rCash Wins Digie Award at Realcomm 2008

rCash Chosen as an Innovative Technology Solution Provider by
Realcomm
DALLAS--(Business Wire)--
rCash, the real estate industry's leading provider of automated
business process solutions, announced today that it received
Realcomm's prestigious "Digie" (Digital Innovation) Award, presented
annually to the most ground-breaking real estate companies,
individuals and solution providers.

rCash and partners Yardi Systems, SiteStuff, Inc., Cambridge
Solutions Ltd., and Bank of America successfully integrated
procurement and invoice processing systems to help their joint client
CB Richard Ellis develop an interconnected, paperless processing flow.
The project is part of CBRE's "Planet Building" initiative that aims
to improve operational sustainability and efficiency and make the
nearly 2 billion square feet of commercial real estate under CBRE
management carbon-neutral by 2010.

"The automated processing system lets CBRE redirect resources used
for back-office processes toward growth and revenue-oriented
activities," said Chris Russo, Yardi's National Sales Executive for
rCash.

"The Digie Award was designed to recognize the most
forward-thinking companies and leaders in commercial real estate who
are making the greatest impact through the use of technology and
automation," said Jim Young, co-founder and CEO of Realcomm. "As our
industry evolves into a deeper convergence with technology, rCash's
automated business process is an excellent example of a pioneering
solution that sets them apart from everyone else. We are delighted to
present to rCash this year's Digie Award for Best Use of Technology in
a Real Estate Transaction category."

The award was presented at Realcomm 2008, an annual conference of
real estate industry leaders who discuss, analyze and debate the
latest technologies and innovations that are impacting the commercial
and corporate real estate industries.

About rCash

Headquartered in Dallas, rCash, Inc., a wholly owned subsidiary of
Yardi Systems, Inc., is the leading provider of automated business
process solutions designed specifically for global real estate
enterprises. rCash products combine web-based, intelligent workflow
applications with state-of-the-art business processing services to
automate paperless rent collection and receivables, invoice management
and payables processing and electronic funds transfers. The company's
flagship processing center - located in Long Island, New York -
provides fast, accurate conversion of paper invoices and rent payments
into more cost-effective electronic transactions.

For the past seven years, rCash solutions, PAY(TM) and
COLLECT(TM), have integrated with industry-leading property management
and accounting systems such as Yardi, CTI, JD Edwards, and Intuit Real
Estate Solutions, and processed over $6 billion in transactions for
the world's leading real estate organizations such as CB Richard
Ellis, AMB, Jones Lang LaSalle, UBS Warburg, Principal Financial Group
and RREEF. www.rCash.com

About Realcomm

Realcomm Conference Group, LLC is the world's leading research and
educational institution that produces an annual conference and
exposition on technology, automated business solutions and intelligent
buildings for executives in commercial and corporate real estate.

About the Realcomm Digie Awards

The Digie Awards are broken into four main categories: Best Use Of
Automation, Most Extreme Real Estate, Best Technology and the Digital
Impact Award.

rCash
Michele Francisco, 805.699.2040, x1200
michele.francisco@yardi.com

Copyright Business Wire 2008