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 Europe — Spring 2017 |
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In This IssueClient News Bartra Capital Property Group Manages Portfolio Growth with Yardi Voyager 7S » Arabian Centres Selects Yardi Voyager 7S for Retail Portfolio Management »
Client in Focus
Yardi News
Software to Support Your Front of House »
Product & Technology Smarter Than Ever Business Intelligence » Yardi Voyager for Germany Reaches New Milestone »
Industry Trends Residents Rule The Build-to-Rent Roost – Northern Powerhouse Property Management Think Tank » Retail Technology, Runs on Yardi, by Yardi Senior Vice President, Rob Teel » Is Your Real Estate Portfolio Resilient Enough? » EventsYASC Europe – Save the Date! » Upcoming Yardi Client Usergroups » Yardi is Honoured to be Shortlisted for Proptech Company of the Year » How to Shift from Big Data to Smart Data – Yardi at MIPIM » UK Rent Awards & Conference, London – 20 April » REALTY, Brussels – 16-18 May »
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Product & TechnologyYardi Voyager for Germany Reaches New MilestoneYardi’s philosophy has, for many years, been to invest in developing real estate specific solutions and services for the local markets they serve and this is especially the case in Germany. Following last years’ acquisition of Mainz based software company iMS GmbH, Yardi set in motion some ambitious plans for growth and is pleased to announce some important new milestones.
The Completion of Adaptations for the German Market
In addition, several meetings were held at Yardi's customers who are familiar with both Voyager and iMS. From these appointments, a list of requirements emerged, and these have now been implemented in the Voyager platform by the team based in Mainz. A special rent-roll has already been implemented for the German market and one of the larger projects is the "Requirement for the treatment of pre-tax correction according to § 15a UStG". The aim here is to correct the original deduction for mixed-use real estate in a retroactive manner for a period of up to ten years, when a non-taxable tenant becomes a tax-free tenant. It is now possible in these cases to recalculate the existing input tax distribution by the system and to have automatic correction entries generated if the calculated changes exceed the legal marginal limits. Furthermore, there is currently an advanced functionality for sales tax pre-registration according to the Elster standard.
Translation of the English-language software into German
Another challenge has ben the multiple meaning of English terms. For example, the term "to" can be used temporally and spatially, which in German requires two different translations ("bis" or "an"). A correct translation in a context inevitably results in a wrong translation in another context. In techni al terms, the translation implemented by a dictionary table, which is integrated into the Voyager software. Any English-language term is replaced by the corresponding German-language term. If there are several meanings, the translation process automatically determines which translation is to be used based on the screen template used. The Technical requirements for this mask-specific translation had to be realized in a preliminary project. Considering that Voyager alone has more than 15,000 warnings, you can gauge the task of a complete translation. A first demo version was completed at the beginning of 2017 and over the course of this year customers in Germany will benefit from the translation enhancements made to the Voyager platform. |
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