Next Gen Genesis

Management + Accounting

By Erica Rascón on Sep 4, 2014 in News

When seeking your ideal property management software, you will likely wade through countless options, each offering a different combination of services at a range of prices. You’ll come across features that you crave, other that you don’t need, and several that you might not understand. One product makes your decision simple: Genesis².

Yardi Genesis²™ is our cost-effective Software as a Service (SaaS) property management and accounting solution that is crafted for clients with under 1,000 units or less than 1 million square feet.  This cloud-based, browser agnostic tool combines your operational and accounting data in a single database that you can access anywhere you have an internet connection. The beauty of this simplicity: lower overhead costs thanks to automated workflows, streamlined processes that minimize human error, and hassle-free automatic updates that reward your IT crew with time for other tasks.

Now that you’ve got the gist, let’s dive into the details. Genesis²  features a robust general ledger with accounts receivable and accounts payable functions, check writing, and bank reconciliation. The software offers easy-to-use dashboards with quick analytics and reporting; Genesis² is equipped with over 140 industry-standard reports that can be exported quickly to Adobe® PDF, Microsoft Word®, or Microsoft Excel®. With built-in security features and automatic updates, your data stays safe.

Whether your portfolio includes multifamily, condo, office, industrial, or retail properties, Genesis² has specialized features for each property type. For commercial clients, the software hones in on your financial needs, providing automated functionality for estimated CAM reconciliation. Reports can be shared with your tenants and the charges or credits can be easily posted to their accounts.

Specifically for retail properties, the overage module calculates and posts the additional charges due based on sales figures submitted by your tenant, and for leases with price index clauses a lease escalation function is available.

With all property types, Genesis²  tracks your work order data including vendor, work order status, commission, charges and payables. When paying vendors or owners, users can create an EFT file and choose between single transaction entry or batch entry.

Genesis² is not an app driven software, though several apps and add-ons are available. For example, work orders can be scheduled, documented and completed via Maintenance Mobile, which is included in Genesis²  core package. The software is also compatible with other products for marketing, online and cash payments, check scanning, and resident screening.

Genesis² is the premiere management and accounting solution for clients with small to midsized portfolios who want a simple, out-of-the-box system.