Yardi at the Core

For Encore Enterprises Inc.

By Joel Nelson on Jan 17, 2014 in News

National real estate investment company Encore Enterprises Inc. found that managing its portfolio of widely dispersed commercial and residential properties with different technology platforms was increasingly untenable.  As a remedy, the company elected to adopt Yardi Voyager^® as its end-to-end business platform for property management, accounting and investment management.

Encore operates in many different sectors, ranging from office portfolios to restaurants and resort operations.  Using separate technology platforms for each proved inefficient, did not provide scalability, and lacked resources for investment management.  “We found Voyager to be the only solution that combines our entire portfolio into one version of the truth,” said Mahesh Shetty, chief operating officer and chief financial officer for Encore.  “Voyager satisfies all of our vertical market management obligations by eliminating the reconciling issues that came with the manual exchange of data between systems.”

Yardi Voyager, a Software as a Service property and asset management system, will make real-time portfolio data and up-to-the-minute reporting available on demand to Encore.  Compliance monitoring and risk reduction will be aided by role-based dashboards, workflows, critical data notification and analytics.

Adding Yardi Investment Management™ to Yardi Voyager will automate Encore’s entire investment accounting, performance measurement and investor reporting cycle, allowing the company to mitigate risk more effectively with new tools for compliance monitoring and enhanced business intelligence.

“Yardi Investment Management allows full portfolio oversight and lets us manage the entire investment cycle, from the investor to the individual asset, and follow that cycle all the way through distributions and investor reporting,” Shetty said.