Increase in property income
Being able to collect bills faster
Decrease in the amount of delinquent payments
Decrease in the workload for property staff
All of the above might be included on a convergent bill.
25,000 to 100,000
500,000 to 1 million
1.5 to 2 million
10 to 25 million
Decreased vacant costs
Less required working capital
Reduced administrative workload
Increased resident satisfaction
It’s the lowest priced option.
It operates “out of sight, out of mind.”
Cryptic, complex vendor remittance statements
It’s accepted as a necessary evil.
10 to 20 percent
20 to 30 percent
30 to 40 percent
40 to 50 percent
Rent, utilities, etc., included on one bill
Bills emailed to residents
Direct links to online payment services
All of the above are features of electronic convergent billing.