Tenancy Deposit Scheme (TDS), the government-backed tenancy deposit protection scheme, has announced an integration with MRI Software to automate tenancy deposit registrations and reduce the time letting agents spend on data entry.

The TDS API is designed to make life easier for agents when they register deposits. The new partnership aims to reduce the time it takes to duplicate deposit registration data from CRM platforms onto a deposit scheme platform by eliminating the need to input this data manually.

The TDS PropTech solution automatically transfers the data, removing time lost duplicating tenancy deposit entries, reducing inaccuracies and giving agents more time to spend growing their business.

Sean Slack, vice president of partner connect at MRI Software, commented: “The need to either insure or place deposits into a deposit protection scheme is a legal requirement. MRI has worked with TDS for many years, and the latest iteration of the integration means that our mutual clients benefit from less double keying between systems, generating cost savings, time savings, and data accuracy.”

Steve Harriott, CEO of TDS, added: “TDS and MRI share the same vision for open and connected software in real estate solutions. We are delighted to partner with MRI, as the integration will support our objective of improving the private rented sector (PRS) and making the lives of our customers easier.”