{"id":335533,"date":"2021-09-07T15:11:35","date_gmt":"2021-09-07T22:11:35","guid":{"rendered":"https:\/\/www.yardi.com\/?post_type=yardi-testimonials&#038;p=335533"},"modified":"2021-09-07T15:11:38","modified_gmt":"2021-09-07T22:11:38","slug":"ronmor-holdings-on-procure-to-pay","status":"publish","type":"yardi-testimonials","link":"https:\/\/www.yardi.com\/en-gb\/about-us\/success-stories\/ronmor-holdings-on-procure-to-pay\/","title":{"rendered":"Ronmor Holdings on Procure to Pay"},"content":{"rendered":"<div class=\"uk-container-expand uk-cover-container uk-height-medium uk-background-secondary uk-light uk-margin uk-flex uk-flex-center uk-flex-middle\">\n    <div class=\"uk-position-cover uk-background-image uk-background-cover uk-flex uk-flex-center uk-flex-middle\" style=\"background-image:url(https:\/\/www.yardi.com\/wp-content\/plugins\/cmw-client-success\/public\/images\/generic\/3.jpg);\">\n    <div class=\"uk-width-4-5 uk-margin-auto uk-grid\">\n        <div class=\"uk-width-1-1 uk-width-auto@m uk-text-center uk-text-middle uk-overlay uk-overlay-primary uk-light uk-padding-small\" style=\"border:4px solid #fff;\">\n            <p class=\"uk-h2 uk-text-bold\">Client Success<\/p>\n        <\/div>\n        <div class=\"uk-width-expand uk-text-left uk-text-middle uk-overlay uk-overlay-primary uk-light uk-padding-small uk-visible@m\" style=\"border:4px solid #fff; border-left:0px; min-width: 200px;\">\n            <p class=\"uk-h2 uk-text-bold\">Ronmor Holdings, Inc.<\/p>\n        <\/div>\n        <div class=\"uk-width-expand uk-text-left uk-text-middle uk-overlay uk-overlay-primary uk-light uk-padding-small uk-hidden@m\" style=\"border:4px solid #fff; border-top:0px; min-width: 200px;\">\n            <p class=\"uk-h3 uk-text-bold\">Ronmor Holdings, Inc.<\/p>\n        <\/div>\n    <\/div>\n    <\/div>\n<\/div>\n<div class=\"uk-container-large uk-margin-auto uk-padding-small uk-padding-remove@m\">\n<!-- breadcrumbs & download link -->\n        <div class=\"uk-align-left\">\n        <p class=\"uk-text-small\" id=\"breadcrumbs\"><span><a href=\"https:\/\/www.yardi.com\/\">Home<\/a> \u00bb <span>\n            <a href=\"https:\/\/www.yardi.com\/about-us\/success-stories\/\">Success Stories<\/a> \u00bb \n            <span class=\"breadcrumb_last\" aria-current=\"page\">Ronmor Holdings on Procure to Pay<\/span><\/span><\/span><\/p>\n        <\/div>\n        <div class=\"uk-text-right\">\n            <p class=\"uk-text-small\" ><a href=\"https:\/\/www.yardi.com\/en-gb\/about-us\/success-stories\/ronmor-holdings-on-procure-to-pay\/?format=pdf\" target=\"_blank\" class=\"uk-link-text\">view\/download the pdf<\/a><\/p>\n        <\/div>\n<\/div>\n<div class=\"uk-clearfix\"> <\/div>\n\n<div class=\"uk-container-expand\">\n    <div class=\"uk-grid uk-grid-collapse uk-overflow-hidden\" uk-grid uk-height-match>\n        <div class=\"cmw-hm uk-width-2-3@m\">\n            <div class=\"uk-padding-large uk-padding-remove-vertical\">\n                <div uk-slider=\"center: true\">\n                    <div class=\"uk-position-relative uk-visible-toggle\" tabindex=\"-1\">\n                        <ul class=\"uk-slider-items uk-padding-horizontal uk-child-width-2-3@s uk-grid\">\n                                                                                    <li>\n                                <div class=\"\">\n                                    <blockquote>\n                                        <p class=\"uk-margin-small-bottom\">You have more accurate reporting, and better vendor management after adopting Yardi Procure to Pay.<\/p>\n                                        <footer class=\"uk-text-right\">Ravi Pandarinath, Controller<\/footer>\n                                    <\/blockquote>\n                                <\/div>\n                            <\/li>\n                                                        <li>\n                                <div class=\"\">\n                                    <blockquote>\n                                        <p class=\"uk-margin-small-bottom\">We implemented Procure to Pay right away, after day one you will never look back. I strongly recommend going down that road.<\/p>\n                                        <footer class=\"uk-text-right\">Ravi Pandarinath, Controller<\/footer>\n                                    <\/blockquote>\n                                <\/div>\n                            <\/li>\n                                                        <li>\n                                <div class=\"\">\n                                    <blockquote>\n                                        <p class=\"uk-margin-small-bottom\">The system is quite empowering because it&#8217;s available to everyone in the organization, so it doesn&#8217;t really matter what level you&#8217;re at; if you need information, it&#8217;s easily accessible to you.