BNY Mellon Alternative Investment Services adopts Yardi solutions for its real estate investment clients
Financial institution will enhance client service and delivery with a single platform for property and investment accounting
SANTA BARBARA, CALIF., Oct. 13, 2015 – BNY Mellon’s Alternative Investment Services business will use Yardi Voyager® 7S, a mobile-enabled and tablet compatible platform, and Yardi Investment Management™ to provide property accounting and real estate private equity fund accounting services for its real estate investment clients around the world.
Comprehensive front office and back office solutions, full business intelligence, and mobility available from Yardi Voyager and Yardi Investment Management will be key factors in helping BNY Mellon provide greater transparency and control for its clients.
“As a complete vertical solution, Voyager gives us a robust platform for serving clients in their varied and widely dispersed investment and property accounting activities. The system’s scalability is also significant as we continue to grow our business worldwide,” said Alan Flanagan, global head of Private Equity & Real Estate Fund Services at BNY Mellon.
“Yardi looks forward to delivering a single platform capable of serving the fund, asset and property accounting requirements of one of the world’s largest and most prominent investment service organizations,” said Terri Dowen, senior vice president of sales for Yardi.
About BNY Mellon Alternative Investment Services
BNY Mellon is a leading administrator of alternative assets – including single manager hedge funds, funds of hedge funds, and private equity – with more than $760 billion of alternative assets under administration and/or custody and offices worldwide. BNY Mellon also offers a wide range of cash management, foreign exchange, collateral management, corporate trust, and wealth management services to the alternative investments industry.
Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management. With the Yardi Commercial Suite™, the Yardi Multifamily Suite™, Yardi Investment Suite™ and Yardi Orion™ Business Intelligence, the Yardi Voyager® platform is a complete real estate management solution. It includes operations, accounting and ancillary processes and services with portfolio-wide business intelligence and platform-wide mobility. Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in North America, Asia, Australia, Europe and the Middle East. For more information, visit www.yardi.com.
Media Contact: Joel Nelson
Yardi Systems Inc.