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SANTA BARBARA, CALIF., Feb. 24, 2010 - Apartment management company LumaCorp Inc.has cut
spending on maintenance, repair and operating supply procurement for its 21
properties since implementing Yardi Procure to
Pay™.
LumaCorp achieved its goals with Yardi Procure to Pay. This solution
integrates online supply catalogs from Yardi
SiteStuffwith Yardi
PAYscan™, which converts paper invoices into electronic transactions in
LumaCorp's Yardi
Voyager™ property management and accounting system. Online approval routing
is automated.
"We offset the cost of implementing Procure to Pay within three months just
by eliminating the cost of transporting invoices by courier," said Kathy
Whitman, LumaCorp's executive vice president. "The new products and process
changes will continue to drive significant cost reductions and let our staff
members devote more time to revenue-generating activities."
LumaCorp also elected to take advantage of Yardi's Application Service
Provider hosting service so it can access Voyager as software-as-a-service. With
ASP hosting, Yardi serves and maintains the Voyager application and database for
LumaCorp from its data center, assuming responsibility for all application
updates, network security, hardware, bandwidth, and infrastructure, allowing
LumaCorp to focus on its principal business.
"LumaCorp has always been a leader among multifamily property managers in
deploying leading-edge technology. We are happy they chose Yardi as their
technology partner to continue that legacy and execute their current
cost-cutting initiatives," said Terri Dowen, Yardi senior vice president of
Sales. |