In many ways, 2023 was a banner year for Yardi. We released some new and exciting products, were honored with awards that reflect our core values as a company and expanded our philanthropic efforts. One thing that property managers (and their residents) may get excited about is that we decided to eliminate ACH fees for residential properties starting in 2024.
Here are some of Yardi’s most significant moments of the year.
Glassdoor Employees’ Choice Award
In January, Yardi started off the year strong as we were honored with a Glassdoor Employees’ Choice Award for the third time as one of the Best Places to Work in 2023.
The Glassdoor Employees’ Choice Award is based solely on the input of employees, who voluntarily provide anonymous feedback by completing a review about their job, work environment and employer on Glassdoor.
“Taking care of our employees and offering opportunities to contribute to our clients’ success are guiding principles at Yardi,” said Anant Yardi, the company’s CEO and founder. “We are honored to receive this prestigious award again from Glassdoor, and we are grateful for the supportive culture that has been fostered at all levels within our organization.”
EPA honor
In March, Yardi received the 2023 ENERGY STAR® Partner of the Year Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy after being named Partner of the Year for five consecutive years.
The award celebrates companies that offer energy services and products in the commercial, institutional or industrial markets for successfully assisting clients with strategic energy management and building design. Partner of the Year award winners have committed long-term to fighting climate change and promoting public health through energy efficiency messaging.
Cloud VO
In June, Yardi announced the acquisition of CloudVO, the San Francisco-based online reseller of virtual offices, meeting rooms and other workplace services.
Laurent Dhollande, CEO of CloudVO, commented: “We are thrilled that CloudVO is now part of Yardi. Our partners will benefit from the Yardi listing service with infinitely more reach and strength than CloudVO could provide on its own, with seven online listing sites that combine over 3 million visitors monthly. Our customers will be exposed to a larger inventory and better choices for their online bookings and purchases of workplace services, including meeting rooms, private offices and virtual offices.”
Forbes Cloud 100
In August, Yardi was named again to the prestigious Forbes Cloud 100 list, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures. Yardi was a member of the inaugural Cloud 100 in 2016 and is the only company focused on real estate this year.
“We’re honored that Forbes continues to recognize Yardi for our cloud technology and services,” said Jay Shobe, senior vice president of cloud services at Yardi. “Since the inaugural list, this inclusion has reflected our employees’ continual efforts and our clients’ unfailing support worldwide.”
Yardi eliminated ACH fees
In October, Yardi announced the elimination of ACH fees for clients and residents making rent payments in the United States and Canada, starting January 2024.
“We believe that further streamlining the rent payment process will not only improve resident satisfaction, but also create a positive ripple effect throughout the industry. Eliminating ACH fees will drive further online payment adoption and reduce operational costs for our clients,” said Akshai Rao, president of the residential division at Yardi.
Assistance for natural disaster victims
In Nova Scotia, Yardi added a new feature to its rental listings portal, Point2, to help displaced residents find shelter and available housing options. “As a company that is committed to using technology to impact our communities positively, Yardi is proud to collaborate with the Province of Nova Scotia to aid those affected by the wildfires,” said Peter Altobelli, vice president and general manager of Yardi Canada Ltd.
When the wildfires of Maui took place, Yardi donated $250,000 to two Yardi-supported organizations, Direct Relief and World Central Kitchen.
After catastrophic earthquakes in Turkey and Syria, Yardi contributed a total of $1 million to four non-profit organizations that worked to provide humanitarian relief after the disastrous quake.
Yardi Foundation Scholarships
In support of higher education, Yardi began long-term partnerships this year with 20 colleges and universities across the United States and Canada to provide college scholarships to students with financial needs. The Yardi Foundation has committed over $10 million in scholarships and student support over the next four years.
“Yardi recognizes that a college degree can be life-changing, especially for first-generation scholars, and we are excited to join these colleges and universities and help students achieve their goals,” said Shobe.
Commitment to nonprofit support
Demonstrating a continued pledge to supporting communities, Yardi’s philanthropic arm made donations to over 500 nonprofits this year. Many of these nonprofit donations come from employee office. Recommendations. In addition to financial support, Yardi employees made an impact volunteering in-person for many of the organizations.
Those were some of the highlights and impactful moments of 2023. From all of us on Team Breeze, we wish you a safe and happy new year!
