Yardi software offers two versions of their services offerings, SaaS Select and Hosted Private Could. They are essentially same offering from a front end user’s perspective, but vary significantly on the back end. Deciding on which one is right for you depends on your business requirements, the maturity of your organization, and your data analysis needs.
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Below is a high level guide which should assist in the selection.
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Software as a Service (Saas Select)
What is it?
Yardi’s default set up is a classic Software as a Service model. Behind the scenes you’re sharing some of your servers with other Yardi clients, however you do get your own protected database as well as a protected front end client surfaced through the internet.
How do I get it?
This is your entry level instance of Yardi that most people use usually charges on a dollar per asset license.
Pros
Going Saas Select is the most common and cost effective set up if you are small to medium sized client. It offers a stable platform with standard support. It provides the lowest barrier to entry and also the best cost for smaller or growing businesses. There are no risk of performance or resource sharing as this is handled quite well with dedicated resourcing and databases.
Cons
The biggest downside of going Software as a Service is that you are limited to only nightly backups of the data. For more real time access, more complex extracts leveraging Task Runner and FTP are needed and do not scale well.
Hosted Private Cloud
What is it?
Hosted private cloud is your own personal server spun up to host your individual instance of the Yardi application and database. It provides better performance, security and control over the server where your Yardi instance lives.
How do I get it?
This is offered at an increased annual cost, but also is included free once you reach a certain level of spend against your AUM.
Pros
This offering comes with a dedicated server, database and environment and with all the support of SaaS select. This set up will allow for more real time data access and facilitate inbound data (such as property onboarding) as simpler process. Dedicated resourcing will also give flexibility into adding to the database structure to host any additional data points your business requires.
Cons
The largest downside to Private Cloud is that it can cost more than SaaS select, especially for smaller to mid-size companies. Outside of cost, all functionally, support and actions are available of the Software as a Service model.
In conclusion, no matter which version of Yardi you go with the tool will help you run your business. The ultimate decision point should be based on what your organization requires to be successful and most of all efficient.