[By NBC-1TV H. J Yook]Viva Industrial Trust Management (VIT) will leverage cloud-based property management and automated budgeting solutions from Yardi to manage its 2.4-million-square-foot business park and industrial property portfolio.

VIT selected Yardi Voyager® (http://goo.gl/p1Uolq), a browser-agnostic, mobile enabled Software as a Service (SaaS) platform that utilises the latest in cloud services technologies. VIT has its own installation of the application and its own secure database, allowing the company to control program versions and upgrades.

VIT anticipates faster budget review completion, highly accurate budgeting and forecasting, timely calculation of net present values and internal rates of return, and advanced commercial tenant analytic reports from Yardi Advanced Budgeting & Forecasting™.

“We were impressed with Voyager’s extensive functionality, ease of use and strong local presence. Voyager will help us make well-informed business decisions by improving our business processes resulting in better service for our tenants,” said the financial controller of VIT, Mr Lawrence Chan.

“VIT is one of many real estate investment trusts (REITs) to recognize the benefits of applying proven property solutions that solve critical business challenges,” said Neal Gemassmer, vice president of international for Yardi. “We are excited to welcome VIT to our growing roster of Asia Pacific clients.”