7 Ways Real Estate CIOs Can Maximize In-House Teams & Budget
November 28, 2023
Having the right tools and technologies at your disposal in real estate management can make all the difference. Yardi, a name synonymous with innovation and excellence in the real estate software industry for over three decades, continues to play a pivotal role in empowering professionals to streamline their operations, enhance efficiency, and adapt to the dynamic challenges of the field. Yardi’s commitment to staying at the forefront of technology is exemplified in their recent unveiling of Yardi Voyager 8, the next generation of the technology leader’s flagship property management solution.
Voyager 7S has been the cornerstone of Yardi’s success, serving as the most widely adopted real estate Enterprise Resource Planning (ERP) platform globally. Approximately 6,000 real estate organizations and around 500,000 end-users log in daily, benefiting from its comprehensive, user-friendly, and scalable platform for efficient property management, financial control, data-driven decision-making, and seamless integration with third-party applications.
As a testament to Yardi’s commitment to innovation, the introduction of Voyager 8 further enhances the benefits of its predecessor, offering an improved user experience, AI integration, and more, ushering in a new era of real estate management excellence.
One of the most noticeable and anticipated changes in Voyager 8 is the complete overhaul of the user interface. Yardi has put a significant emphasis on user experience, and it shows. The new interface provides a more visual and graphical way for users to manage their real estate operations. It neatly organizes functions related to accounts receivable (AR), accounts payable (AP), general ledger (GL), and PM reporting, making it easier for users to navigate and stay on top of their tasks.
Voyager 8 caters to different sectors of the real estate industry. Multifamily operators will benefit from a brand-new property operations interface for resident ledgers. On the other hand, commercial users can enjoy a simplified and streamlined data entry and review interface. This customization ensures that the software aligns perfectly with the specific needs of each sector.
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Thanks to new tools and features, managing collections and tracking insurance requirements will be more straightforward with Voyager 8. Additionally, users will have enhanced capabilities to analyze and report on portfolio health and ensure compliance.
Voyager 7S and Voyager 8 will be available by default, with no manual version switching required. This approach lets clients gradually ease their users into the new interface, reducing the learning curve for those familiar with Voyager 7S.
One of the most exciting aspects of Voyager 8 is its readiness for artificial intelligence (AI) integration. AI is transforming industries worldwide, and Yardi is not lagging. With AI, Voyager 8 users can perform various tasks, from asking the software questions and receiving intelligent responses to generating transactions and reports automatically.
Furthermore, Yardi has recently elevated its chatbot technology with natural language generation powered by ChatGPT. This enhancement introduces the remarkable Voyager 8 Virtuoso assistant. This virtual assistant empowers end-users to seamlessly interact with the platform, allowing them to initiate tasks such as generating reports, creating work orders, and retrieving specific information. These AI capabilities promise cost savings, workflow automation, and increased productivity.
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Voyager 8 doesn’t stop at user experience and AI integration. It also brings improvements to accounts receivable (AR) processes. Clients can now manage all AR activities from a single dashboard, simplifying the navigation of reports, tenant ledgers, and alerts. Payment processing capabilities have been enhanced, making transactions smoother and more efficient. Importantly, Yardi has fortified the security of the banking portal, ensuring clients’ peace of mind during financial transactions.
Voyager 8 is expected to hit the market in early January 2024. This versatile tool promises to address diverse real estate business needs while maintaining the high quality and value Yardi has provided for over three decades.
Yardi Voyager 8 is set to redefine how real estate professionals manage their operations. Its revamped user interface, AI integration, and enhancements in various processes offer a glimpse into the future of real estate management. The seamless transition from Voyager 7S to Voyager 8 ensures users can adapt at their own pace. As AI becomes an integral part of the real estate landscape, Voyager 8 stands ready to empower users with intelligent automation and increased efficiency. With Voyager 8, Yardi continues demonstrating its commitment to innovation and excellence in the real estate software industry.
As leading Yardi Implementation Specialists, we are dedicated to streamlining your property management processes, maximizing your software investment, and empowering you to achieve unmatched success.