SANTA BARBARA, CA—Yardi, a developer of realestate management software, has partnered with the HomeDepot to give clients the ability to purchase thousands ofhome improvement products and services through YardiProcure to Pay, Yardi's procurement and invoiceprocessing platform. The partnership will allow Yardi clients topurchase the Home Depot goods while streamlining the product buyingand payment process.

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“The Home Depot has a great market share in real estate;however, the traditional method of procuring MRO supplies has beenfor a site facilities manager to go down to the local vendor andpurchase supplies for the individual site, or group of sites,”Brad Setser, VP of marketing for Yardi, tellsGlobeSt.com. Yardi sought to eradicate this problem with this newprogram, which will allow property owners to both buy products andtrack spending for an entire portfolio.

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“Those owners whose property managers use the Home Depot now canconsolidate spend management portfolio-wide,” Setser explains.“They can also control product selection, and ensure procurementpolicies, procedures and compliance. Also, they cancapitalize on volume buying power. For owners, this leads to abetter quality of maintenance and service to their tenants andresidents, and a lower cost of operations.” The program works bothin-store and online for greater flexibility, and, because the HomeDepot stores are linked nationwide, the platform positions the homeimprovement store as the supplier for all of a property owner'sportfolio improvement needs.

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“The Home Depot's widespread store footprint and their abilityto network their stores on a national basis makes them a perfectsupplier for a property manager who wishes to centralize andstandardize procurement spending across a portfolio,” says Setser.“This is exactly what the Yardi Procure to Pay platform does, andthat is why it and the Home Depot is a good match.” Evenbetter, clients using Yardi's PAYscan already haveaccess to the program at no additional cost.

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Yardi is consistently releasing software to ease the workloadfor property owners. In an earlier story, GlobeSt.com reported thatYard's RENTCafé helped property management companyTarragon to achieve average occupancy rates of 96% to 98% in itsWashington State portfolio.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.