Residential property owner, builder and manager Investco Financial Corporation recently automated its utility billing collection by adopting Yardi EBS
SANTA BARBARA, CALIF., Nov. 30, 2010 – Residential property owner, builder and manager Investco Financial Corporation recently automated its utility billing collection by adopting Yardi EBS Utility Billing™. The company has also implemented new online marketing and resident services with Yardi Portal™ and applicant screening with Yardi Resident Screening™.
Prior to 2010, Investco engaged another company to measure utility consumption and allocate, bill and collect payments. Investco sought more efficient utility management by integrating automated billing and collection with its core property management platform.
“Yardi EBS Utility Billing’s convergence with our Yardi Voyager™ property management and accounting platform streamlines our business. There are no interfaces with a third-party system,” said Missy Castaneda, regional manager for Investco. “Performing the entire utility allocation and billing process within Voyager saves our property managers up to 150 hours of labor per month. By automating the collection of move-out charges, we also ensure that departing residents make their final payments.”
Investco also adopted Yardi Portal, whose dynamic link with Yardi Voyager lets Investco’s prospects see real-time unit availability. Furthermore, Yardi Portal gives residents numerous online self-service capabilities. “Portal helps us reach a nationwide pool of prospects and helps them find living space before they move to the Seattle area. And our residents can enter service requests, renew their leases or make credit card rent payments from home,” Castaneda said.
Investco conducts credit, criminal, rental history and employment verification screening with Yardi Resident Screening. “Doing our screening within Voyager, without needing a separate system, speeds up our approval process. The result is more thorough background checks and less risk in selecting residents,” Castaneda said.
“We are pleased that Investco has been able to bring new value to its front office operations by building utility billing, portal and applicant screening onto its Voyager System,” said Terri Dowen, senior vice president of sales for Yardi.
About Investco Financial Corporation
Investco Financial Corporation based in Sumner, Wash., is a privately held real estate investment company focused in the Pacific Northwest and Southern California. Since the company’s inception in 1983, Investco’s strategy has been to own, build and manage real property creating value today and contributing to the community of tomorrow. Its affiliated company, Investco Management Services, performs commercial and resident property management services for the real estate assets owned and managed by Investco. For more information, visit www.investco.com.
Yardi Systems has been committed to the design, development and support of real estate investment management and property management software for nearly 30 years. With its Yardi Multifamily Suite™, Yardi Commercial Suite™ and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.
Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255