Software Alternatives, Accelerators & Startups

Touchplan VS Yardi Elevate

Compare Touchplan VS Yardi Elevate and see what are their differences

Touchplan logo Touchplan

Touchplan is a construction operations management software that helps builders of all sizes to manage their sites more efficiently.
Yardi Elevate connects the deal pipeline to revenue forecasting to construction management to tenant and facility management in a single connected solution.
  • Touchplan Landing page
    Landing page //
    2023-07-09
  • Yardi Elevate Landing page
    Landing page //
    2023-07-16

Touchplan features and specs

  • User-Friendly Interface
    Touchplan features a highly intuitive interface that is easy to navigate, making it accessible to both tech-savvy users and those who might be less comfortable with digital tools.
  • Real-Time Collaboration
    The platform allows for real-time collaboration between team members, facilitating better communication and more efficient project planning.
  • Integration Capabilities
    Touchplan can integrate with other popular construction management tools, enhancing its functionality by allowing seamless data sharing across platforms.
  • Mobile Access
    Supported on mobile devices, Touchplan provides on-the-go access which is essential for construction teams who need to manage tasks from various job sites.
  • Comprehensive Reporting
    Touchplan offers robust reporting features that help teams track progress, identify bottlenecks, and make data-driven decisions.

Possible disadvantages of Touchplan

  • Cost
    The pricing for Touchplan may be a barrier for smaller companies or projects with limited budgets, as it may be viewed as relatively expensive compared to other tools.
  • Learning Curve
    While the interface is user-friendly, the depth of features available in Touchplan can be overwhelming for new users, potentially requiring training or time to fully master.
  • Internet Dependency
    Given that Touchplan is cloud-based, a consistent internet connection is required to use its features, which can be a challenge in remote or less-connected job sites.
  • Limited Offline Capabilities
    Touchplan offers limited offline functionalities, which can impede work progress when users are in areas with poor or no internet connectivity.
  • Specific Industry Focus
    The tool is tailored to the construction industry, which may limit its applicability for teams or projects outside of this field, reducing its versatility as a project management tool.

Yardi Elevate features and specs

  • Comprehensive Asset Management
    Yardi Elevate provides an integrated suite of tools for asset management, investment management, and budgeting and forecasting, allowing property management firms to consolidate multiple workflows into a single platform.
  • Seamless Integration with Yardi Voyager
    Elevate is built on top of the Yardi Voyager platform, which means data flows seamlessly between property management operations and executive-level analytics without the need for third-party integrations or manual data transfers.
  • Advanced Budgeting and Forecasting
    The platform offers robust budgeting and forecasting capabilities that enable real estate professionals to create detailed financial projections, perform scenario analysis, and compare actuals against budgets in real time.
  • Construction and Development Management
    Yardi Elevate includes tools for managing construction projects, tracking costs, and overseeing development timelines, making it a valuable solution for firms involved in property development as well as operations.
  • Centralized Data and Reporting
    Elevate provides powerful business intelligence dashboards and reporting tools that pull data from across the Yardi ecosystem, giving executives and portfolio managers real-time visibility into portfolio performance, occupancy, and financial health.

Possible disadvantages of Yardi Elevate

  • High Cost
    Yardi Elevate is a premium product suite that can be expensive, particularly for small to mid-sized firms. Licensing fees, implementation costs, and ongoing maintenance can add up significantly, making it less accessible for smaller organizations.
  • Steep Learning Curve
    Due to the depth and complexity of the platform, onboarding and training can be time-consuming. Users often require extensive training to fully utilize all of the features, which can slow initial adoption and productivity.
  • Dependence on Yardi Ecosystem
    Elevate works best when used within the broader Yardi ecosystem (especially Voyager). Organizations not already using Yardi products may find it difficult or impractical to adopt Elevate as a standalone solution, creating vendor lock-in.
  • Complex Implementation Process
    Deploying Yardi Elevate can be a lengthy and involved process requiring significant IT resources, data migration efforts, and customization, which can lead to project delays and higher-than-expected implementation costs.
  • User Interface Can Feel Dated
    Some users have noted that portions of the Yardi interface can feel less modern or intuitive compared to newer, cloud-native competitors, which may affect user satisfaction and ease of everyday use.

Analysis of Yardi Elevate

Overall verdict

  • Yardi Elevate is a solid choice for property owners and managers who want an integrated, data-driven approach to asset management, particularly those already invested in the Yardi Voyager ecosystem. It offers strong analytics and operational tools but comes with a learning curve and cost considerations typical of enterprise-grade platforms.

Why this product is good

  • Provides advanced analytics and reporting through Yardi Elevate Forecasting, Energy, and other modules to optimize property performance
  • Integrates seamlessly with Yardi Voyager, creating a unified data environment across accounting, leasing, and operations
  • Offers predictive insights using AI and machine learning to help reduce costs and improve NOI (Net Operating Income)
  • Includes specialized tools for facilities management, energy efficiency, and capital planning
  • Backed by Yardi's long-standing reputation and continuous investment in property management technology

Recommended for

  • Mid-size to large commercial and multifamily property management companies
  • Organizations already using Yardi Voyager seeking deeper analytics and asset optimization tools
  • Portfolio managers focused on energy efficiency and sustainability initiatives
  • Real estate operators needing predictive maintenance and capital expenditure planning
  • Enterprises requiring integrated financial and operational data for strategic decision-making

Touchplan videos

New feature! Touchplan Insights

More videos:

  • Tutorial - How to Create a Schedule in Touchplan (Cal Poly CM280)
  • Review - 20190923 touchplan

Yardi Elevate videos

Yardi Elevate

More videos:

Category Popularity

0-100% (relative to Touchplan and Yardi Elevate)
Construction
95 95%
5% 5
Construction Project Management
Project Management
95 95%
5% 5
Asset Management
0 0%
100% 100

User comments

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What are some alternatives?

When comparing Touchplan and Yardi Elevate, you can also consider the following products

Autodesk BIM 360 - Autodesk BIM 360 is a construction project management software.

Procore - Procore is the world's most widely used construction project management software. Easy to use, mobile platform with unlimited user licenses.

Fieldwire - The construction app for project and task management in the field.

SKYSITE - SKYSITE Document Management Software is specifically built for AEC industry & facility managers. Get access to all projects & critical construction documents anytime, anywhere.

BuilderTREND - Buildertrend is the #1 construction management software and construction app for home builders, remodelers, specialty contractors and commercial construction.

JobNimbus - Be more organized, efficient, professional, and profitable. Easily manage all your contacts, jobs, tasks, documents, and more.