HONG KONG--(BUSINESS WIRE)--Yardi Systems, the leading developer of software solutions for investment, asset and property management announces that Emboss Capital has selected Yardi Voyager™ to deliver the level of transparency required for their Asset Management platform.
Emboss has positioned itself as an independent portfolio asset manager, sitting between the Investors and their local Property Managers. Operating from existing offices in Sydney, Hong Kong and Tokyo with further offices planned for Singapore and Shanghai in the near future, it seeks to overlay the Yardi Voyager system to provide absolute transparency across the platform.
With a management team comprising of real estate professionals with extensive regional experience from groups such as Macquarie, New Star Asset Management, AIG and PwC, the group seeks to deliver strategic level asset and investment management, with a mandate focusing on those countries where it has a demonstrable local platform.
The company chose Yardi as their real estate investment and asset management platform after intense analysis of available systems that could manage the flow of capital from outsourced property managers through to the investors themselves. Emboss wanted a single system that could manage both the property and fund level accounting in a single depositary, therefore maximizing data integrity and providing an ability for real-time reporting to our clients.
“We were set on delivering our goal of transparency for our clients as well as ensuring we didn’t follow the more traditional route of ‘end of month’ uploads of data from the property managers. Emboss is all about taking on board the lessons learned over previous cycles and ensuring more effective, results-driven solutions for our clients,” comments Andrew Barclay, Head of Finance & Operations.
“Yardi provided this by enabling our retained property managers to run their property accounting element through a web based interface, allowing us as asset managers to interpret the data and analyze it all from the same stream of numbers.”
Barclay continues: “We needed a solution that would be easy to roll out as new offices came online and one that could integrate with our existing valuation system. Yardi’s web accessed solution works from a single database and enabled us to work from live data 24 hours a day.”
“We are extremely pleased to welcome Emboss on-board as a client. Yardi Investment Management and Property Management enables an 'end to end' platform for investor and fund level accounting through to property level management, enabling full transparency critical to Emboss Capital’s strategic needs,” comments Neal Gemassmer, Director for Yardi Asia Pacific.
About Emboss Capital
Emboss Capital (www.embosscapital.com) is the group parent company of two independent and separate divisions:
Emboss Asset Management: an Independent portfolio asset manager engaging in non-discretionary third-party asset management, investment origination and disposal of real estate assets through a regional network of offices.
Emboss Investment Management: is focused on raising discretionary or semi discretionary pooled funds or working through segregated mandates for country or sector focused deployment.
About Yardi Systems, Inc.
Yardi Systems is a global leader in the design, development, and support of integrated investment and property management software for fund and asset managers, investor services providers, property managers and property accountants. Yardi's software serves more than 15,000 clients, from small locally operating organizations to global investment firms. Headquartered in Santa Barbara (USA), Yardi has a global network of offices, among which offices in Hong Kong (China), Tokyo (Japan), Sydney (Australia), Pune (India), Milton Keynes (UK), Amsterdam (Netherlands) and Düsseldorf (Germany). More information about Yardi products and services may be found by visiting www.yardi.com.
MIPIM Asia: Yardi Systems is exhibiting at MIPIM Asia 2009 at stand 1D34
Contacts
Press Contact:
Yardi Systems
Martin Gedny – European Marketing Manager
+44 (0) 1908 308400
Martin.Gedny@yardi.com