Voyager Suite
Virtuoso
Investment Suite
RentCafe Suite
REACH by RentCafe
CommercialCafe Suite
Elevate Suite
Procure to Pay Suite
Aspire
Yardi Kube Suite
Yardi Corom
We sat down with Tarryn Waddell, financial controller for Esprit Investments, to see how Yardi’s cloud software helped Esprit move away from spreadsheets, automate reporting, streamline property management, reduce risk and enhance security.
“We chose Yardi’s real estate platform as our company is growing – we needed a solution that could handle our growth, consolidate our data, gain visibility on rent review/ breaks and simplify lease renewals. Yardi does all of this and much more. Everything is consistent and streamlined and we have more visibility, more control and more security.”
About Esprit Investments
Esprit Investments Limited (Esprit) is one of Ireland’s most active private investment and development companies. Its responsible for developing some of Dublin’s most innovative buildings. Founded in 1992 by Eric Kinsella, one of Ireland’s most successful entrepreneurs. Esprit’s diversified property portfolio includes Georgian and modern office developments, prestigious corporate HQs as well as industrial buildings / warehousing. With over one million square feet of property under management or construction, Esprit have a proven track record in delivering high quality business environments for Irish and multinational clients.
Challenge and Solution
Esprit was using multiple systems and managing accounts, leases and more in spreadsheets. The company needed a solution that would consolidate its data, streamline processes and provide additional control and security.
Esprit implemented solutions from the Yardi Commercial Suite – these solutions help Esprit to centralise its data into one connected solution, allowing for standardisation of processes, easier access to data, faster reporting and project management.
Results
Since implementing Yardi’s asset and property management software, Esprit has combined all previous systems into one connected real estate platform. In addition, accounts payable is now streamlined as AP images can easily be scanned and uploaded. Due to this, Yardi’s technology has assisted the service charge reconciliation process at year end as all costs can be reviewed. On the Accounts Receivable side, Yardi has reduced the invoice processing time by 70%.
“When issuing invoices to tenants, Yardi automatically does the calculation for you to see what the rent or service charge should be, depending on the relevant period, based on your lease setup. The PDF document is then produced from your ID and then sent electronically to the tenant – all from one system. Before Yardi, all of this would have been individual steps in different applications and therefore a very cumbersome process. It’s helped reduce the AR invoice processing time by at least 70% and means there’s less chance of human error as it’s all digitised.”
Tarryn Waddell, Esprit Investments