<\/p>\n                                        <footer class=\"uk-text-right\">Ravi Pandarinath, Controller<\/footer>\n                                    <\/blockquote>\n                                <\/div>\n                            <\/li>\n                                                                                <\/ul>\n                        <a class=\"uk-position-center-left uk-position-small uk-hidden-hover\" href=\"#\" uk-slidenav-previous uk-slider-item=\"previous\"><\/a>\n                        <a class=\"uk-position-center-right uk-position-small uk-hidden-hover\" href=\"#\" uk-slidenav-next uk-slider-item=\"next\"><\/a>\n                    <\/div>\n                    <ul class=\"uk-slider-nav uk-dotnav uk-flex-center uk-margin\"><\/ul>\n                <\/div>\n            <\/div>\n            <div class=\"uk-padding-large uk-padding-remove-vertical\">\n                <div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Company<\/h3>\n<p class=\"uk-margin-remove\">Ronmor Holdings, Inc. is a third-generation private real estate company with a portfolio that includes retail centres, office buildings, industrial properties and one of the largest private land holdings in Alberta. Focusing on retail and shopping centres, Ronmor aims at developing and retaining ownership of its innovative and sustainable projects.<br><br>The company has planned expansion into the U.S., specifically California and Arizona to continue with development and management.<br><\/p>\n<\/div>\n\n<div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Challenge<\/h3>\n<p class=\"uk-text-bold uk-margin-remove\">Exiting Excel and Paper<\/p>\n<p class=\"uk-margin-remove\">Ronmor found that staff was heavily relying on Excel to help run their day-to-day operations and needed an integrated solution to minimize their use of disparate systems and manual calculations. This challenge cascaded into difficulties with running invoices and required extensive approval cycles. Consequently, Ronmor felt the need to eliminate paper and move towards electronic solutions, a change that would prime them for remote working conditions.<br><\/p>\n<\/div>\n\n<div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Solution<\/h3>\n<p class=\"uk-text-bold uk-margin-remove\">Yardi Procure to Pay Suite<\/p>\n<p class=\"uk-margin-remove\">Yardi Procure to Pay helps organizations like Ronmor go paperless, eliminates spreadsheets and reduces the usage of disparate systems. Processing payments electronically, streamlining vendor transactions and centralizing procurement information in a single system of record, are key components of long-term success. For Ronmor, the electronic processing and approvals led to higher levels of productivity and efficiency, increased accountability and more transparency into invoice status.<br><\/p>\n<\/div>\n\n<div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Story<\/h3>\n<p class=\"uk-text-bold uk-margin-remove\">Reducing touchpoints to increase productivity<\/p>\n<p class=\"uk-margin-remove\">Ronmor Holdings is a successful, growing organization in Alberta, focusing on the management of retail and shopping centres. In 2017, they realized that they were spending a considerable amount of time and effort working on multiple Excel spreadsheets with their previous property management software. This discovery led them to start using Yardi Procure to Pay in 2018. During the implementation, they immediately noticed the impact of a dedicated support team. \u201cThe major thing with Procure to Pay is the incredible integration,\u201d said Ravi Pandarinath, controller. They benefit from the increased software accessibility created by the seamless communication with other Yardi products.<br><br>Before implementing Procure to Pay, Ronmor was having difficulties with approval workflows. As Pandarinath said, several people in each department would individually review each step and the invoice causing redundancies in the review process. Now, with electronic sign off, limit and timestamped approvals, it provides a level of accountability they didn\u2019t have before. In addition, the departments prefer searching the GL with a click of their mouse, over digging through filing cabinets or hunting for cheque numbers. The time savings are also noticeable when it comes to retrieving invoices from multiple suppliers, which could otherwise take hours in their previous software. With a click, they now have descriptions, details and supporting documents right at their fingertips.<br><br>Most of their payables are now processed in under 5 days, a significant improvement from where they stood before the Yardi implementation. Their team relies on a \u201cstrong and stable [platform], we don\u2019t get crashes and we don\u2019t worry about data integrity or data loss with Yardi,\u201d Pandarinath said. The boost in software confidence combined with remote authorizing capabilities are key elements to their tech adoption success.