Unisys New Zealand has signed a contract with the Ministry of Business, Innovation and Employment (MBIE) to build a new system that will enable landlords to lodge tenancy bonds online.
Welcomed by Building and Housing Minister Dr Nick Smith, the fully integrated online tenancy bond system, which will be built by Unisys, is expected to take about 12 months to complete.
“MBIE processes around 400,000 tenancy bond transactions each year, with nearly half of those being bond lodgements,” Dr Smith says.
“Currently the only way landlords can lodge bond payments is by cheque. This will be welcomed by both landlords and tenants, who have been saying for some time now that they want to be able to complete the process online.”
Unisys will also provide an interface to property management software systems so landlords and property managers can lodge bonds directly from their systems.
“We are delighted to work with MBIE using modern technologies and approaches,” adds Steve Griffin, country manager, Unisys New Zealand.
“This covers online payments and integrated systems to automate what has been a very manual and paper-based process into a convenient online service to improve the experience for New Zealand landlords and tenants.”
Following the nationwide launch of the FastTrack Resolution service, and the new online system for Tenancy Tribunal applications, Dr Smith says this is the latest step in the Government’s practical improvements in tenancy services.
“We want to provide a better, more efficient process for landlords and tenants,” Dr Smith adds.
“The new system will streamline the renting process for them and contributes to the Government’s Better Public Services programme of making it easier to transact with Government online.”