Verity Properties Inc. adopted Yardi Genesis™ as the inaugural property management and accounting platform
SANTA BARBARA, CALIF., June 25, 2010 – Within months of its founding, Verity Properties Inc. adopted Yardi Genesis™ as the inaugural property management and accounting platform for its fledgling commercial property management business.
Before securing its first client in December 2009, Verity Properties explored several fully integrated core platform options. The company’s principal criteria were promoting paperless document management, automating key business processes, and accommodating growth.
“Using technology to drive efficiency in our business — including eliminating most paper — is one of our core principles, and the online document management available from Genesis helps us do that. We don’t need file cabinets to store our invoices, for example, because Genesis lets us process them electronically,” said Bill Pataky, a partner at Verity Properties, whose properties under management total more than 100,000 square feet.
Verity Properties performs its monthly accounting with Yardi Genesis’ reports package, which includes more than 100 industry-standard property management reports. The company can also automatically export Yardi Genesis reports to spreadsheets. Magnetic ink character recognition enables automated bank deposit slips, letting Verity Properties save time and avoid errors associated with manual deposit slip preparation.
“The implementation of Genesis went very smoothly, thanks to the quality of the Yardi team’s support. Their training classes and demonstrations were immensely helpful in getting us proficient with the product,” Pataky said. “An enterprise business system becomes woven into a company’s fabric, and we selected Genesis because it meets our needs and reflects our philosophy.”
“With Yardi Genesis, Verity Properties has a platform that will help the launch their business and allow the company to devote its time and resources to performing value-added activities for clients,” said Terri Dowen, Yardi senior vice president of sales.
About Verity Properties Inc.
Verity Properties, established in 2009 and based in Mountain View, Calif., specializes in managing commercial properties in Silicon Valley. Its services include day-to-day property operations, leasing and lease administration, full-service construction administration of tenant improvements and capital expenditure projects, detailed annual budgeting, and automated tracking of tenant and vendor insurance certificates and expirations. The company name, rooted in the Latin veritas (truth), reflects Verity Properties’ dedication to the fundamental principles of honesty, integrity, and meeting clients’ expectations. For more information, visit www.verityproperties.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 Genesis™ is a fully integrated, Windows®-based accounting and property management platform designed for smaller residential, commercial, industrial, and retail management enterprises. 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