in front of residents in a timely, unified manner and improves total collections, while the ability for residents to pay online improves collection times.
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