Canadian real estate investor, developer and manager will gain full visibility of utility data for its residential portfolio
SANTA BARBARA, Calif., Sept. 26, 2018 – QuadReal Property Group needed a utility expense management system that could seamlessly handle 12,000 residential units at 45 properties. The company selected Yardi® Utility Expense Management, part of the Yardi® Smart Energy Suite, to receive, validate and complete utility bill payments.
The system receives account information and utility data directly from utility providers and stores it in the Yardi Voyager® property management and accounting system. Yardi Utility Expense Management will streamline QuadReal’s entire billing process, relieve staff of time-consuming data entry and enable comprehensive energy management and reporting.
“The benefits of Yardi Utility Expense Management will be enormous, said Christine Williams, controller for QuadReal’s residential unit. “Yardi will investigate anomalies that could indicate equipment malfunctions. We will receive reports and trend analyses that will help our bottom line. High-quality energy data will be automatically integrated into the budgeting process, saving us time. And the solution is scalable to accept any number of new properties, which is important for growth and acquisition activity.”
“Yardi Utility Expense Management will let QuadReal focus on customer-facing work, not back office data entry. Christine and her team will receive consumption data and invoice support that will increase staff efficiency and positively impact the bottom line,” said Peter Altobelli, vice president and general manager at Yardi Canada Ltd.
Download a brochure to learn how the Yardi Smart Energy Suite can help create an energy program that suits the needs of any real estate business.
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, California, and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.