SANTA BARBARA, CALIF., Dec. 14, 2010 – Commercial real estate developer Pyramid Management Group Inc. has selected Yardi Voyager™ as its property management and accounting platform.
Pyramid previously used several financial and operational accounting systems. The company is seeking to operate more efficiently by adopting a new commercial real estate management platform that converges all accounting, billing, escalation, percentage rent processing and budgeting and forecasting functions.
“Over the next year we plan to find efficiencies and new ways of streamlining business processes. A key step involves eliminating multiple business application platforms by introducing Yardi Voyager and Yardi Budgeting and Forecasting to our back office operations,” said Tim Kelley, president of Pyramid Management Group. “We also have the option to add products from the Yardi Commercial Suite™ that could eventually automate many front office business functions within Voyager, including customer relationship management and online leasing.”
Pyramid will rely on Yardi’s Professional Services Group for full-service implementation of Yardi Voyager. “Yardi PSG looks forward to working with Pyramid to understand their business processes. Our goal is to help them engineer the system so they maximize its potential,” said Fritz Schindelbeck, vice president of professional services for Yardi.
“As a leader in retail development and management, Pyramid will need a system that can scale as their business grows. We are pleased that Pyramid can standardize their operations on a platform that will help them operate more efficiently across their entire organization,” said Terri Dowen, senior vice president of sales for Yardi.
About Pyramid Management Group Inc.
Pyramid, established in 1970 and based in Syracuse, N.Y., develops and manages retail, entertainment, recreation and tourism centers in New York and Massachusetts. It is one of the largest privately held managing agents of shopping centers in the U.S. The company’s portfolio includes 18 regional shopping centers encompassing 20 million square feet with approximately $4.5 billion in annual revenues and 187 million annual customer visits. For more information, visit www.pyramidmg.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