<br><\/p>\n<\/div>            <\/div>\n            <div><\/div>\n\n\n        <\/div>\n        <div class=\"cmw-hm-target uk-width-1-3@m uk-flex-first@m\" >\n\n            \n            <div class=\"uk-display-block uk-width-1-1 uk-padding-remove uk-height-1-1 uk-margin-remove uk-cover-container\">\n                <div class=\"uk-position-cover uk-background-image uk-background-repeat\" style=\"background-image:url(https:\/\/www.yardi.com\/wp-content\/plugins\/cmw-client-success\/public\/images\/plus_dark_tileable.png);\"><\/div>\n                <div class=\"uk-position-relative uk-margin-left\">\n                    <div class=\"sidebar-inner uk-width-2-3@l uk-float-right uk-margin-small-right\">\n                        <p class=\"uk-text-muted uk-margin\">Overview<\/p>\n\n                        <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-small\">Markets<\/p>\n                            <ul class=\"uk-list cmw-list-condensed uk-margin-remove \">\n                                                                                                    <li>Commercial<\/li>\n                                                            <\/ul>\n                        <\/div>\n                                                    <div class=\"uk-margin\">\n                                <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">Portfolio<\/p>\n                                <p class=\"uk-margin-remove\">40 properties<br>2M+ square feet of commercial properties<\/p>\n                            <\/div>\n                                                                            <div class=\"uk-margin\">\n                                <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">Client Since<\/p>\n                                <p class=\"uk-margin-remove\">2018<\/p>\n                            <\/div>\n                                                <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-small\">Product Highlighted<\/p>\n                            <ul class=\"uk-list cmw-list-condensed uk-margin-remove \">\n                                                            <li><a href=\"\/products\/yardi-procure-to-pay\" target=\"_blank\" >Procure to Pay Suite<\/a><\/li>\n                                                        <\/ul>\n                        <\/div>\n                        <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-small\">Additional Products<\/p>\n                            <ul class=\"uk-list cmw-list-condensed uk-margin-remove \">\n                                                            <li>Voyager 7S<\/li>\n                                                            <li><a href=\"\/products\/voyager-for-construction\/\" target=\"_blank\" >Job Cost<\/a><\/li>\n                                                            <li><a href=\"\/products\/yardi-payment-processing\/\" target=\"_blank\" >Payment Processing<\/a><\/li>\n                                                            <li><a href=\"\/products\/yardi-deal-manager\/\" target=\"_blank\" >Deal Manager<\/a><\/li>\n                                                            <li><a href=\"\/products\/forecast-manager\" target=\"_blank\" >Forecast Manager<\/a><\/li>\n                                                            <li><a href=\"\/products\/facility-manager\/\" target=\"_blank\" >Facility Manager<\/a><\/li>\n                                                        <\/ul>\n                        <\/div>\n                                                    <div class=\"uk-margin\">\n                                <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">The Benefits<\/p>\n                                <p class=\"uk-margin-remove\">Ronmor Holdings is using the Procure to Pay Suite to go paperless and reduce invoice processing times to 5 days.<\/p>\n                            <\/div>\n                                                                        <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">About Ronmor Holdings, Inc.<\/p>\n                            \n                                <p class=\"uk-margin-remove\">Ronmor.ca<\/p>\n\n                                                    <\/div>\n                                                <div class=\"uk-margin\">\n                            <a class=\"uk-button uk-button-default\" href=\"\/about-us\/request-information\">Request Info<\/a>\n                        <\/div>\n       \n             \n                    <\/div>\n                <\/div>\n            <\/div>\n        <\/div>\n    \n    <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":607,"template":"","yardi-market":[],"yardi-product":[1533],"class_list":["post-335533","yardi-testimonials","type-yardi-testimonials","status-publish","hentry","yardi-product-procure-to-pay"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ronmor Holdings on Procure to Pay - Yardi<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ronmor Holdings on Procure to Pay\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/about-us\/success-stories\/ronmor-holdings-on-procure-to-pay\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi\" \/>\n<meta property=\"article:modified_time\" 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