{"id":14034,"date":"2015-11-04T05:00:56","date_gmt":"2015-11-04T13:00:56","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=14034"},"modified":"2021-02-03T15:15:36","modified_gmt":"2021-02-03T23:15:36","slug":"nicola-crosby-real-estate","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/nicola-crosby-real-estate\/","title":{"rendered":"Nicola Crosby Real Estate"},"content":{"rendered":"
\"shutterstock_159081263\"
Nicola Crosby Real Estate is based in Vancouver, B.C.<\/figcaption><\/figure>\n

As a senior fund accountant working on a major North American real estate investment fund, Ping Li Chen is constantly looking for ways to generate efficiency in bookkeeping and produce accurate, timely reports for Nicola Crosby\u2019s investors.<\/p>\n

\u201cWe use Yardi for all kinds of transactions \u2013 roll ups, consolidations, foreign currency conversions, bank reconciliation, basically everything we do on a daily basis,\u201d Chen told us at the recent YASC conference in Anaheim, Calif.<\/p>\n

Her favorite aspect of the Yardi Investment Management platform<\/a> is its ease of use. Nicola Crosby Real Estate manages $1.5 billion in assets, so monthly reporting is no small task.<\/p>\n

\u201cWith the click of a button, I can do the roll up, and it consolidates the whole portfolio. I find that amazing. It eliminated all the Excel spreadsheets that we once used to manually enter data, which we don\u2019t have to do anymore,\u201d Chen said.<\/p>\n

Prior to Yardi Voyager 7S, Chen estimated that manually completing the roll-up would have taken an entire month. Now, the process is about 10 days long from start to finish.<\/p>\n

In the coming year, her company will take another big step toward process efficiency by training its third party property managers to work within their Voyager 7S system. This will eliminate the need for exporting their external Excel records into Yardi on a regular basis.<\/p>\n

\u201cThat will save us a lot of time in generating reports,\u201d Chen noted.<\/p>\n

Another Yardi product used being implemented by the Nicola Crosby accounting staff is PAYScan.<\/p>\n

\u201cWe will cut all the checks via EFT, so no more paper checks. And the property managers can import all the invoices directly from the vendor, so the asset managers are able to approve the invoices, and then it\u2019s an easy process. Once we see an approval, we know this is a legitimate expense,\u201d Chen said.<\/p>\n

\u201cThis improves both our internal and external processes, and helps give investors confidence in how we operate as a fund.\u201d<\/p>\n

To learn more about Nicola Crosby Real Estate, visit http:\/\/nicolacrosby.com\/<\/a><\/p>\n

To learn more about Yardi, visit http:\/\/www.yardi.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As a senior fund accountant working on a major North American real estate investment fund, Ping Li Chen is constantly looking for ways to generate efficiency in bookkeeping and produce accurate, timely reports for Nicola Crosby\u2019s investors. \u201cWe use Yardi for all kinds of transactions \u2013 roll ups, consolidations, foreign currency conversions, bank reconciliation, basically […]<\/p>\n","protected":false},"author":413,"featured_media":14035,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,3354],"tags":[116],"class_list":["post-14034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-people","category-team-yardi","tag-yardi-client-profile"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"As a senior fund accountant working on a major North American real estate investment fund, Ping Li Chen is constantly looking for ways to generate\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nicola Crosby Real Estate\" \/>\n<meta property=\"og:description\" content=\"As a senior fund accountant working on a major North American real estate investment fund, Ping Li Chen is constantly looking for ways to generate\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/nicola-crosby-real-estate\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2015-11-04T13:00:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-03T23:15:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2015\/10\/shutterstock_159081263.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Leah Etling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leah Etling\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/nicola-crosby-real-estate\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/nicola-crosby-real-estate\/\",\"name\":\"Nicola Crosby Real Estate - 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