Green Product of the Month: Yardi Energy Solutions expands utility management options for multifamily properties

Yardi Energy Solutions has been expanded to offer a significantly enhanced suite of utility billing management products and services to multifamily property managers. Yardi has complemented its highly successful utility billing service with energy management and analytics service offerings, as well as meter installation and maintenance. As part of the Yardi Multifamily Suite, Yardi Energy Solutions includes submetering and ratio utility billing systems; portfolio, regional and property dashboard reporting; vacant cost recovery; cost and consumption analytics, budget reporting; and online payment processing. Yardi Energy Solutions also offers enhanced quality assurance reporting and analysis to validate billing accuracy. All calculations, allocations, billing and analysis can be performed directly in the multifamily manager's Yardi Voyager platform. Utility invoice processing features Yardi PAYscan integration. Services for Yardi Energy Solutions, which include utility meter installations, ongoing system maintenance and leak detection, are provided by YES Energy Management in Colorado Springs, Colo. To assist Yardi Energy Solutions clients, YES Energy Management established a dedicated team of specialists that can be accessed with a 24/7 "live" call center service. "Yardi Energy Solutions performs the entire utility allocation and billing process within Voyager. The benefit comes from letting site managers spend more time on their core leasing and property management functions rather than on collecting utility payments," said Missy Castaneda, regional manager for Sumner, Wash.-based Investco Financial Corp. "By integrating Voyager and Yardi Energy Solutions, we save at least 30 hours of staff time and $4,500 monthly at one of our communities for bill processing, report preparation, and other tasks," said Dan Gavin, vice president of Cirrus Asset Management Inc. in Calabasas, Calif. "Our recent changes are part of a strategy to create products and services that meet our clients' needs and advance the utility billing and management industry," said Martin Levkus, general manager of YES Energy Management.