Real estate investor and developer will improve reporting and mitigate risk with full-business Software as a Service solution
SANTA BARBARA, CALIF., Jan. 16, 2014 – National real estate investment company Encore Enterprises Inc. found that managing its portfolio of widely dispersed commercial and residential properties with different technology platforms was increasingly untenable. As a remedy, the company elected to adopt Yardi Voyager as its end-to-end business platform for property management, accounting and investment management.
Encore operates in many different sectors, ranging from office portfolios to restaurants and resort operations. Using separate technology platforms for each proved inefficient, did not provide scalability, and lacked resources for investment management. “We found Voyager to be the only solution that combines our entire portfolio into one version of the truth.” said Mahesh Shetty, chief operating officer and chief financial officer for Encore. “Voyager satisfies all of our vertical market management obligations by eliminating the reconciling issues that came with the manual exchange of data between systems.”
Yardi Voyager, a Software as a Service property and asset management system, will make real-time portfolio data and up-to-the-minute reporting available on demand to Encore. Compliance monitoring and risk reduction will be aided by role-based dashboards, workflows, critical data notification and analytics.
Adding Yardi Investment Management to Yardi Voyager will automate Encores entire investment accounting, performance measurement and investor reporting cycle, allowing the company to mitigate risk more effectively with new tools for compliance monitoring and enhanced business intelligence.
“Yardi Investment Management allows full portfolio oversight and lets us manage the entire investment cycle, from the investor to the individual asset, and follow that cycle all the way through distributions and investor reporting,” Shetty said.
About Encore Enterprises Inc.
Encore Enterprises Inc., a privately owned national real estate investment company founded in 1999, has its corporate headquarters in Dallas. Encore develops, acquires and manages hotels, multifamily communities, retail shopping centers, commercial offices and public-private mixed use developments. For more information, visit www.encore.bz or call 214-259-7000.
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 Multifamily Suite, Yardi Commercial Suite, Yardi Investment Suite and Yardi OrionBusiness Intelligence, the Yardi Voyagerplatform 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