SANTA BARBARA, CALIF., March 27, 2008 — Yardi Systems, the global leader in asset and property management software, is pleased to welcome Silverado Senior Living, Inc. to the growing Yardi Voyager Senior Housing user community.
As a nationally recognized leading provider of specialized care for those with Alzheimer’s, Parkinson’s, vascular and other memory impairment diseases, Silverado offers a full continuum of services from earliest onset of the disease through end-of-life care. Silverado currently operates 16 communities (1,021 beds), as well as Care Management, Home Care and Hospice services throughout Texas, California and Utah, with continued expansion planned for 2008. Silverado also participates in a number of research affiliations with leaders in the field of Alzheimer’s disease including University of California, San Diego, UCLA, USC, UCI, Baylor College of Medicine and University of Utah.
As a privately owned organization with investors, executives at Silverado recognized the need for a transparent system that could centralize operations and streamline workflow throughout their multi-state portfolio. With 16 communities and 150 users, and expected growth in 2008, Rick Barker, Vice President of IT, looked for a browser-based, ERP real estate system to support multiple areas of the business–finance, marketing, care, and general property management–under one umbrella. After carefully reviewing solutions offered by a variety of vendors, Rick identified Yardi Voyager Senior Housing as the best solution to support these requirements and corporate initiatives.
Not only will corporate executives gain full transparency of operations and enhanced investor reporting, but every area of the business will be centralized in one system, eliminating the need for the IT department to support disparate systems throughout multiple departments and locations. “With the implementation of Voyager Senior Housing,” said Barker, “we see an opportunity for substantial cost savings through the elimination of duplicate data entry, currently three to four times in our non-integrated systems, and substantially improved operational efficiencies. We recognize the importance of streamlined processes and a transparent system, and Yardi’s secure ERP system supports these initiatives very well,” he continued. The addition of Yardi’s browser-based, singular database system also exemplifies the sophisticated vision of Silverado’s management in an effort to increase marketability and corporate valuation upon an Initial Public Offering.
With an aggressive implementation plan completed by Yardi’s Professional Services team, training throughout the Silverado organization is well under way with staff anxiously anticipating a “better way” to do business.
About Silverado Senior Living, Inc.
Silverado Senior Living, Inc. is a nationally recognized leader in providing specialized care for those with Alzheimer’s, Parkinson’s, vascular and other memory impairment diseases. Silverado offers a full continuum of services, providing care from earliest onset through end of life. Silverado currently operates 16 communities (1,021 beds) in California, Texas and Utah. Each community provides specialized long-term, short-term and day services. Silverado also provides Home Care/Care Management services through Silverado At Home and end-of-life care through Silverado Hospice. Silverado has a number of research affiliations with leaders in the field of Alzheimer’s disease including University of California, San Diego, UCLA, USC, UCI, Baylor College of Medicine and University of Utah. Silverado Senior Living, Inc. was founded in 1996. For more information about Silverado Senior Living, see our website at www.silveradosenior.com.
About Yardi
Yardi Systems is the global leader in the design, development, and support of integrated Asset and Property Management software for organizations of all sizes. For more than 25 years, Yardi’s technology and services have led the industry through responsiveness and innovation, becoming the premier application for real estate software solutions worldwide. Yardi’s software is client-driven and serves more than 15,000 businesses, corporations, and government agencies, representing more than 5 billion square feet of commercial space and 5 million residential units globally.
Headquartered in Santa Barbara, California, Yardi Systems has offices throughout the United States, Canada, Europe, Asia, and Australia. 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