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Yardi Corom
What if you could save thousands of dollars and hours each year while improving your utility management processes? Jessica Stevens, director of business systems and technology at BRG Realty, recently shared how the Yardi Energy Suite has helped the company overcome challenges and achieve tangible results by transforming their processes, improving efficiency and increasing recovery by nearly $650,000.
About BRG Realty
BRG Realty Group, LLC is a multifamily property management company serving greater Cincinnati, Columbus, Dayton and areas of Kentucky and Indiana. Their mission is to foster high-quality communities through innovative management, providing dependable services to residents, associates and business partners.
Transforming processes
Within the past few years, BRG has grown rapidly. To support their rapid growth, they needed to streamline operations and manage utilities more efficiently. To ease the burden on their accounting team and improve financial recovery from utility costs, BRG chose the Yardi Energy Suite, built into Voyager, as their solution.
While the initial transition was “nerve-wracking” for the accounts payable (AP) team, they quickly realized the value. “Now they never want to go back,” Stevens said.
Additionally, Yardi Pulse reports provide real-time data and analytics, helping BRG to detect and address issues like leaks or equipment failures promptly. Their team has been able to save 1,500 hours annually with Utility Billing and Utility Invoice Processing. Stevens described the transformation as “huge,” underscoring the substantial positive impact on their business.
This investment has raised resident utility billing cost recovery from 70% to over 81% in just two years. With Yardi, BRG has saved countless hours, enabling them to support the company’s rapid expansion. Stevens explains, “From 2021 to 2023, we recovered a little over $650,000, and by 2024, we’re projected to recover 86%. It’s real dollars we can take and put back into the properties.”
Success by the numbers
- Grew revenue by over 16%
- Recovered over $650K in utility costs
- Saved over 1.5K hours of manual labor
Proven results, real impact
One example of how BRG has put money back into their properties is a $3.5 million reinvestment into a property they have owned since 2009. Stevens proudly exclaimed, “This investment has transformed the exterior, breathing new life into the space.”
Stevens also praised the client support team for their responsiveness and reliability, exclaiming, “The Yardi team is fantastic. I can reach out anytime and get a response within 24 hours. For complex issues, they investigate, provide clear timelines and stick to them — even if they need more time. Their responsiveness is outstanding.”
By embracing the Yardi Energy Suite, BRG Realty has not only streamlined operations but also set the foundation for continued success.
View this brochure to learn more about Yardi Energy.
