The Deposit Protection Service (the DPS) has said that its new agreement with Imfuna will help ensure property inventories can be submitted “quicker and easier”.

Imfuna provides inventory software to the lettings industry with users creating and storing reports online through the firm’s website.

Julian Foster, managing director at the DPS, said: “Less than 2% of deposits protected by the DPS lead to a dispute, but when they do, written inventories are crucial in ensuring that our impartial adjudicators are comprehensively informed.

“Our agreement with Imfuna will mean that inventories from users of their software will arrive with us with the simple click of a button, thereby making the process faster and easier.

“We’re always exploring ways to improve the experience of our tenants, landlords and agents and to work with others to raise standards in the industry.”

Imfuna users that are taking part in an adjudication process over a property deposit can now send inventories, photos and other details directly to the DPS and do not need to send paper copies.

Jax Kneppers, president and founder of Imfuna, said: “This agreement will bring greater transparency to all parties in the lettings process through the power of smartphones and server technology.

“Utilising a standard inspection template creates a reliable historical record of the property, and comparison reports can be submitted to The DPS directly from a user’s account.

“Technology offers an efficient solution providing accurate reports with significant time savings.”