{"id":17180,"date":"2018-08-01T09:00:18","date_gmt":"2018-08-01T16:00:18","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=17180"},"modified":"2020-12-25T03:22:37","modified_gmt":"2020-12-25T11:22:37","slug":"pay-vendors-faster","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/pay-vendors-faster\/","title":{"rendered":"Pay Vendors Faster"},"content":{"rendered":"<p>A vendor provides a product or service for a property management company. Then they get paid, the sooner the better.<\/p>\n<p>That\u2019s the theory, at least. In practice the traditional process can be laborious for both sides of the ledger\u2014vendors and property managers. Submitting paper invoices, securing approvals, cutting checks, stuffing and mailing envelopes, and taking payments to the bank breed opportunities for errors and delay.<\/p>\n<p>Yardi\u2019s online vendor management solution, VENDOR<em>Caf\u00e9\u00ae<\/em>, speeds up the invoicing process for vendors while reducing printing, mailing and storage costs for property managers.<\/p>\n<p>\u201cWe&#8217;ve noticed a significant improvement in expediting our invoices through the system. It&#8217;s user friendly, and provides an easy transition from one task to the next. Thanks VENDOR<em>Caf\u00e9<\/em>!\u201d says Shamrock Press and Graphics.<\/p>\n<p>Yardi has taken the lead in developing new technology for vendors that makes processing invoices and payments, uploading insurance certificates and accessing statements, much easier. VENDOR<em>Caf\u00e9<\/em> offers:<\/p>\n<ul>\n<li>Easy, secure, mobile-enabled uploading of invoices and statements<\/li>\n<li>Reduced costs through electronic invoice processing<\/li>\n<li>Automated transmission of compliance status, expiration alerts and other information<\/li>\n<\/ul>\n<p>This infographic takes a look at the step-by-step VENDOR<em>Caf\u00e9<\/em> process.<\/p>\n<p><a href=\"https:\/\/www.yardi.com\/blog\/news\/pay-vendors-faster\/17180.html\/attachment\/mixed_vc_infographic_080717_3962_v108-2\" rel=\"attachment wp-att-20677\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-20677\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/10\/Mixed_VC_Infographic_072018_6206_V101-with-insurance.jpg\" alt=\"\" width=\"800\" height=\"2127\" srcset=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/10\/Mixed_VC_Infographic_072018_6206_V101-with-insurance.jpg 1200w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/10\/Mixed_VC_Infographic_072018_6206_V101-with-insurance.jpg?resize=113,300 113w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/10\/Mixed_VC_Infographic_072018_6206_V101-with-insurance.jpg?resize=768,2042 768w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/10\/Mixed_VC_Infographic_072018_6206_V101-with-insurance.jpg?resize=385,1024 385w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/10\/Mixed_VC_Infographic_072018_6206_V101-with-insurance.jpg?resize=578,1536 578w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/10\/Mixed_VC_Infographic_072018_6206_V101-with-insurance.jpg?resize=770,2048 770w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/10\/Mixed_VC_Infographic_072018_6206_V101-with-insurance.jpg?w=400 400w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/10\/Mixed_VC_Infographic_072018_6206_V101-with-insurance.jpg?w=500 500w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/10\/Mixed_VC_Infographic_072018_6206_V101-with-insurance.jpg?w=600 600w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/10\/Mixed_VC_Infographic_072018_6206_V101-with-insurance.jpg?w=720 720w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/10\/Mixed_VC_Infographic_072018_6206_V101-with-insurance.jpg?w=800 800w, https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2017\/10\/Mixed_VC_Infographic_072018_6206_V101-with-insurance.jpg?w=1000 1000w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/p>\n<p>For property managers, VENDOR<em>Caf\u00e9<\/em> is a single vendor management system of record that cuts risk in vendor onboarding, eliminates lost and duplicate invoices and integrates fully with their Yardi Voyager<sup>\u00ae<\/sup> property management and accounting platform.<\/p>\n<p>\u201cVENDOR<em>Caf\u00e9<\/em> eliminated the frustration that our vendors and internal staff previously experienced.\u00a0 Before, vendors would reach out to our staff to get updates on invoices. Now that vendors can follow their invoice online through the payment process, we have seen a visible increase in efficiency,\u201d says Iris Esguerra, Yardi project manager and information technology business analyst for <a href=\"http:\/\/www.grubbproperties.com\/\">Grubb Properties<\/a>, a developer in Charlotte, N.C. with commercial and residential holdings.<\/p>\n<p>She adds, \u201cVENDOR<em>Caf\u00e9<\/em> gives our vendors confidence and security that their invoices won\u2019t fall through the cracks and they\u2019ll get their money faster. The system even issues alerts when a Certificate of Insurance or other required information is missing or incorrect. The amount of time saved by our staff and paper eliminated is immeasurable.\u201d<\/p>\n<p>Learn more about VENDOR<em>Caf\u00e9<\/em> <a href=\"http:\/\/www.yardi.com\/products\/vendorcafe\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A vendor provides a product or service for a property management company. Then they get paid, the sooner the better. That\u2019s the theory, at least. In practice the traditional process can be laborious for both sides of the ledger\u2014vendors and property managers. Submitting paper invoices, securing approvals, cutting checks, stuffing and mailing envelopes, and taking [&hellip;]<\/p>\n","protected":false},"author":610,"featured_media":18820,"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":[4],"tags":[411,1809,29,973,1808,1807],"class_list":["post-17180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-commercial-real-estate","tag-invoicing","tag-multifamily","tag-payments","tag-vendor-management","tag-vendorcafe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"A vendor provides a product or service for a property management company. Then they get paid, the sooner the better. That\u2019s the theory, at least. In\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardi.com\/blog\/pay-vendors-faster\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pay Vendors Faster\" \/>\n<meta property=\"og:description\" content=\"A vendor provides a product or service for a property management company. Then they get paid, the sooner the better. That\u2019s the theory, at least. 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