Canadian developer includes electronic invoice processing and construction management solutions as part of new technology platform
SANTA BARBARA, CALIF., Jan. 14, 2016 – Toronto-based developer and investor Hullmark Developments Ltd. anticipates reducing the time needed to prepare financial reports, process invoices and manage construction projects with new solutions from Yardi®.
Yardi Voyager®, Hullmark’s new mobile-enabled and tablet-compatible property management and accounting platform, will automate leasing workflow and eliminate the company’s dependence on spreadsheets and manual data entry in generating financial reports. Yardi Procure to Pay™ will cut hours from Hullmark’s invoice processing by scanning invoices into electronic transactions and automating the approval workflow through vendor payment. Yardi Construction Management™ will automate job costing and receivables for Hullmark’s construction lifecycle.
“The manual reporting and interfaces between different applications and spreadsheets that our previous software required was not the best use of our time. These products will automate reporting and eliminate user errors while saving time, which saves us money,” said Jason Markoulakis, controller for Hullmark.
“We are pleased to provide Hullmark with the foundation of a full business solution. Just as they added Procure to Pay and Construction Management to Voyager, they can easily adopt other solutions to manage other business operations, such as investment management and budgeting, as the need arises,” said Peter Altobelli, vice president of sales and general manager, Yardi Canada.
About Hullmark Developments Ltd.
Hullmark Developments Ltd., founded in 1950 and based in Toronto, is a real estate investment and development team that is committed to shaping a vibrant and transforming urban Toronto. The company manages 17 office and retail properties in Ontario, five of which are joint ventures, and manage themselves and through third parties. In the 1970s, Hullmark pioneered the development of condominiums in the Toronto suburbs. For more information, visit www.hullmark.ca.
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™, the 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.