Voyager Suite
Virtuoso
Investment Suite
RentCafe Suite
REACH by RentCafe
CommercialCafe Suite
Elevate Suite
Procure to Pay Suite
Aspire
Yardi Kube Suite
Yardi Corom
CLIENT SUCCESS STORY
Othrys
Yardi is an interdepartmental solution that centralises operational management and data. Yardi reduces sources of error because the calculation engine is reliable and everything is automated. The data extraction format and reporting from Yardi are exportable and usable for our customers in France and abroad. The PM team at Othrys has increased its productivity, and the availability and accuracy of information give the team real peace of mind during audits with the external auditors.
Ilham Awarid
Accountant, Othrys
Products featured
The benefits
- 80% Time saved on invoicing
- 50% Time saved on bill payment
- 75% Time saved on direct debits, collections and more
- 30% Reduction in collections
The company
“Rooted in a strong entrepreneurial culture, our ambition is to combine the financial performance of our real estate investments and a sustainable contribution to the development of the local economy.”
Founded in 2013, Othrys is an independent investment company specialised in operational real estate. Its portfolio includes 128 real estate assets, composed mainly of logistics and light-industrial warehouses, retail parks, and shopping centres in France.
The challenge
Othrys originally relied on multiple systems and spreadsheets, which became challenging to centralise invoices and store information. Reporting and extractions had also become time-consuming due to large Excel files and manual processes. As a result, two to three dunning campaigns per month would take considerable time and hinder quick follow-ups and traceability. The company needed a solution that would consolidate its data, remove manual tasks and help the team save time.
The solution
Othrys implemented Yardi Voyager for commercial property management. It provides a central platform to manage the entire business lifecycle, including operational, financial, leasing and maintenance activities from a single database.
By centralising data, Othrys has increased data accuracy and saved time by accessing all information for its commercial portfolio in a single location.
The story
Implementing Yardi has enabled Othrys to optimise resources and manage a larger commercial portfolio with fewer overhead costs.
The reporting features have allowed the team to export data more efficiently, thus saving 80% of time on invoicing, 50% on bill payments, and 50% on direct debits, collections, and processes. The company has also had a 30% reduction in collections.
In addition, Yardi Voyager has delivered fast, efficient lease and new supplier creation, streamlining the process.