Yardi Voyager Review

Centralize Data And Tasks In A Single Database

The ability to access data and information and perform tasks from one centralized location is one of the outstanding features offered by Yardi Voyager. It is built with a database that collects and organizes both financial and property management information and data in one place. Thus, from a single and central database, users will be able to view all information related to their properties, tenants, leases,  transactions, work orders, accounting processes, financial performance and more; giving them a single source of truth. Because of this, the platform ensures that they are able to access up to date and accurate data anytime and anywhere. At the same time, this feature helps them save time so that they can increase their productivity and concentrate more on aspects and areas that drive business growth.

Automate Workflows

As Yardi Voyager centralizes financial and property management information in a single database, it lets property owners and teams manage their processes and perform their tasks efficiently. The platform has the capability to automate workflows according to one’s business goals and requirements. For instance, users can set up new leases faster as well as seamlessly process move-ins and move-outs. They can also approve purchase orders and work orders and perform financial tasks such as check writing quickly.

Efficient Lease Administration

Lease administration is another noteworthy feature available in Yardi Voyager. This feature is very useful especially for users who are handling commercial properties being used by tenants that are offering diverse services to many people. For that reason, property owners and teams need to keep track of all their leases and lease terms. Whether they are managing office, industrial, or retail properties; Yardi Voyager can organize all tenant information and lease terms in one single place. The platform enables them to automatically track leases and drill down into their details. In addition, as they track leases, they can instantly process receivables. To further streamline lease management, Yardi Voyager is equipped with dashboards that are tailored to specific roles within the organization.

Always Get Notifications For Critical Tasks, Dates, And Deadlines

Yardi Voyager has an integral component that reminds users of all important tasks, dates, deadlines, and notifications. These critical tasks, dates, deadlines, and notifications are shown on a dashboard. The platform permits them to specify deadlines that will trigger automated email notifications and tasks which can be accessed through the dashboard.

Empower Accounting

The residential and commercial property management solutions that compose Yardi Voyager empower accounting teams and professionals in the real estate market. This is because each software solution comes with an accounting system that allows them to apply generally accepted accounting principles and comply with international financial reporting standards, yet they still have the opportunity to configure the system according to the unique policies and processes implemented by their organization.

With such accounting system, users can create multiple books, set up financial entities, create account trees, perform general ledger allocation, define recurring journal entries, and record their financial transactions either through segmented or intercompany accounting.

Increase Business Intelligence

Yardi Voyager offers a fast and flexible analytics engine that lets users gain insights into their properties and financial performance in real time. With such analytics engine, they can obtain property and financial data and metrics fast. They will be able to dip deeper into source transactions and data, as well as analyze financial data based on fund, entity, GL book, period, or department. They can also drill down into property data using attributes like portfolio, region, or currency. Interestingly, the analytics engine permits them to set their own key performance indicators (KPIs), giving them the freedom to define the critical numbers in their business and explore insights in various ways.

Document Management

A flexible document management system is also included in Yardi Voyager. With this system, users will be able to store and efficiently process a vast array of documents. Moreover, it provides them with the capability to decide how they want to interact and communicate with prospective and current tenants and other stakeholders. Thus, the document management system enables them to create custom documents, forms, correspondence, and reports. Also, it comes with templates that they combine with any financial data, graph, report, or document they have.

Work Conveniently From Anywhere

Yardi Voyager delivers mobile apps and solutions which make it convenient for users to work anywhere and anytime from any mobile device. Thus, they can process applications, execute and track leases, provide resident or tenant services, communicate with vendors, and perform other tasks straight from their smartphones and tablets.

Mobile Solutions For Property Maintenance And Inspection

One of these mobile apps and solutions is the Yardi Maintenance Mobile. This is a mobile app designed for field technicians, allowing them to create, update, and close orders on their mobile devices. Whatever information and results they entered and generated using the mobile app will be automatically updated throughout the Yardi Voyager system in the cloud. Meanwhile, another mobile solution offered by Yardi Voyager is its mobile app called Yardi Inspection Mobile. This is a mobile app which permits property inspectors to document property issues and deficiencies, take pictures, record voice notes, and collect signatures using their mobile phone or tablet. Additionally, this app can be integrated with Yardi Maintenance Mobile, enabling users to generate work orders so they can address and fix the issues specified during inspections.

Extensible Property Management Platform

To wrap it up, Yardi Voyager has an extensible architecture. This means users can extend its core features and capabilities by integrating it with the other software products from Yardi. They can add products from Yardi Multifamily Suite, Yardi Commercial Suite, and other suites developed by the software company; enabling them to access extra modules and have a complete and comprehensive property management solution. These products and modules provide them with more capabilities and advanced features which include CRM and marketing, online payment processing, energy management, facility management, maintenance, procurement, insurance management, screening, online services, and business intelligence.