Dallas, TX – July 08, 2003 – Realm Business Solutions, Inc. and Yardi Systems, Inc. today announced the availability of ARGUS for Yardi™, a software solution that eliminates manual data entry and provides significant time savings by initializing and updating ARGUS models directly from the Yardi property management system.
This unique offering comes as the result of a strategic business alliance between Realm and Yardi instituted in April of this year, which establishes cross-platform data standards and co-sponsored applications to better facilitate the exchange of operating information throughout the real estate industry.
“We’ve found ARGUS for Yardi to be a tremendous productivity tool,” commented Richard Greer, VP of Direct Investment Group for AEW, who recently implemented the solution. “It has saved us substantial time and effort that we had previously taken for granted. I’m also pleased to see Realm and Yardi working together on data standards and hope that it’s a trend that other vendors will adopt for the betterment of the industry as a whole.”
The ARGUS for Yardi solution uses Realm’s CONNECT tool to enable one-way data transfer from Yardi’s Enterprise and Voyager property management applications to Realm's leading asset valuation software, ARGUS. CONNECT uses the reXML real estate data standard to streamline data extraction and mapping from property management systems to financial analysis applications, such as Realm’s ARGUS, DYNA and BUDGET. Through the convenience of a web-browser interface, budgets and cash flow projections can be initialized in minutes with essential property, tenant, and financial information - eliminating data entry errors and delays associated with manual or spreadsheet-based methods.
“ARGUS for Yardi represents the first multi-platform data transfer solution of it’s kind within the real estate technology industry,” commented Don MacKinnon, President and CEO of Realm. “Not only does the product itself provide significant operational savings for our clients, it also represents the commitment of both Realm and Yardi to provide data interoperability for the benefit of our clients.”
In the near future, the Companies expect to jointly provide additional products that take advantage of streamlined data integration for the Yardi customer base, including Realm’s line of cash flow management solutions, COLLECT and PAY. COLLECT and PAY automate today’s manual, paper based rent collection (i.e. checks, ACH and credit cards) and invoice processes.
To learn more about ARGUS for Yardi, please visit the official website at www.argusforyardi.com.
About Realm Business Solutions
Realm Business Solutions, Inc. provides software and services that enable its customers to better manage the financial and operational performance of their real estate portfolios. More than 8,000 of the industry's leading owners, managers, financial institutions and REITs trust Realm solutions to improve the visibility and flow of information throughout their critical business processes. Realm is the developer of such industry standard products as ARGUS, BUDGET, CTI, DYNA, INSIGHT and LEASE. Visit Realm's website to learn more about these solutions, as well as reXML, the open source language for exchanging data between Realm and other applications: www.realm.com.