Yardi Introduces Multifamily Suite of Products


SANTA BARBARA, CALIF., Oct. 26, 2009 – Yardi Systems, a leading developer of real estate investment and property management software, announced today that it has introduced its Yardi Multifamily Suite™, which offers multifamily clients significant opportunities for new efficiencies as part of the centralized Yardi Voyager™ platform.

Yardi created the Multifamily Suite in response to requests from clients seeking a competitive advantage through a comprehensive solution that addresses all facets of their management requirements. While Yardi has developed the suite of products for its Voyager clients, it remains committed to maintaining and supporting all existing interfaces and third-party relationships.

The Multifamily Suite, which can be rapidly deployed in 4 to 6 weeks, includes the following Yardi products:
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  • Yardi Portal™
  • Yardi Payment Processing™
  • Yardi Procure-to-Pay™
  • Yardi Utility Billing™

The Multifamily Suite will provide many key benefits, including:
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  • Property marketing portals with integrated search engine optimization;
  • Applicant portals with real time availability and ILS interfacing capability;
  • Online applications, credit screening and application fees;
  • Resident portals with online resident payments, lease renewals and work requests that dynamically update the Voyager database;
  • Bulk check scanning with automated charge matching that follows user-defined resident payment priority rules;
  • Credit card, ACH and X9 processing that is fully integrated with Yardi’s accounting system for ease of bank reconciliation;
  • A seamless, integrated procure-to-pay solution that provides an online catalog for centralized purchasing that flows directly into Voyager purchase orders and invoice processing;
  • Invoice processing through Yardi PAYscan™ that provides real-time budget comparison and avoids the need for error-prone property, vendor and account synchronization
  • Customized invoice approval workflows that can be configured to follow specific approval policies and procedures;
  • Utility billing that provides full-service submetering and ratio utility billing system (RUBS) calculations, consumption analysis and energy usage alerts, and integration with PAYscan for utility invoice processing;
  • Convergent resident billing with integrated online utility bill payment through Yardi Portal
  • Complete integration as part of the Voyager platform

“With this new suite, residential property owners and managers can operate their business more efficiently,” said Brad Setser, vice president of Marketing for Yardi Systems. “They are able to integrate and automate all of their business processes in a single platform, with no transfer or duplication of data.”

About Yardi
For more than 25 years, Yardi Systems has been solely committed to the design, development, and support of real estate investment management and property management software. Recognized as an industry leader, Yardi continues to develop and deliver software and services with the highest dedication to responsiveness, quality, innovation, and customer focus. Yardi Systems has offices throughout Asia, Australia, Europe and North America. More information about Yardi products and services may be found by visiting www.yardi.com.

Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255