Jay Shobe, Vice President, Technology at Yardi, has spent his entire life around technology. He grew up using an early incarnation of a PC that ran on a Burroughs operating system, connected to ARPANET (pre-internet) via an acoustic coupler (pre-modem). “So yeah, I go back a ways,” he says casually. Tech is in his blood. It’s with this full breadth of knowledge and experience that Shobe proudly transitioned into his role with Yardi Cloud Services nearly two years ago. “I was in development for 20 years before I transferred to Cloud Services,” begins Shobe. “This group is dedicated to making sure that the vast environment—12 data centers across the world, 5,000 clients in the cloud and millions of people connecting on a daily basis—and all the different data that we keep in that environment is safe, secure, and performing properly.” The dedication of Shobe and his team is what makes Yardi Cloud Services one of the most trusted and relied upon cloud service providers in the industry. Cloud services play a vital role in the growth and viability of Yardi as more businesses transition to remote networks. The cloud allows clients to transfer IT infrastructure, support services, and data security into the capable hands of specialists. This transition is an integral part of today’s corporate growth strategies: when combined with big data, reports indicate that businesses experience 53 percent greater growth than their self-hosted peers. Client data is stored in a cost-effective and scalable software management solution that is secured offsite under the care of Shobe and the Cloud Services team. They are the unsung heroes of many growing enterprises. “The cloud today is viewed similar to electricity or plumbing; you expect that it’s going to be working. You don’t say a little thanks...
Robert Teel
Yardi Leadership Series
Many commercial property managers seek to abbreviate the leasing process, expedite reporting, and improve overall efficiency and accuracy. Unfortunately, it is a struggle to compile and interpret data from multiple software programs within their organizations. Robert Teel, Senior VP G&A at Yardi, and his team are redefining the way that user groups interact through software. As a former financial accounting systems consultant, Teel is familiar with the challenges that property managers and analysts face when their software is not fully integrated: long process lifecycles and crippling inefficiencies. “With a single stack, you can shorten nearly every business process lifecycle. In essence, our vision is that our clients can create an ecoysytem on the single stack to connect their front office with back office, and even extend participation to external users,” says Teel. Deloitte Consulting LLP reports that single stack solutions are the new standard for cloud, digital, and analytics. Projects can experience gains through “faster environment readiness, the ability to engineer advanced scalability, and the elimination of power/connectivity constraints.” A single stack solution can remove limitations and promote intelligent growth. Teel observes that self-contained ecosystems allow users to minimize redundancies, capitalize upon a more efficient use of resources, and create consistent and accurate processes that add value to users. For example, Yardi client Prologis (a $20B US REIT with over 4,000 properties) has reduced their quarterly property reforecasting process by months. “We went from a six-month quarterly forecast process to an eight-week process, and our accuracy is vastly improved,” according to Arthur Nelson, Vice President of Global Business Systems, Prologis. Such results are possible due to the single stack’s ability to track a process from start to finish, offering automated operations and consistent reporting. Teel offers the leasing process as an example, “The prospect—a...
John Pendergast
Yardi Leadership Series
John Pendergast first learned the importance of persistence and attention to detail as a musician. The avid guitarist plays music from a wide range of genres, honing in on the nuance within each piece. “There is a great attention to detail in playing music and different instruments,” explains Pendergast, Senior Vice President, CSD at Yardi. “There is so much detail in how to intonate and emphasize particular notes in a sequence with the right timing. You have to practice often to get it right, but you always keep learning.” “Both of those things are very relevant at Yardi. The need to do things over and over again until you get good at them is a key piece. There is also great importance in exercising attention to detail and making sure that we do the right things for our clients. ” As the needs of clients change, Yardi software and services develop accordingly. Pendergast and his team take the time to understand the details of the user experience. The team then creates and supports software that makes the user experience practical and seamless. Transaction processing through Yardi is one such example. The expectations of today’s renters and tenants are vastly different than just a few years ago, triggering a focus on online and mobile payments. To meet these demands, Yardi created a robust suite of payment processing options for clients: Yardi Online Payments™, Walk-in Payment System (WIPS®), Yardi CHECKscan™, and RentCafe® TextPay™ integrate with Yardi Voyager® and Genesis 2 to streamline rent collection, cut operational costs, and reduce processing errors. Residents can conveniently pay rent online, via text, or at participating retailers. Clients can also quickly bulk scan and digitize rent payments made with checks and money orders. Services are available for residential and commercial clients. Pendergast says:...