Yardi Corom
5 Reviews 4.5/5 ★ ★ ★ ★ ★A cloud based lease accounting and management software for FASB, ASC 842, IASB, IFRS 16 and GASB 87 standards.
Product Overview
Yardi Corom is a cloud-based software that combines lease accounting and management. 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 stakeholders.Pros
- Consolidates lease mangement with accounting functionality
- Offers construction management for capital projects
- High level security features with visitor tracking and management
Cons
- Pricing not provided by the developer
- Initial learning curve for new users
Target Market
Large commercial companies or corporations managing numerous leases. Particularly beneficial for retail and office space.Lease Management Features
- Actionable insights via dashboards and tailored reports
- Personalized notifications
- Centralize and easily search documents, contacts, and key events
Lease Accounting Features
- Automate FASB ASC 842/IFRS 16 compliant calculations and recalculations
- Generate disclosure reports in seconds
- Reporting suite for commonly generated portfolio reports
- Operating expense and CAM reconciliation
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
Transaction Management Features
- Track deal pipeline and analyze deals easily
- Collaborate with internal teams and external brokers
- Workflows with audit trails
Facilities Management Features
- Track and address work orders via manual or automated rule-based scheduling
- Preventative maintenance and inspection features
- Workflows and dashboards for efficient facilities management
Construction Management Features
- Project management and oversight with risk mitigation
- Track project time and budgets for capital projects and buildout
- Monthly forecasting across projects
- Facilities creation, management, ap[roval, and forecasting of planned and proposed jobs for multi-year capital expenditures
- Tracking of transactions, committed costs, budget vs actual comparisons
- Real-time revisions and detailed analysis of jobs, contracts, and draws
- Review and approve job invoices, payables, and RFPs
- Field mobile app
Visitor Management Features
- Tracking and managing all visitors entering and exiting facilities
- Security protocols to ensure visitor safety and compliance
- Check-in processes for visitors to reduce wait times and improve experience
- Integration available to other facilities and security systems
User Reviews of Yardi Corom
Write a Review
We are "managing" less now
We are “managing” less now
Pros
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.
Cons
Enterprise space management features are missing. Would be great if it was all in one solution.
Yardi Corom Review
Lease administration is now a piece of cake
Pros
My team loves this solution. Its easy to use, provides good info without the need to run lot of reports.
Cons
None
The solution is very easy to use
Real estate account management platform
Pros
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.
Cons
There were 2 minor glitches when we first implemented but the team was very responsive and fixed it right away.
- Internet Software & Services
- 1-10 employees
- Annual revenue $0-$1M
Corporate Lease Manager manages all real estate lease data
Corporate Lease Manager manages all real estate lease data
Pros
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
Cons
None so far
Easy to use and has all features we need
Easy to use and has all features we need
Pros
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.
Cons
So far so good
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