Key Takeaways
- • CliftonLarsonAllen (CLA), a Minneapolis-based professional services firm with ~9,300 employees across 120 U.S. locations, has selected Yardi Investment Management™ to replace legacy general ledger and spreadsheet systems for real estate fund administration services serving private equity real estate clients.
- • The platform consolidates investment accounting workflows into a single system, eliminating repetitive data entry and accelerating the generation of investor statements, fund financial reports, and performance metrics—key operational improvements for fund administrators managing multiple client portfolios.
- • Yardi Investment Management integrates comprehensive business intelligence and reporting capabilities, enabling faster investor reporting directly from accounting data while improving data reliability and investor confidence in fund performance disclosures.
- • The implementation underscores growing institutional demand for integrated investment management software in the real estate fund administration space, where manual accounting processes create operational inefficiency and reporting delays for alternative investment managers.
Summary
CliftonLarsonAllen announced on March 29, 2016, that it will deploy Yardi Investment Management™ to modernize fund administration services for its private equity real estate client base. The decision reflects a strategic shift away from fragmented general ledger and spreadsheet-based accounting systems toward a unified platform designed specifically for investment fund operations.
Marc Mallory, principal at CLA, emphasized the operational benefits of the transition, noting that Yardi Investment Management eliminates redundant data entry workflows while accelerating the production of investor statements and financial performance reporting across multiple client funds. For fund administrators managing diverse real estate investment portfolios, this automation directly addresses a persistent operational bottleneck: manual reconciliation and reporting delays that slow distribution of critical performance data to limited partners.
Terri Dowen, senior vice president of sales for Yardi, positioned the platform's integrated business intelligence and reporting functionality as a strategic asset for investment decision-making and portfolio value optimization. The system's ability to automate investor reporting directly from source accounting records reduces transcription errors and enhances data integrity—critical considerations for institutional investors evaluating fund performance and compliance documentation.
Yardi, established in 1984 and headquartered in Santa Barbara, California, develops investment and property management software serving residential and commercial real estate enterprises globally. The CLA deployment exemplifies the broader market trend toward specialized software solutions for alternative asset administrators seeking to improve operational efficiency and investor communication without expanding back-office headcount.
Marc Mallory, principal at CLA, emphasized the operational benefits of the transition, noting that Yardi Investment Management eliminates redundant data entry workflows while accelerating the production of investor statements and financial performance reporting across multiple client funds. For fund administrators managing diverse real estate investment portfolios, this automation directly addresses a persistent operational bottleneck: manual reconciliation and reporting delays that slow distribution of critical performance data to limited partners.
Terri Dowen, senior vice president of sales for Yardi, positioned the platform's integrated business intelligence and reporting functionality as a strategic asset for investment decision-making and portfolio value optimization. The system's ability to automate investor reporting directly from source accounting records reduces transcription errors and enhances data integrity—critical considerations for institutional investors evaluating fund performance and compliance documentation.
Yardi, established in 1984 and headquartered in Santa Barbara, California, develops investment and property management software serving residential and commercial real estate enterprises globally. The CLA deployment exemplifies the broader market trend toward specialized software solutions for alternative asset administrators seeking to improve operational efficiency and investor communication without expanding back-office headcount.
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