Northspyre Enhances Project Delivery Intelligence Platform With Yardi Data Integration
The integration will improve the accounting process for development teams and reduce time spent on administrative tasks and data-entry
NEW YORK, NY – October 7, 2021 – Northspyre is pleased to announce we have fully integrated with property management technology platform Yardi Voyager® to ensure even the most complex commercial real estate development projects deliver on budget.
Northspyre’s cloud-based intelligence and project delivery platform puts forecasting analytics and real-time insights into the hands of development teams and key project stakeholders so that all parties are armed with the information and purpose-built tools needed to make proactive, data-driven decisions to keep developments on schedule and below budget.
The two-way integration between Northspyre and Yardi Voyager enables accounting and development teams to communicate and collaborate better with project leadership, vendors, and key stakeholders. The two systems work hand-in-hand to expedite payments and ensure accounting teams’ general ledgers are up-to-date, with real-time information automatically syncing between the two systems so users are not wasting time reconciling inconsistent figures and entering data across multiple platforms.
For example, if a member of the project team approves an invoice for a project within Northspyre, that invoice – including the appropriate property ID, general ledger account number, vendor details and corresponding invoice information – will be reflected in Yardi Voyager. Conversely, payment details associated with that invoice will automatically flow from Yardi Voyager to Northspyre, eliminating the traditional administrative work and information silos associated with project and accounting teams. The integration enables teams to reconcile their traditional spreadsheet-based project management tools, ERP, and accounting systems.
Accounting teams have long utilized software to streamline monotonous, time-consuming administrative tasks within their day-to-day operations. Northspyre’s platform was designed to upend the status quo for development teams, project managers and internal real estate teams, enabling these teams to make more informed, data-driven decisions to drive easier, more predictable outcomes on development projects and across portfolios.
Northspyre’s system syncs into project teams’ existing email-based workflows to automatically extract and upload salient data from vital project documents including invoices, contracts, proposals and change orders. Northspyre intelligently flags key challenges and opportunities facing the project budget, vendors, and contingencies in real time while smartly indexing critical cost and vendor data across the portfolio so teams can leverage historical data and proactive insights to inform current and future project outcomes.
By bringing analytics and data-driven insights to commercial real estate project management, Northspyre increases efficiency, boosts productivity and improves development profitability for commercial real estate developers, owners, and key stakeholders.
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide. For more information on how Yardi is Energized for Tomorrow, visit yardi.com.
Northspyre is a cloud-based intelligence platform that empowers real estate professionals to make proactive, data-driven decisions on development, capital and asset projects across real estate project types. Created specifically to meet the needs of owners, developers, project management firms and internal real estate teams, Northspyre leverages the power of automation, data analytics and artificial intelligence to achieve predictable outcomes and realize significant time and cost savings. Northspyre’s technology is dedicated to helping teams deliver even the most complex project or portfolio on-time and on-budget. Since 2017, Northspyre has facilitated more than $25 billion in client projects. To learn more, visit northspyre.com.