Mastercard Enables Vendor Payments Through Yardi Bill Pay

Virtual credit card option is fast, secure and convenient
for property owners and managers

SANTA BARBARA, Calif., Sept. 12, 2019 – Property
managers can make secure, paperless payments to vendors with a Mastercard virtual
credit card created exclusively for Yardi®
Bill Pay.

Yardi Bill Pay completes the entire vendor
payment transaction process with a single-use virtual card number that’s
generated only when needed and approved. Payments are embedded with
transaction-level controls that include supplier, amount and date or date range.
The system leverages existing workflows, saving time and money previously
required to process paper checks, complete payment file uploads and retrain
staff.

Property managers gain full control and
visibility over spend while avoiding per-transaction fees associated with
checks and ACH. Credit card payments, which often offer a rebate percentage or
other incentive, also add a potential revenue source.

Built into Yardi
Voyager®, Yardi Bill Pay requires no interaction
with other data sources. This integration applies Yardi Voyager security features and workflows, records all payments immediately, ensures application to
the correct accounts and makes payment records instantly accessible to all
authorized staff.

Yardi
Bill Pay benefits vendors by helping their property manager clients purchase
products and services quickly, easily and in volume. Vendors must be enrolled in VENDORCafé®, a component of Yardi® Procure to Pay, and agree to pay a per-transaction fee.

“Mastercard
is committed to provide secure, efficient and paperless payments for the
property management industry,” said Marie Aloisi, senior vice president, business
development, U.S., at Mastercard. “The Yardi Bill Pay solution, powered by
Mastercard’s virtual cards, benefits suppliers by providing faster payments and
reconciliation tools to ensure a seamless experience for all parties.”

“Users
need only initiate a payment in Yardi Voyager and Yardi Bill Pay completes the
entire paperless process. Vendors can earn preferred supplier designation, reduce
the need for credit checks and collection efforts, improve their cash flow and
shorten their days sales outstanding,” said Akshai Rao, vice president of Yardi
Procure to Pay and Energy.

Call 800-866-1144 for more information about
Yardi Bill Pay and the Mastercard virtual credit card.

About Yardi

Yardi®
develops and supports industry-leading investment and property management
software for all types and sizes of real estate companies. Established in 1984,
Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more
information on how Yardi is Energized for Tomorrow, visit yardi.com.