Denholtz Associates’ success as a commercial property developer, investor and manager comes in part from regularly adopting new technology to meet emerging business needs. Most recently, the company enhanced its mobile capabilities, business continuity, tenant services and invoice processing all with Yardi solutions.
Denholtz upgraded its Yardi Voyager® property management and accounting platform to 7S, the newest, fully mobile version of Yardi Voyager. The Software-as-a-Service (SaaS) option allows Denholtz to determine when to apply upgrades, new releases and plug-ins.
“One of the most attractive features of our upgraded Voyager system is mobile capability that lets us communicate in real time with our staff about work orders and other activities. We can easily monitor what the staff is working on, and their activities are automatically recorded in Voyager. It’s a powerful product in terms of efficiency and tenant service with functionality we didn’t previously have,” said Steve Cassidy, president of Denholtz Associates.
Superstorm Sandy, which battered the U.S. East Coast in October 2012, underscored the importance of business continuity for the New Jersey firm. “Sandy disrupted our business for 14 days. We couldn’t communicate with tenants, cut checks or process payments. With Voyager SaaS in place, if something similar happened again we would suffer less disruption and financial loss because we could work remotely and know our business data was securely backed up offsite,” Cassidy said. He added,“Voyager SaaS also improves time management for our staff. They spent a lot of time on self-hosting activities, and now it’s more efficient and less costly to use our software without having to also maintain it.”
Denholtz uses another new Yardi product, COMMERCIALCafé™, to offer tenants the convenience of online access to statements, maintenance requests, and other services from their desktops or mobile devices. “We can easily communicate with tenants and they can look up their accounts receivables and other information at their convenience, wherever they might be. COMMERCIALCafé gives us the platform we need to keep pace with today’s tenants, and the product’s self-service features save us payroll costs,” Cassidy said.
Taking another step to improve efficiency, Denholtz discarded its third-party accounts payable provider in favor of Yardi PAYscan™ which scans invoices into electronic transactions and automates workflow across the approval process. Yardi PAYscan is a component of Yardi Procure to Pay™, an end-to-end, paperless invoice processing and procurement system. “We no longer need a third-party accounts payable provider because approval workflows, invoice processing and payments are all done within Yardi Voyager,” Cassidy said. “This will be faster, easier and less expensive.”
About Denholtz Associates
Matawan, N.J.-based Denholtz Associates (denholtznj.com) is a privately held development, investment and management company active in office, industrial, flex and retail real estate. Denholtz targets value-added real estate, allowing its substantial in-house capabilities and financial resources to capitalize on opportunities that exist in the marketplace. Denholtz’s entrepreneurial spirit and decades of experience have enabled the company to consistently grow a diverse, multi-state portfolio reflecting a variety of property types and locations consisting of millions of square feet of quality real estate. Denholtz has 100 employees and maintains offices in Atlanta, Chicago and throughout Florida and New Jersey.
Now in its fourth decade, Yardi® (yardi.com) is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Commercial Suite™, Yardi Multifamily Suite™, Yardi Investment Suite™ and Yardi Orion™ Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility. Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in North America, Asia, Australia, Europe and the Middle East.