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Platform Streamlines Vendor Management Processes, Driving Cost Savings and Operational Efficiency for Multifamily Operators
Bend, OR - May 6th 2024 — Revyse, a pioneering solution in the multifamily industry, proudly announces the official launch of its all-in-one vendor lifecycle management platform. Revyse's innovative software tackles the shortcomings of existing solutions, enabling operators to effortlessly manage intricate recurring contracts and nurture ongoing partnerships with tech and service providers. This leap forward not only boosts Net Operating Income (NOI) but also significantly reduces vendor-related risk. Furthermore, Revyse has successfully raised $1 million in seed funding from top investors in the multifamily sector.
Founded by veterans with deep-rooted experience in the rental housing industry, Revyse modernizes vendor management practices for today’s technology-driven portfolios. The platform's innovative approach promises to simplify processes, maximize efficiency, and drive unparalleled results for multifamily operators.
“We have been incredibly fortunate to work with some esteemed industry leaders in the development of Revyse Vendor Intelligence” says CEO Bobbi Steward. Top of that list is the team at CAPREIT. Chief Technology and Transformation Officer, Savas Karas commented, “I have followed, advised and worked with the Revyse team and their development efforts for over 9 months now. The speed at which the product has been developed shows both a deep understanding of the multifamily problem set and a veteran approach to software development.” He continued, “The Revyse founding team went through multiple calls with multiple stakeholders at CAPREIT - all of whom realized very quickly that the product will fill a big void in our Vendor Lifecycle Management efforts. Revyse offers a platform we will come to rely on for a multitude of services.“
The investment round was led by RF Advisory (RFA), the strategic services arm of RealFoundations, a dominant force in real estate management consulting and managed services. The round also saw participation from strategic multifamily owner/operators CAPREIT and Westover Companies, and seasoned proptech entrepreneur, Caren Maio, Co-Founder of Funnel Leasing.
This seed funding marks a pivotal moment in Revyse's journey, enabling the company to expand its core product offering and solidify its position as a key player in the real estate and property management sectors.
David Stanford, Managing Partner of RFA commented on the partnership stating, "As a firm dedicated to helping Real Estate Run Better for the last 25 years, we believe Revyse is addressing a pervasive problem that our client base of over 1,000 accounts continues to experience - the lack of a singular inventory of the components of a firm's technology stack. Given the recent emphasis on cybersecurity and interest from the SEC, we recognize a renewed energy in identifying the various technologies in use across the enterprise, its regions and properties, including the home and building itself. Revyse presents our industry the opportunity to track vendor offerings, contracts, spend, and integrations, along with details of internally developed solutions, providing insight and visibility into the return on investment across the company's Information Model. We see applicability for this across all six sectors we serve and beyond the US residential market.”
Revyse's Spend Intelligence feature, a cornerstone of its platform, empowers multifamily operators with invaluable insights and spend analytics to optimize location-level services, vendor negotiation, performance, and relationships.
For further information about Revyse and its groundbreaking platform, contact Ben Steward at ben@revyse.com or visit https://revyse.com.
About Revyse:
Combining advanced technology with intuitive design, Revyse is redefining vendor management for multifamily. Streamlining every phase of engagement, Revyse’s comprehensive platform provides powerful tools for discovery, compliance, and ongoing management, helping multifamily professionals master the complexities of the vendor lifecycle — from initial selection through contract renewal.
About RealFoundations:
RealFoundations is the world's foremost professional services firm exclusively dedicated to the real estate industry. Through management consulting and managed services, RF empowers companies involved in real estate development, ownership, operation, and investment to make smarter, more profitable decisions. With a proud partnership network spanning over 500 real estate companies globally, RF delivers accelerated solutions that address some of the industry's most complex challenges. "We Make Real Estate Run Better."