American National Insurance Company Selects Yardi for Real Estate Management
Texas-based company integrates business management software to perform
accounting, fixed asset control, and budgeting and forecasting for its
properties within its core Yardi Voyager platform
SANTA BARBARA, Calif. -- October 28, 2013
American National Insurance Company (American National), a provider of a broad
array of insurance and financial products, anticipates a successful
collaboration with a trio of new Yardi® products. These products will support
financial reporting, fixed asset management, and budgeting and forecasting for
American National’s investment portfolio of commercial properties.
Yardi Voyager^® will provide a unified platform for American National’s
property management and accounting operations. “The corporate office utilized
a Windows^®-based product while fee managers used a Web-based product. This
resulted in different views and reports. Voyager supports everyone on the same
platform, allowing all parties to look at the same thing, no matter where they
are when they log in, which will lead to greater efficiency,” said Clint
Jenkins, real estate investment servicing manager for American National.
“Connecting our sub-ledgers with our corporate ledger will help us prepare
reports more quickly, with full drilldown capability, for a variety of
American National will use Yardi Fixed Assets™ for physical and financial
monitoring of its major property assets through their complete lifecycle, from
purchase order to final disposition, using any of a variety of depreciation
methods. “Integrating fixed asset monitoring with our core property management
platform will let us link new assets with purchase orders and preserve the
full history of asset depreciation with no extra effort,” Jenkins said.
American National will also adopt Yardi Advanced Budgeting & Forecasting™, an
automated solution that delivers budget projections for revenue and expenses
related to properties using “live” tenant lease data drawn from Yardi Voyager.
“Advanced Budgeting & Forecasting will upgrade our long-range budgeting
capabilities with detailed property data and eliminate the time and labor
needed to export data from other programs or databases,” Jenkins said.
“Yardi is pleased to offer proven solutions and mature technology that will
enhance American National’s property management,” said Terri Dowen, senior
vice president of sales for Yardi.
About American National Insurance Company.
American National Insurance Company, based in Galveston, Texas, was founded in
1905 and is licensed to conduct the business of insurance in all states except
New York. American National, along with its subsidiaries, represents a family
of companies. The American National Family of Companies operates in all 50
states, offering a broad line of products and services, which include life
insurance, annuities, health insurance, pension products and services, credit
insurance, and property and casualty insurance products for personal lines,
agribusiness and certain commercial exposures. For more information, visit
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^™, Yardi Investment Suite^™, Yardi
Multifamily 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
Yardi Systems Inc.
Joel Nelson, 800-866-1144 x1255
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