KCL Property Ltd. Moves to Cut Cycle Times with Yardi Advanced Budgeting & Forecasting

New Zealand-based property manager also implements browser-agnostic Software as a Solution core technology platform

Sydney, Australia, Dec 2013 – Since becoming a Yardi client in 2007, New Zealand-based commercial property management company KCL Property Ltd. has used its Yardi Voyager®property management and accounting platform to improve service to its investors, property owners and tenants. Its most recent actions toward this end involved automating its budgeting process with Yardi Advanced Budgeting & Forecasting™ and adopting the newest Software as a Service (SaaS) version of Yardi Voyager.

KCL Property will use Yardi Advanced Budgeting & Forecasting to generate budget projections for property-related revenue and expenses with tenant lease data drawn directly from Yardi Voyager. “This automated, flexible solution contains several features that will make our annual budgeting cycle shorter, more accurate and more efficient,” said Adrian Leach, group accountant for KCL Property. “By building our budgeting solution into Voyager rather than importing and exporting data, we shorten our forecast preparations and update actuals and run variance reports in real time. When necessary, we can reforecast monthly and quarterly budgets using actuals at the click of a button. Multiple staff members can work on portions of budgets, which is more efficient than a single user working on one budget at a time. All this is possible because we no longer need to rely on Excel spreadsheets, which are not only open to user error but can also be inaccurate and time consuming to maintain.”

KCL Property complemented its new budgeting solution by upgrading to Voyager SaaS, a browser-agnostic platform that’s optimised for easy technology upgrades and adoptions, mobile access, compliance, security and business continuity.

“We are pleased that KCL Property continues to leverage Voyager as a dynamic platform whose functionality can be easily expanded with new modules. This flexibility helps the company meet new business requirements, achieve efficiency targets and grow its portfolio,” said Neal Gemassmer, Yardi vice president for Asia Pacific & Middle East.

About KCL Property Ltd.

KCL Property Ltd., based in New Plymouth (with an office in Auckland), New Zealand, was formed in 1993 and is a commercial property company with a strong national and international focus. It manages retail, industrial and other commercial property valued at more than $750 million (NZD) in New Zealand and in Brisbane, Australia. For more information, visit www.kclproperty.com.

About Yardi

Now in its fourth decade, Yardi is committed to the design, development and support of software for real estate investment management and property management. The Yardi Voyager®platform is the most comprehensive single real estate management platform on the market today, and includes operations, accounting and ancillary services with portfolio-wide business intelligence and platform-wide mobility. Yardi serves clients around the world from offices in Australia, Asia, the Middle East, Europe and North America. More information about Yardi products and services is available at www.yardi.com.au.

Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255