by Shane Henson — December 19, 2011—Yardi, a property management software provider, recently launched Yardi Advanced Budgeting, an automated toolset developed to maximize profitability for commercial and residential properties with accurate budgeting and forecasting.
Unique among budget forecasting systems, Yardi Advanced Budgeting produces budget projections by drawing “live” lease information directly from the Yardi Voyager property management and accounting platform. The elimination of costly, time-consuming data exports and imports helps property managers operate more efficiently, the software’s designers say.
Yardi Advanced Budgeting offers additional benefits to facilities managers as well, as it unites the budgeting and forecasting processes in one flow through its tight connection with Yardi PortfolioVMF. The solution also produces custom revenue forecasts by making exact “copies” of properties, and allows users to factor early termination of leases, space expansion and other “what-if” assumptions onto the model properties.
