Commercial Property

Auctioneera partnership with NoFrixion to save firm cash

Deal will provide a digital payments infrastructure for real-time payments reconciliation and accounting updates

Feargal Brady, chief executive of NoFrixion and Helen O’Keeffe, director, Auctioneera: deal will deliver efficiencies and savings to Auctioneera. Picture: Fennell Photography

Estate agency Auctioneera has initiated an agreement with NoFrixion to provide a digital payments infrastructure for real-time payments reconciliation and accounting updates. At the same time the software will allow instant payments and settlement to and from customers.

As a result of the partnership, Auctioneera, which prides itself as being a fast-growing fixed fee estate agency, is cutting its payments processing charges by 87 per cent, while also considerably reducing its manual processing needs.

Eddie ...