Blog

You are reading: Snappt vs. Findigs: Which is Best For Your Property?

June 21, 2024

Snappt vs. Findigs: Which is Best For Your Property?

Daniel Berlind
CEO

Having the right tools is crucial in the fast-paced world of property management. That’s where Snappt and Findigs come in! They offer powerful property management tools that aim to make property managers’ jobs easier.

While these companies occupy the same space, they serve different purposes for property managers. Let’s review Snappt and Findigs, comparing their key features and functionalities so you can make an informed decision for your properties.

Primary Function

A critical difference between Snappt and Findigs is their purpose. Snappt is designed to detect fraudulent documents and verify applicant IDs, and Findigs is meant for ID, income, and employment verification.

Snappt has become renowned for its AI-powered fraud detection software. Their platform meticulously analyzes over 10,000 data points on bank statements and pay stubs, guaranteeing the authenticity of submitted documents. Moreover, they offer extensive ID verification services, capable of scanning more than 4,600 documents from 200 countries and territories. In fall 2024, they will offer income verification through automated income calculation and connected payroll via Argyle.

Findigs provides identity, income, and employment verification. Income verification (also referred to as income auto calculation) can help property managers quickly calculate an applicant’s total income, and employment verification is a quick way to ensure that an applicant is employed where they say they are.

Integrations

Integration of multiple technologies has proved to be a game-changer for property managers. By seamlessly incorporating various tools and platforms into their operations, property managers can streamline tasks, enhance efficiency, and provide a more seamless experience for themselves and their tenants. They can also help securely sync data, eliminating the tedious task of manual copy-pasting.

Switching between different applications, also termed context switching, can also be a detriment to leasing teams. According to psychologist Gerald Weinberg, each extra task or ‘context’ you switch between uses up 20–80% of your overall productivity. For example, switching between two tasks can eat up 40% of your productive time for each, and 20% is lost to context switching; switching between three tasks at a time can eat up 20% of your productive time for each, and 40% is lost to context switching. Integrating various systems means property managers can streamline workflows, eliminate manual data entry, and improve efficiency.

Snappt offers several integrations with third-party software, including ResMan, Entrata, Yardi ScreeningWorks Pro, RealPage, and ResidentIQ. A roadmap of additional integration offerings will be coming in the near future!

Findigs has an API integration that allows you to sync with various other platforms.

SOC 2 Compliance

Document products serve two essential purposes: guaranteeing utmost accuracy and safeguarding customer information. These products handle highly sensitive data, underscoring the importance of avoiding unreliable competitors when it comes to trusting such significant assets.

Understanding SOC2 compliance is crucial, as it signifies a company’s commitment to maintaining a high level of information security. Being SOC2-compliant equips organizations with the necessary tools to stop cyber attacks and breaches, setting them apart from non-certified companies.

Snappt is SOC2-certified and is proud to provide the highest level of security for customer data.

Findigs does not have SOC2 certification.

Identity Verification

ID verification plays a significant role in protecting property management teams against fraud in today’s landscape. It helps validate the legitimacy of tenants and confirms they are who they say they are. Incorporating ID verification allows you to proactively identify and prevent fraudulent behaviors, elevate property security, and make more informed decisions with increased assurance.

Snappt offers identity document verification, and its technology can instantly scan over 4,600 document types from 200 countries and territories. ID verification takes just a few seconds, and its validation process includes a passive liveness scan and over 30 comprehensive checks, ensuring that every ID scanned undergoes meticulous security protocols.

Findigs offers ID verification but does not explain how their verification technology works or how many ID types they can scan.

Snappt or Findigs – Which Do You Choose?

Now that you have all the information, which company do you choose?

Snappt is your go-to, comprehensive solution for fraud detection and identity verification. Their remarkable accuracy in detecting document fraud greatly minimizes the risks of fake documents going unnoticed. Their industry-leading ID verification service also empowers property managers to safeguard their properties from identity fraud.

Snappt is also SOC 2-certified, ensuring the highest level of data security at your property. If you ever need assistance, their customer support team is dedicated to helping you integrate their software smoothly into your leasing process and answer any questions you may have.

Findigs is an option if you need a solution for ID, income, and employment verification. Thanks to their API, they work with most property management systems and have a quick turnaround time.

To Sum Up…

In the world of proptech, Snappt and Findigs offer solutions meant to better protect your property. Both platforms have their perks, and the choice ultimately depends on your priorities for your business.

If your primary concern revolves around bolstering your defense against fraud and evictions, Snappt stands out as the top pick. With a vast database of over 8 million scanned documents, its accuracy and effectiveness in catching fraudulent activities are noteworthy. Snappt’s user-friendly interface, SOC 2 certification, and excellent customer support make implementation a breeze.

More Comparisons

Ready to protect your properties?

Chat with our sales team to learn about our comprehensive fraud solution

Let’s Talk