SANTA BARBARA, CA—Yardi, a developer of real estate management software, has partnered with the Home Depot to give clients the ability to purchase thousands of home improvement products and services through Yardi Procure to Pay, Yardi’s procurement and invoice processing platform. The partnership will allow Yardi clients to purchase the Home Depot goods while streamlining the product buying and payment process.
“The Home Depot has a great market share in real estate; however, the traditional method of procuring MRO supplies has been for a site facilities manager to go down to the local vendor and purchase supplies for the individual site, or group of sites,” Brad Setser, VP of marketing for Yardi, tells GlobeSt.com. Yardi sought to eradicate this problem with this new program, which will allow property owners to both buy products and track spending for an entire portfolio.
“Those owners whose property managers use the Home Depot now can consolidate spend management portfolio-wide,” Setser explains. “They can also control product selection, and ensure procurement policies, procedures and compliance. Also, they can capitalize on volume buying power. For owners, this leads to a better quality of maintenance and service to their tenants and residents, and a lower cost of operations.” The program works both in-store and online for greater flexibility, and, because the Home Depot stores are linked nationwide, the platform positions the home improvement store as the supplier for all of a property owner’s portfolio improvement needs.
“The Home Depot’s widespread store footprint and their ability to network their stores on a national basis makes them a perfect supplier for a property manager who wishes to centralize and standardize procurement spending across a portfolio,” says Setser. “This is exactly what the Yardi Procure to Pay platform does, and that is why it and the Home Depot is a good match.” Even better, clients using Yardi’s PAYscan already have access to the program at no additional cost.
Yardi is consistently releasing software to ease the workload for property owners. In an earlier story, GlobeSt.com reported that Yard’s RENTCafé helped property management company Tarragon to achieve average occupancy rates of 96% to 98% in its Washington State portfolio.