Correcting a Costly Change in Direction
Yardi Voyager PHA
Getting Back on Track with Yardi
According to MHA, financial management was the biggest challenge the PHA faced when it was not operating with Yardi software. “We could not spread costs over multiple properties without making a separate entry in each set of books. That added a lot of extra steps to basic accounting functions. We would also have to cut multiple checks for something as simple as trash service because the software could only make payments on a per-property basis,” says Sapp.
MHA has also simplified its accounting structure by switching back to Yardi. “Our Chart of Accounts went from three pages with Yardi to more than 300 with the other system. We are much more streamlined now that we are back on Yardi.”
Yardi Voyager has proven to be better at reporting for MHA. “The financial reports we ran were not in real time. We would have to consolidate data and closeout the system just to run an individual report. Also, there was no easy way to group properties for HUD Financial Data Schedule (FDS) reports,” said Sapp.
The Yardi Difference
Efficiency is MHA’s biggest gain with Yardi Voyager PHA. “Our core PHA workflows are at least three times faster with Voyager,” says Sapp. “The processes necessary to get a household on the wait list, conduct screening, calculate rent, and submit the 50058 are much more efficient with Voyager. Improving those basic PHA functions with Yardi makes my staff happier and better able to serve our clients.”
The switch to another system and subsequent return to Yardi provides MHA with unique insight into the state of PHA software. “Yardi is by far the best and most comprehensive PHA software I’m familiar with. The cutting edge technology of Voyager sets it apart from the competition,” says Sapp.