Profitability, growth among potential benefits of automated budgeting and forecasting solution
SANTA BARBARA, CALIF., Dec. 12, 2011 – Yardi announced today that it has launched Yardi Advanced Budgeting™, an automated toolset that helps maximize profitability for residential and commercial properties with accurate budgeting and forecasting.
Unique among budget forecasting systems, Yardi Advanced Budgeting produces budget projections by drawing “live” lease information directly from the Yardi Voyager™ property management and accounting platform. The elimination of costly, time-consuming data exports and imports helps property managers operate more efficiently.
Yardi Advanced Budgeting unites the budgeting and forecasting processes in one flow through its tight connection with Yardi PortfolioVMF™. The solution also produces custom revenue forecasts by making exact “copies” of properties and allows users to factor early termination of leases, space expansion and other “what-if” assumptions onto the model properties.
“Yardi Advanced Budgeting provides reliable projections of renewal rents, recoveries, charges, concessions and other key business factors. With this crucial information built into their Yardi Voyager platform, property owners can manage projects effectively, shape effective growth strategies and build credibility with investors,” said Terri Dowen, senior vice president of sales for Yardi.
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