Yardi Migration

Client description

  • A Diversified Real Estate Acquisition & Development, Property Management and Retail Purchasing Organization based out of New York with three major lines of business viz. Real estate development, Property Management and Sourcing & business development.
  • The customer manages 11 properties and 50 tenants at this division.

Business challenges & drivers

  • Client required a sophisticated system for managing their Accounting and hence wanted to migrate from QuickBooks to Yardi
  • Client wanted to migrate all the current open items into Yardi

Solution approach

  • A team of 5 Consultants from SmartFin were involved in the engagement
  • A Yardi Consultant was involved in implementation of Yardi, while SmartFin migrated a year’s legacy data from QuickBooks to Yardi
  • AP and AR Transaction entries were posted on the Productive Yardi system as part of migration

Key Highlights

  • SmartFin analyzed the volume of data to be migrated and engaged optimum number of resources for transitioning the data into Yardi
  • The overall Transition project was performed in 3 months and fully from Offshore resulting in huge savings for customer
  • On the AP side all the open items from QuickBooks was obtained and posted to Yardi on a month on month basis for easier reconciliation.
  • Based on the check register from QuickBooks, manual pay conversion was processed and completely reconciled
  • Transitioned all AR receivables from QuickBooks to Yardi and compared the delinquency report in Yardi with that of QuickBooks to ensure accuracy
  • Performed Bank Reconciliation in addition to monthly reconciliation to ensure AP & AR data was properly migrated

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