Real Estate Integration
Case Study
Shorenstein – Migrating Data and Implementing Yardi Voyager for Real Estate Investment Management
Shorenstein is a fully integrated real estate investment company, bringing entrepreneurial vision to office and mixed-use properties across dynamic markets in the United States. The company sought to streamline its operations and finance activities by migrating data from multiple legacy systems to the Yardi Voyager application, a comprehensive real estate management platform. Data Template collaborated with Shorenstein to migrate data, implement custom reports, and ensure smooth integration with the new system. Additionally, we focused on ensuring the retirement of legacy systems to reduce maintenance costs, all while improving reporting capabilities for day-to-day operations.
The Vision
Streamlining Real Estate Investment Management through Yardi Voyager Implementation. Migrate Data from Legacy Systems: Transition all data from existing legacy systems to the new Yardi Voyager platform. Build Custom Reports: Implement new and modify existing reports to support real-time decision-making and improve operational efficiency. Retire Legacy Applications: Reduce maintenance costs by phasing out outdated systems. Improve Data Accessibility and Reporting: Ensure that real-time, accurate reports are available to support day-to-day activities and top management.
Scenario
Overcoming Challenges in Data Migration and System Integration
Data Migration: Legacy data from centralized systems such as IBM Mainframe, XLS files on shared drives, and SQL Server databases needed to be migrated to the Yardi Voyager platform with minimal disruption to daily operations. Custom Reports: There was a need for custom reports tailored for top management, which required integrating data from various sources and ensuring compatibility with the Yardi Voyager system. Legacy System Retirement: As part of the digital transformation, legacy applications needed to be phased out to reduce the costs associated with maintaining outdated systems.Test Strategy and Execution: The migration and implementation required rigorous testing to ensure data accuracy and system functionality.
What we did
Data Migration, Reporting, and Integration with Yardi Voyager
Our team worked closely with Shorenstein to migrate legacy data to the new Yardi Voyager platform while ensuring minimal disruption to daily operations. We also focused on improving reporting capabilities and reducing reliance on legacy systems.We facilitated the migration of data from multiple legacy systems, including: IBM Mainframe: Transferred critical real estate data stored on legacy mainframe systems. XLS Files on Shared Drive: Moved important spreadsheets containing real estate management data to the Yardi Voyager platform. SQL Server: Migrated existing databases to the new platform to ensure consistency and integrity of real estate investment data.
We developed and implemented new reports and modified existing ones to provide valuable insights into Shorenstein's daily activities. These reports were customized for: Day-to-day Operations: Reports supporting operational needs, such as property performance, financial analysis, and transaction tracking. Top Management: Executive-level reports focused on key performance metrics (KPIs) and real-time financial data to aid in decision-making. To reduce the maintenance cost of legacy systems, we worked with Shorenstein to retire outdated applications. This not only minimized the operational costs but also ensured that all resources were focused on maintaining the new Yardi Voyager platform.
Key features of the experience
The Impact
Our engagement with Shorenstein led to several positive outcomes
Through our collaboration with Shorenstein, we successfully migrated data from legacy systems to Yardi Voyager, improving their real estate investment management processes. We also helped reduce operational costs, improve reporting capabilities, and ensure data accuracy. Shorenstein is now equipped with a modern, streamlined system that supports both their operational and financial needs, enabling them to focus on future growth and investment opportunities.
Seamless Data Migration
The transition from legacy systems to Yardi Voyager was smooth, with no significant disruptions to daily operations. Data integrity and accuracy were maintained throughout the process.
Improved Reporting
The custom reports developed for Shorenstein's operational and executive needs provided actionable insights, improving decision-making and overall business operations.
Cost Reduction
By retiring legacy applications, Shorenstein reduced the costs associated with maintaining outdated systems. The streamlined infrastructure led to lower operational expenses and improved resource allocation.
Optimized Testing Process
Our robust test strategy, which included integration, regression, and sanity testing, ensured the successful deployment of the new system, reducing the risk of defects post-migration.