Stirling Properties, one of the largest real estate firms in the Gulf South, selected Yardi Voyager
SANTA BARBARA, CALIF., Aug 09, 2010 – Stirling Properties, one of the largest real estate firms in the Gulf South, selected Yardi Voyager™ to manage a growing portfolio of industrial, office and retail properties that encompasses 102 properties and 9 million square feet. The company serves more than 1,200 tenants.
“With Voyager’s centralized, integrated platform we can quickly perform portfolio-wide analyses that will let us drill down to the transaction level. This will make our reporting more efficient,” said Paul Mastio, Stirling Properties’ senior vice president of accounting and operations. “A centralized system will also enable us to adopt a highly efficient ‘one-stop shop’ for managing our facilities that will include property maintenance, work orders, purchase orders, and fixed asset depreciation.”
Mastio added, “We anticipate being able to grow more aggressively with the efficiencies and controls available from Voyager.”
Standardizing property management and accounting on Yardi Voyager will enable Stirling Properties to increase the platform’s value with products from the Yardi Commercial Suite™. Stirling Properties will use Yardi PAYscan™ to scan paper invoices into electronic transactions, automate online approval workflows that are customized according to the company’s approval rules, and make vendor payments by electronic funds transfer. Yardi CHECKscan™ will automate tenant payment processing by scanning paper checks into electronic images. It will also automate charge-matching and enable same-day deposits to the bank.
Yardi Executive Dashboard™, a business intelligence automation tool, will present key performance indicators and analytics drawn from Voyager on user-configurable screens. “Our top executives will have real-time access to crucial business intelligence through Executive Dashboard without the inconvenience of waiting for manual analysis or logging in to a separate system,” Mastio said.
“We are excited that Stirling Properties has become the most recent retail client to migrate to Yardi from other systems. We will partner with Stirling to provide an end-to-end solution that promotes their green initiatives with paperless processing while helping them operate effectively,” said Terri Dowen, Yardi senior vice president of sales.
About Stirling Properties
Stirling Properties is a regional real estate firm offering comprehensive services in development; commercial brokerage; property and asset management; investment sales; property owner and tenant representation; and residential real estate services. With over $500 million in combined sales and employing almost 350 professionals, Stirling Properties has a portfolio that includes 9 million square feet of managed property and 14 million square feet of commercial properties for sale or lease. With offices located in Jackson, Miss.; and Baton Rouge, Lafayette, New Iberia, New Orleans, Metairie, Mandeville, Shreveport/Bossier City, Hammond, Covington and Ascension in Louisiana, Stirling has become one of the largest real estate firms in the Gulf South. Stirling Properties can be found on the Web at www.stirlingproperties.com.
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 www.yardi.com.
Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255