Ferris AMC Selects Yardi Voyager Investment Management to Streamline Fund Accounting

LONDON, June 6, 2011 /PRNewswire/ --

Yardi Systems, one of the leading developers of software for investment, asset and property management, announces that Luxembourg-based Ferris Accounting & Management Consultancy S.à r.l. ("Ferris AMC") has selected Yardi Voyager Investment Management(TM) as its integrated fund accounting platform.

Ferris AMC, which provides accounting and management consulting services to real estate companies and private equity funds, needed to replace its previous accounting platform with an industry-specific solution to manage its entity-level fund accounting and to prepare consolidated accounts. Having had prior experience with a number of solutions in the marketplace, managing director Sansal Ozdemir moved swiftly and without hesitation to select Yardi Investment Management. "Ferris AMC team members have already been using Yardi before joining Ferris AMC, some of them as early as 2003. As such, we were already aware of the capacity of the system and the added value the system will bring to our business," remarks Mr. Ozdemir.

Yardi Investment Management meets Ferris AMC's specific requirements with extensive entity-level accounting, rollup and reporting functionality and secure access to key information within the system via the internet. Mr. Ozdemir has also been impressed by the program's flexibility and ease of use.

"We already benefit a lot from Yardi as the result of the efficiencies we achieved with it," states Mr. Ozdemir, "and it is also a value added to our client servicing due to the quality of the output we can generate from Yardi."

"We are very pleased to welcome Ferris on board as a client," comments Richard Gerritsen, regional sales director for Yardi Systems in Europe. "We are extremely proud that a real estate professional with the experience of Mr. Ozdemir chose to select our Investment Management solution at a very early stage of the process. It's a wonderful endorsement of the solution that we offer the fund accounting and investment management industry."

About Ferris

Ferris AMC was established in 2009 to provide accounting & management consulting services to real estate companies and real estate and private equity funds.

The company's added-value proposition is to maximise the value of its clients' businesses through exemplary services provided by specialised teams. The company is comprised of a team of leading professionals with solid experience in management of financial operations of real estate companies, real estate and private equity funds.

More information about Ferris AMC services and the company is available at http://www.ferrisamc.com

About Yardi

Yardi Systems has been committed to the design, development and support of real estate investment management and property management software for more than 28 years. The Yardi Voyager(TM) system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at http://www.yardi.com.

    
    Press Contact:
    Martin Gedny - European Marketing Manager
    Yardi Systems Limited - +44(0)1908-308400
    Martin.gedny@yardi.com