SANTA BARBARA, CALIF., Feb. 8, 2010 – Yardi Systems announced today that San Francisco-based AMB Property Corporation, a leading owner, operator and developer of industrial real estate, has selected Yardi Voyager™ and the Yardi Investment Suite™ as the property and financial management platform for its 155-million-square-foot global portfolio.
AMB required centralized control of its property management, accounting, and investment management to drive consistent growth and profitability. Replacing three legacy systems and centralizing its global operations on a single platform using one database were the company’s principal criteria. With complete centralization, AMB could consolidate across its global portfolio with ease, gaining complete visibility into every investment to any level of detail.
Yardi Voyager and the Investment Suite will help AMB achieve its objectives by automating consolidation, reporting and distribution functions. They will also help generate accurate valuations and multi-year cash flow budgeting. By automating calculations in the valuation process, the Investment Suite reduces data entry and eliminates reliance on error-prone spreadsheets.
“The Yardi property management, accounting and investment management tools comprise the integrated solution we need to increase transparency while supporting our compliance requirements,” said Wayne Pryor, AMB’s chief information officer. “As a fully integrated system, Voyager reflects changes to our property leases and expenses in real time. Using real-time portfolio-wide analytics and key performance indicators that the Investment Suite draws from Voyager, we can drill down on any asset, all the way to the transaction level.”
Yardi Systems has been committed to the design, development, and support of real estate investment management and property management software for more than 28 years. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services may be found by visiting www.yardi.com.
Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255