Smarter Decisions Apr06

Smarter Decisions

Good leadership depends on good data. Because without data, as the saying goes, you’re just another person with an opinion. Thing is, everyone wants good data for making better business decisions. But not everyone wants to collect, clean, graph and dissect their datasets. Part of the issue is the sheer abundance of information, especially in senior living. From your standard financial metrics to qualitative measures like care level, there’s always something extra to track down. Some staff may not even know where to find the right numbers in the first place. Then there’s the lack of clarity. How do you accurately organize and analyze what you have? Giant spreadsheets of columns and rows are not the easiest to understand, nor are they very shareable. The current state of senior living business intelligence It’s a tricky situation that senior living providers have approached in a couple ways. Manually creating reports: The most common method. You (or your staff) spend days’ worth of preparation before big meetings, pulling numbers from siloed systems, cutting and pasting inside spreadsheets. When you have monthly or even weekly calls that require up-to-date numbers, this is a significant time sink. Adapting third-party tools: Today’s business intelligence software options are powerful, but they are general-purpose tools. Which means long implementation and customization, trying to fit the product to senior living. Some organizations even require a dedicated full-time employee to manually upload data and manage the solution. Thankfully, the future of business intelligence in senior living looks brighter. Introducing a smarter solution for senior living data analytics Your data is now open for business. Make smarter, faster decisions with actionable information for your entire portfolio through Yardi Senior IQ. Designed specifically for senior living providers, Senior IQ surfaces your data in dashboards, tiles...

Creating Value

“Yardi Orion is the tool that helps us create value for our clients,” said Jeanette Ruscitti, vice president of operations for The REMM Group. REMM is a third-party fee manager with more than 5,000 multifamily units and 1.5 million square feet of commercial space across Southern California. REMM takes a hands-on approach, working with its executive and onsite teams to go “above and beyond” for its clients — and investing in technology is key to the company’s success. Yardi Orion Business Intelligence is a mobile-enabled platform that combines financial, operational and ancillary services data from Yardi Voyager to deliver holistic portfolio insight. With configurable dashboards and more than 200 key performance indicators, Orion provides flexible reporting that enables REMM and its clients to make fast and informed business decisions. Shawn Conerty, REMM’s chief financial officer, said, “We have used Yardi Voyager software for years and find it is the most advanced property SaaS platform available. Our teams are empowered by the centralized source of data and automated workflows that simplify operations from leasing through move-ins and move-outs, work orders, purchase orders, check writing and more. Yardi’s marketing and leasing tools, including RentCafe, make life easier for our prospects, residents and staff with online leasing, rent payments and maintenance requests.” Conerty commented that REMM came to the table to analyze Orion with these previous Yardi successes in mind. “Orion draws from all the flows of information that go through those Yardi systems: occupancy, delinquency, exceptions, marketing, financials, etc.,” he added. Built right into its Voyager platform, Orion has proven to be the right choice for REMM to serve its clients and meet business goals, with mobile access that makes it easy for REMM’s executives to utilize the system on the go. Real-time tracking of rental...