Yardi KUBE Preview

By on Jan 14, 2019 in Coworking, Technology

Ed. Note: WUN KUBE has joined the family of Yardi property management software. KUBE provides a suite of technology products for coworking and shared space management. This piece on the new platform originally appeared on the KUBE Blog.

As we approach the much anticipated release of the new Yardi KUBE platform, we conducted a client-exclusive Q&A session to address a variety of topics. The response was overwhelmingly positive and we cannot wait to debut the new KUBE. We will beta launch in January 2019, and full roll-out is set for April.

Below, we’re going to summarize some of the main talking points from the recent webinar.

Yardi Kube coworking software update

What are  the main changes for KUBE?

It’s tough to put into words exactly the incredible extent to which Yardi is impacting our platform, but we tried to do so again in the webinar.

Dale Hersowitz, our VP of Coworking, explained that Yardi is best known for building software for the real estate industry, from commercial to multiunit to many other facets. They are now fully diving into the Coworking world with the acquisition of WUN last year.

The most important change for KUBE is essentially putting together a single stack. What does that mean? Yardi has a full general ledger suite, an accounting package, they’re also a merchant, they offer a vendor procurement solution, they are an e-broker, and KUBE will continue to provide the operational component to power your day to day functions of your space. No more third-party integrations. Yardi will encompass 7 modules in one tightly integrated solution.

Everything in a single platform allows for greater efficiency, cost savings, prevents leakage, and enables operators to scale effectively.

Enhancements and New Features

The attendees asked several questions regarding the enhancements of the new platform.

Yardi has a robust accounting platform called Voyager. The new KUBE platform will not only be integrated with Voyager, it will be an extension of that existing platform. So a full blown GL suite is a huge enhancement to the existing KUBE. In-house payment processing is a major upgrade as well. No longer will you have to reconcile with third party apps like authorize.net or Stripe, for example.

We will now have the ability to process any fees in-house. We will also give the operator control over who is assessed any payment or credit card fees. Check scanning is going to be available as well, which allows for scanning and depositing straight from your desk.

We’ll have an all new vendor bill pay management system, where you can upload vendor invoices to our portal and fully automate the payment process.

The ILS (Internet Listing Service) is already live, at www.commercialcafe.com. There is now a Coworking and Shared Space section of the site, so you can search for spaces throughout the US. The database is being worked on daily and will expand internationally soon.

With the recent acquisition of Phoenix Broadband, our cloud-based data appliance is also now an in-house product and we’re bringing it into the US as early as Q1 2019. Our phone service will also be more robust and include many new features thanks to our new relationship with Cisco.

And one of the key features of Yardi KUBE is connecting billing to connectivity management, meaning your voice, data, Wi-Fi. Activation and setup happen simultaneously. You don’t have to activate service in one place and add the charge in another, its now connected.

Learn more about updates to the member portal, reporting and benefits for the existing WUN KUBE on the KUBE Blog.