Bank Rec Automation for Real Estate: Why REdirect Is the Leading Solution for Yardi & MRI Users

Month-end close is notoriously one of the most stressful cycles for real estate accounting teams. Long hours, manual processes, and pressure to deliver accurate reconciliations on a tight timeline can make an already complex task feel overwhelming. 

Our experts at REdirect understand this pain all too well, which is why we’ve spent the past several years perfecting a smarter, faster, more accurate way to handle bank reconciliations for real estate organizations. 

Today, our Bank Rec Automation solution is helping dozens of clients eliminate tedious manual work, reduce errors, and significantly speed up the entire reconciliation process. 

Meet Rosie: Your Bank Reconciliation Robot 

Our automation robot, Rosie, handles the heavy lifting so your team doesn’t have to. Rosie seamlessly matches your banking data with your real estate accounting platform, whether you use Yardi or MRI Software. 

Here’s how Rosie streamlines your reconciliation process: 

1. Automated Bank Data Retrieval- Rosie securely pulls bank data directly from your financial institutions, eliminating the need for manual downloads or spreadsheets. 
   

2. Integration With Yardi or MRI Software- She pulls your Yardi or MRI Software general ledger and transaction data, to compare to bank activity. She can also incorporate other transaction data e.g. payment system data, etc. 

3. Intelligent Transaction Matching- Using a series of programmatic match rules (customized to your portfolio and workflows), Rosie compares bank transactions to system transactions. She identifies matches, and unmatched items, and creates a report of results for easy review. 

4. Automated Updates Back Into Your System- Matched transactions are automatically updated as reconciled in Yardi or MRI, avoiding all the tedious manual checking. 

5. Detailed Reporting Delivered to You- Rosie produces a transaction-level reconciliation report outlining: 

• • What matched 

• • What remains to be matched 
    

Three Key Benefits of Bank Automation for Real Estate

1. Speed- What previously took days can now be completed in just a few hours. Faster reconciliations mean a faster month-end close. 

2. Accuracy- Automation significantly reduces the risk of human error. With consistent, rule-based matching, you get reliable and repeatable results every time. 

3. Maximized Matching - Rosie is configured for your data. Our team fine-tunes your match rules over time to continuously improve match rates and adapt to changes in your portfolio or banking patterns. 

Why Choose REdirect for Bank Rec Automation 

With deep industry experience, a strong focus on Yardi and MRI optimization, and years spent refining our automation engine, REdirect provides a bank reconciliation solution tailored specifically to the needs of real estate accounting teams. 

Whether you manage multifamily, commercial, affordable housing, or mixed-use assets, our automation reduces workload, improves accuracy, and helps your team focus on more strategic financial tasks. 

See Bank Rec Automation in Action 

Ready to transform your month-end close and eliminate the manual headaches of bank reconciliations? Watch our quick video to discover how automation can save your team hours every month.

In this video, REdirect's Neal Cousino walks through how REdirect’s Bank Rec Automation integrates with Yardi and MRI Software, retrieves bank data securely, and intelligently matches transactions—so you can close faster with fewer errors.

After you’ve seen how REdirect's Bank Rec Automation works, let’s talk about how we can tailor this solution to your portfolio. Reach out today to connect with our experts and start streamlining your reconciliation process.