SANTA BARBARA, CALIF., November 07, 2013 – Yardi announced today that Boyd Management Inc. (BMI), an affordable housing management firm based in South Carolina, has begun the process of upgrading its software and database hosting service to Yardi SaaS Select. BMI has also initiated implementation efforts to add Yardi Procure to Pay™ and Yardi Payment Processing™ to its Yardi Voyager® property management and accounting platform.
“We have been a Yardi-hosted client since 2008, and have been pleased with Yardi’s hosting services,” said Teresa M. Helms, senior project manager for BMI. “Migrating to SaaS Select opens up new possibilities to expand our Voyager platform and take advantage of the browser-agnostic features of Yardi Voyager 7S.”
With Yardi SaaS Select, BMI has its own installation of the application and its own secure database, providing the ability to control versions and upgrades. BMI can create and maintain custom tables and reports and standard interfaces within the SaaS environment.
BMI oversees the daily operations of over 350 residential properties with more than 12,500 units located in five states across the southeastern United States. Ninety-five percent of BMI’s properties include affordable housing units developed with Rural Development, Low Income Housing Tax Credit, and HOME fund subsidies. “Compliance reporting for these subsidies is very effective with Voyager,” said Helms. “We can provide detailed reports to our housing development partners and auditors without having to print stacks of paper because the data is now so much more readily available.”
The expansion of BMI’s Yardi Voyager platform also includes implementation of Yardi Payment Processing Processing. BMI expects this addition to create efficiencies for residents by offering new rent payment options. “Many of our residents have asked about the possibility of making payments using debit cards,” said Helms. “Adding Yardi Payment Processing will enable us to offer our residents that convenience.”
“There are many benefits to migrating to SaaS Select,” said Mark Livanec, vice president of affordable housing sales and public housing sales for Yardi. “For example, Voyager 7S will give BMI easier access to the online procurement and payment solutions offered by Yardi Procure to Pay, saving them time and money in the future.”
About Boyd Management Inc.
Boyd Management Inc. opened in 1985 out of a need to provide professional management for residential properties that had been recently developed. Initially BMI managed fewer than 20 properties and has now grown to be one of the largest privately held management firms in the Southeast. This growth is a result of outside owners and agencies recognizing BMI’s abilities and desire to expand the company. BMI’s portfolio consists primarily of low-income housing rural areas from North Carolina to Florida. For more information, visit www.boydmanagement.com.
Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Commercial Suite™, Yardi Multifamily Suite™, Yardi Investment Suite™, and Yardi Orion™ Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility. Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in North America, Asia, Australia, Europe and the Middle East. For more information, visit www.yardi.com.
Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255