by Brianna Crandall — January 9, 2013—Property management software provider Yardi recently announced that the Tarrant County College District (TCCD) in Texas will adopt the Yardi Voyager platform as its property management and accounting system. Yardi Voyager is a fully integrated, Web-based enterprise management system that centralizes accounting and property management data in a single database, which eliminates the need for data transfer and enables up-to-the-minute reports, resulting in more efficient work processes and improved interdepartmental collaboration.
TCCD’s selection of Yardi Voyager stems from an efficiency initiative the district launched in March 2011. The district sought to improve budget forecasting accuracy by tracking more closely spending in its operations and maintenance department. After evaluating several options, the district concluded that consolidating and leveraging real-time information in Yardi Voyager would enhance budgetary control by enabling accurate, efficient projections of revenue and expenses.
The associate degree and technical program institution, which comprises five major campuses throughout the county plus a healthcare campus, anticipates initial savings of $2.3 million from improving the accuracy of its budget forecasting.
TCCD will use Yardi Voyager to manage funds, evaluate spending and calculate facility costs per student in 110 buildings on its five campuses. Equipped with comprehensive, real-time financial data, TCCD will be able to compare operating costs at each facility against its counterparts. Along with providing total costs, Yardi Voyager will help the district calculate per-square-foot costs for each budget category.
Yardi has been committed to the design, development and support of real estate investment management and property management software for 30 years. With the Yardi Multifamily Suite, Yardi Commercial Suite, Yardi Investment Suite and Yardi Orion for SharePoint, the Yardi Voyager platform is a full business real estate management platform. It includes operations, accounting, and ancillary processes and services with portfolio-wide business intelligence. Yardi serves clients around the world from offices in North America, Asia, Australia and Europe. More information about Yardi products and services is available at www.yardi.com.
