SANTA BARBARA, Calif.--(BUSINESS WIRE)--Yardi announced the addition of Yardi® Bill Bay to Yardi Payment Processing™, a payment processing solution for property management that makes it possible to process payments for accounts receivable and accounts payable as part of the Yardi Voyager® property management and accounting platform. Adding automated vendor payments will save users time, reduce errors and decrease paper use.
Bill Pay automates check writing and electronic vendor or owner payments for outgoing accounts payable. Payments are distributed automatically and recorded in Yardi Voyager in real time. For vendors and owners that do not accept electronic payments, clients may self-process checks or take advantage of Yardi’s full-service check processing. With full-service, Yardi will process, print and mail checks on a business’ behalf, saving clients significant effort and increasing productivity. Users choose which payments to outsource, retaining full control and oversight.
“Bill Pay provides our clients with flexibility for the management of their vendor and owner payments. Allowing options for electronic payments along with self-managed or outsourced check processing is a more efficient way to work and can save staff hours of labor each month,” said John Pendergast, senior vice president of client services at Yardi. “The payment dashboard also alerts you to any payment issues for quick resolution.”
In addition to streamlining accounts payable with Bill Pay, Yardi Payment Processing optimizes accounts receivable by making collecting payments easier. Tenants and residents can conveniently pay rent and other fees in a variety of ways, including by check, online, via text or at participating retailers.
Join a webinar to learn how you can maximize cash flow with a payment processing solution that eliminates bank runs, automates rent collection and simplifies vendor payments: http://www.yardi.com/events/webinars/?YardiPaymentProcessing
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of residential and commercial real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information, visit www.yardi.com.