June 25, 2007, SANTA BARBARA, CA — Yardi Systems, the global leader in asset and property management software, is pleased to announce the highly anticipated controlled release of its Revenue Management Tool Set, scheduled for July 2007. This tool is designed to track competitive market surveys, as well as offer a configurable pricing model system that will help management companies maximize their rents and standardize their pricing methodologies.
The Yardi Revenue Management Tool Set takes an open architecture approach that allows property owners/managers to create their own scoring system based on internal supply and demand as well as external factors and regional markets. Examples of scoring parameters include, but are not limited to, trending, renewal probability, days vacant (apartment), prospect pipeline and comparable rent analysis, and more.
“The design approach to our Revenue Management Tool Set is completely different from other systems as it is open, configurable and completely integrated (both leasing and accounting) with Voyager™ Residential as part of the core system,” says Tamara Berndt, Residential Portfolio Product Manager. “We see this as an added value for residential managers that will provide immediate return on investment for our clients.”
“Our clients have told us time and again that they would like control over the factors that are used to calculate rents. They have also requested a way to automate the creation of market rents based on drivers at the property level, such as supply and demand, etc.,” she continues. “This tool set will allow them to capitalize on their experience within the marketplace. And, this open system and user-friendly Pricing Modeler provide powerful tools for creating pricing models to produce new market rents that will maximize occupancy and rental revenues.”
The market survey functionality also includes the ability to create comparison properties, define dynamic comparison groups, and collect market survey data about comparison properties.
Visit Yardi booth #945 at the National Apartment Association Education Conference and Expo, June 28-30, 2007 for more information.
Yardi Systems, Inc. is the global leader in the design, development, and support of integrated Asset and Property Management software for organizations of all sizes. For more than 25 years, our technology and services have led the industry through responsiveness and innovation, becoming the premier application for real estate software solutions worldwide. Our software is client-driven and serves more than 15,000 businesses, corporations, and government agencies, representing more than 5 billion square feet of commercial space and 5 million residential units globally.
Headquartered in Santa Barbara, California, Yardi Systems is a privately held corporation with offices throughout the United States, Canada, Europe, Asia, and Australia. More information about Yardi products and services may be found by visiting www.yardi.com.
Trade Media Contact:/strong> Joel Nelson 805.699-2040, ext. 1255