Yardi advanced budgeting software aids owners, managers

The use of budgeting and forecasting software can improve the efficiency of business operations, according to Yardi.

The company’s Advanced Budgeting and Forecasting software continues to gain strength as an industry solution, according to the company’s regional solutions director for Australia and New Zealand, Terry Gowan. He said Australian investment managers, superannuation funds, REITs, private equity investors and property owners and managers using the software are seeing benefits in terms of operational efficiency.

Gowan said the software is used by commercial real estate owners, managers and investors who require continuous measurement of the financial health of their property investments.

“Using Yardi’s Advanced Budgeting and Forecasting software, you can eliminate costly imports and exports to spreadsheets or niche budgeting programs and quickly make accurate and flexible forecasts informed by detailed property data,” he said.

The software allows assumptions, speculative leases, and debt and construction projection assumptions to be changed easily and intuitively.

“Importantly, our software uses leasing assumptions based on data and experience from the local Australian market, which is an important differentiator,” Gowan said. “It is a single-stack solution – no interfaces are required to utilise property and accounting data.

“The software also uses the same billing engine as it does for forecasting, so it’s the most accurate way of combining rent roll, lease data and contract commitments for making forward revenue forecasts.”

Gowan said Yardi’s Advanced Budgeting and Forecasting software allows users to:

· Reduce budget process cycle times

· Forecast future revenue with detailed, real-time assumptions and enhance visibility

· Easily forecast revenue, job cost and capital expenditure, with debt based on configurable models, and

· Leverage multi-currency capabilities and international valuation techniques.

“Our efficient, error-free collaboration tools allow multiple users to work on single budgets simultaneously,” Gowan added.

The key features of the software include:

· Automated budget preparation and analysis using real-time property data

· Increased budget projection accuracy to help maximise profitability

· Commercial model properties for safe lease and space configuration changes

· Scenario analysis and comparisons to predict future revenue

· Vacancy, debt and rentable items for modelling

· Robust workflows and approval processes, and

· Unlimited budget versions with copy and consolidate capabilities.

To see a video featuring a Yardi client detailing their experience with the Advanced Budgeting and Forecasting software, select the image below.