Making decisions with speed and confidence
With more than US$56 billion in assets under management and 62 million sqm of floor space, Prologis has embraced Yardi Systems’ real estate management software to tighten processes, improve reporting and stay competitive.
In 2014, Fortune ranked Prologis among the world’s most admired companies.
Corporate Knights Global 100 has named Prologis one of the world’s most sustainable corporations for seven consecutive years. Prologis outperformed its international peers across 12 key performance indicators.
What sets Prologis apart? The company puts its real estate management software alongside a commitment to social responsibility, innovation and financial security as the attributes that make it a global leader.
To stay competitive and manage its assets, Prologis relies on Yardi Voyager and its Advanced Budgeting & Forecasting and Valuations platforms. Prologis says the software has improved efficiency and quality of reporting.
“Yardi’s platforms have enabled us to manage our global portfolio with greater agility and clarity,” says Arthur Nelson, Prologis’ vice president of global business systems.
“These platforms helped us tighten up business processes and sharpen management insights, enabling us to make important decisions with greater speed and confidence.”
The company plans to upgrade to Yardi Voyager 7S to further improve its budgeting, forecasting, and valuation processes. Nelson has identified a number of benefits associated with the upcoming conversion.
“It’s going to put our users in a position where they can more efficiently do their work. That’s important because we manage more than 4000 properties and 20,000 plus leases,” Nelson explains.
Before Yardi, the global commercial revenue projection process took at least seven business days. Yardi has reduced that to two and a half days. Upgrading to Yardi 7S will further cut reporting time.
“Today, we can confidently solve budgets for all of our 4000 properties over a weekend. That’s a very big win for us,'” Nelson said.
With smarter systems in place, Prologis continues to grow while maintaining consistent standards of excellence, delivering superior value to clients, and developing and managing a world-class portfolio of sustainable, high-quality facilities.
Established in 1984, Yardi Systems has become the leading provider of high-performance software solutions for the real estate industry. Learn more.