PRG Real Estate Management Inc. Progresses Toward Paperless with Yardi Multifamily Suite


PRG Real Estate Management Inc. has streamlined key business processes by adopting products from the Yardi Multifamily Suite�

SANTA BARBARA, CALIF., May 24, 2010 – PRG Real Estate Management Inc. has streamlined key business processes by adopting products from the Yardi Multifamily Suite™ — Yardi Procure to Pay™, Yardi Payment Processing™, and Yardi Portal™ — that expand the capabilities of the company’s Yardi Voyager™ property management and accounting system.

Aiming to create a paperless work environment, PRG sought new solutions for several aspects of its business, including building maintenance supply procurement, rent collection, and marketing. Eliminating multiple platforms was crucial to the initiative’s success.

Yardi Procure to Pay will shorten PRG’s invoice processing cycle time with automated workflows. Also, by purchasing goods and services exclusively from approved suppliers at pre-negotiated rates, the company will gain greater budget oversight. “In addition, routing approvals and vendor payments electronically, rather than copying invoices and mailing them around our offices, will save us a lot of money and paper,” said Dilan Desilva, PRG’s chief technology officer.

PRG anticipates reducing rent payment processing costs with Yardi Payment Processing, which gives residents the option to pay rent online through Yardi Portal. For residents who pay with checks or money orders, the company will use Yardi CHECKscan™ to scan those payments as electronic transactions. “Payment Processing will save staff time and money by eliminating trips to the bank,” Desilva said.

With Yardi Portal, PRG displays real-time unit availability using dynamic integration between the company’s property websites and Yardi Voyager. “We anticipate improving occupancy rates across our portfolio as a result,” Desilva said.

Yardi also provides hosting services to PRG through its Application Service Provider (ASP) cloud computing model. With ASP, Yardi serves and maintains the Voyager application and database for PRG from its data center. Yardi assumes responsibility for all application updates, network security, hardware, bandwidth and infrastructure, allowing PRG to focus on its principal business.

“PRG has identified moving information efficiently as a top priority. Yardi is pleased to be their partner on technology initiatives that support this goal while improving productivity, driving down costs, and eliminating paper,” said Terri Dowen, Yardi senior vice president of sales.

About PRG Real Estate Management Inc.

PRG, based in Philadelphia, owns and manages over 14,000 apartments in 51 multifamily communities in 11 states. PRG strives to offer residents, employees and investors solid value by transforming properties through capital investment and reliable management. Significant additions to PRG’s portfolio in 2009 included 356-unit Chinoe Creek in Lexington, Ky., 201-unit Lake Johnson Mews in Raleigh, N.C., and 292-unit Landmark Apartments in Raleigh, since renamed The Villages of Lake Boone Trail. For more information, visit

About Yardi

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. 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

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