Malaysian REIT also adopts solutions for budgeting and fixed asset management.
Singapore, Aug. 24, 2015 – MRCB Quill Management Sdn Bhd, the management company of MRCB-Quill REIT, a real estate investment trust listed on the Main Market of Bursa Malaysia Securities Berhad, will perform multiple business operations on Yardi Voyager® 7S, the company’s new mobile-enabled, tablet-compatible Software as a Service asset, property management and trust accounting platform.
Along with streamlining property and financial management as well as automating lease administration with Yardi Voyager, MRCB Quill Management Sdn Bhd will be able to generate highly accurate budget projections with Yardi Advanced Budgeting & Forecasting™, an automated solution that delivers detailed and exact budget projections for revenue and expenses using tenant lease data drawn from Yardi Voyager. The company will also record and monitor fixed assets from purchase order issuance through purchase, use and final disposition with Yardi Fixed Assets™.
“We believe that Yardi’s one-stop integrated technology solutions platform will help us manage our growing portfolio of property assets effectively. This in turn will enhance our financial reporting capabilities and help us make informed investment and operational decisions, with the ultimate aim of maximising value and returns to MRCB-Quill REIT’s unitholders,” said Yong Su-Lin, CEO of MRCB Quill Management Sdn Bhd.
“Yardi® is pleased that MRCB Quill Management Sdn Bhd is joining the ranks of companies in Asia that have improved internal efficiency, reaped cost savings and improved investor service by using Voyager as the basis for a single real estate solution platform,” said Neal Gemassmer, vice president of international for Yardi.
About MRCB Quill Management Sdn Bhd
MRCB Quill Management Sdn Bhd is the management company of MRCB-Quill REIT, a commercial real estate investment trust listed on the Main Market of Bursa Malaysia Securities Berhad, whose activities include acquiring and investing in commercial properties in Malaysia to provide its unitholders with long-term and sustainable distribution of income as well as capital growth potential. MRCB-Quill REIT’s portfolio of assets consists of 11 commercial buildings including five in Cyberjaya, three in Kuala Lumpur, and one in Shah Alam, Petaling Jaya and Penang respectively, valued at RM1.588 billion as of 31 March 2015. For more information, visit www.mrcbquillreit.com.
Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Commercial Suite™, Yardi Residential Suite™, Yardi Investment Suite™ and Yardi Orion® Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and services with portfolio-wide business intelligence and platform-wide mobility. Yardi serves clients worldwide from offices in Australia, Asia, Middle East, Europe and North America. For more information, visit www.yardi.com/asia.