Property firms sign up for dud cheque reporting solution

Real estate firms Landmark Properties and New England International Real Estate are integrating Emcredit's cheque-reporting solution, emBounce, into their business processes further enhancing their risk management practices.

The announcement was made by Emcredit, the UAE's first government-backed credit information services company.

Under the terms of the agreements, Landmark Properties and New England International Real Estate will benefit from Emcredit's cheque-reporting solution, which will provide insight into the cheque-honouring and payment habits of existing and potential tenants in the UAE.

This, in turn, allows both companies to better assess their customers, provide additional payment flexibility with reassurance and offer faster and more efficient processing of sales and tenancy agreements, thereby further enhancing and improving service levels to their customers, landlords and developers.

Landmark Properties is a real estate brokerage firm and consultancy provider in the UAE and New England International Real Estate a real estate consultancy services firm.

"The benefits of credit reporting have grown beyond the financial services industry," said Zaid Kamhawi, Chief Business Officer, Emcredit. "The availability of accurate and timely information on customer's credit patterns empowers businesses with clearer insights, helping them make business decisions accordingly."

Emcredit also provides Better Homes with cheque-reporting solutions.

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