Yardi Corom
5 Reviews 4.5/5 ★ ★ ★ ★ ★A corproate lease management solution with ASC 842/IFRS 16 compliant accounting.
Product Overview
Yardi Corom is a cloud-based software platform that combines lease management with an accounting system. Its features are meant to cater to corporate leases. Yardi Corom facilitates efficient management of an entire lease portfolio, allowing users to analyze, track, collaborate, and manage leases end-to-end. Use Yardi to track critical dates, mitigate risks and reduce expenses using automation. It complies with FASB/IFRS guidelines and provides real-time occupancy metrics. The software also tracks and manages transactions with brokers and internal stake holders.Pros
- Consolidates lease mangement with accounting functionality
- Compliant with FASB and IFRS
- Suited for large-scale lease management
Cons
- Pricing not provided by the developer
- Initial learning curve for new users
Target Market
Large companies or corporations managing numerous leases.About Yardi Corom
Corporate Lease Management Features
- Lease Management
- Lease Accounting
- Occupancy Management
- Transaction Management
- Facilities Management
- Capital Projects and Construction Management
- Fresh & Simple UI
- Powerful and comprehensive reporting suite
- Automated workflows and actionable insights
Key Lease Management Features
- Actionable insights via dashboards and tailored reports
- Personalized notifications
- Centralize and easily search documents, contacts and key events
Key Lease Accounting Features
- Automate FASB ASC 842/IFRS 16 compliant calculations and recalculations
- Generate disclosure reports in seconds
- Robust reporting suite for commonly generated portfolio reports
- Operating expense and CAM reconciliation
Key Occupancy Management Features
- Enable flexible workspaces via desk hoteling and check-ins
- Centralize employee communication and enhance employee experience
- Get actionable insights on occupancy metrics and optimize your portfolio
Key Transaction Management Features
- Track deal pipeline and analyze deals easily
- Collaborate with internal teams and external brokers
- Powerful workflows with audit trails
Key Facilities Management Features
- Track and address work orders via manual or automated rule based scheduling
- Comprehensive Preventative maintenance and Inspections features
- Powerful workflows and dashboards for efficient facilities management
User Reviews of Yardi Corom
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We are “managing” less now
Since we implemented the solution, we are no longer chasing team members and documents for info. Its all there, easily accessibly. Implementation was quick for us and required very little training. I would recommend anyone to look at them before making a decision.
Enterprise space management features are missing. Would be great if it was all in one solution.
Lease administration is now a piece of cake
My team loves this solution. Its easy to use, provides good info without the need to run lot of reports.
None
Real estate account management platform
The solution is very easy to use. Lease management dashboard is a delight and gives us a lot of information without any clicks. I get a lot of information just by logging in and via automated notifications without running reports. Definitely recommend this solution if anyone is looking.
There were 2 minor glitches when we first implemented but the team was very responsive and fixed it right away.
Corporate Lease Manager manages all real estate lease data
I was aware of Yardi from my previous job so I knew they were leaders in real estate software space. We looked at various solution providers for lease accounting that is compliant with ASC 842 / IFRS 16 and finally selected Corporate Lease Manager by Yardi. It has been an assuring experience to have implemented our solution that is backed by an experienced team like Yardi. Work
None so far
Easy to use and has all features we need
user interface is easy, does not require much training, features are well designed. A small portion of our portfolio also use their lease accounting module and its such a time saver while being very accurate too.
So far so good
