Capita Asset Services Selects Yardi for Real Estate Fund Administration Platform
21 June 2017 - 2:30PM
Business Wire
Capita Asset Services has selected Yardi Voyager® 7S, a
cloud-based real estate property management and fund accounting
solution, for its Real Estate Fund Administration business.
The solution will offer Capita Asset Services’ clients a
scalable, integrated and end-to-end property management,
accounting, and fund administration solution, and is designed to
accommodate the evolving needs of Capita Asset Services’ high
profile and sophisticated client base.
The partnership will mean Capita Asset Services can now offer a
huge array of additional options including more detailed investor
reporting capabilities, real-time KPI and property asset analysis,
alongside transparent data management on a modern technology
platform.
Gordon Shaw, managing director, fund solutions at Capita Asset
Services, said: “Yardi’s Voyager 7S is a class-leading real estate
fund administration and property management system, that will
accommodate our expanding list of clients, provide enhanced
reporting and add workforce mobility to help drive operational
efficiencies.
“Voyager’s breadth of functionality, from property management,
right through the fund accounting processes to investor and client
reporting in a single system, will allow us to significantly
enhance the services that are available to our existing and target
client base. It will also play an integral part in the success of
our future growth plans.”
Neal Gemassmer, vice president, international for Yardi, said:
“We are very pleased to welcome Capita Asset Services on board as
one of our latest clients in an increasingly demanding sector. This
partnership will help Capita meet increasingly stringent reporting
requirements, while driving business efficiencies, delivering such
a positive impact in the market they serve.”
With more than 40 years’ experience and a full range of services
to real estate funds, Capita Asset Services' reputable customer
base continues to expand, covering more than 50 per cent of the
UK’s REIT market.
Notes to Editors
Capita Asset Services is a leading European asset servicing
platform. We administer and safeguard more than £600bn of assets
across 10 highly-regulated European jurisdictions, and work with a
broad range of market segments, industries and asset classes. We
provide services to more than 7,000 clients, including asset
managers and investors, business managers, asset owners, issuers
and borrowers.
We are one of the UK’s leading funds service providers, with
over £85 billion of assets under administration and 40 years of
experience, in partnership with some of the most prestigious names
in the industry., We provide investment managers with a
comprehensive set of onshore and offshore independent management
company and fund administration solutions across a wide range of
fund structures and asset classes. For information, visit:
capitaassetservices.com.
Capita is a leading UK provider of technology enabled customer
and business process services and integrated professional support
services. With 73,000 people at over 450 sites, including 98
business centres across the UK, Europe, India and South Africa,
Capita uses its expertise, infrastructure and scale benefits to
transform its clients' services, driving down costs and adding
value. Capita is quoted on the London Stock Exchange (CPI.L), with
2016 underlying revenue of £4.9 billion. Further information on
Capita can be found at: capita.com.
About Yardi
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 from offices in Australia,
Asia, the Middle East, Europe and North America. For more
information, visit: yardi.com/uk.
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version on businesswire.com: http://www.businesswire.com/news/home/20170620006283/en/
Yardi Systems LimitedMartin Gedny, +44 (0) 1908
308400Senior Manager, EMEA
Marketingmartin.gedny@yardi.comorCapita Press OfficeKirsty
Sewter, 0207 654 2386Kirsty.sewter@capita.co.uk
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