rCash chosen as an innovative technology solution provider by Realcomm

Dallas, TEXAS, July 22, 2008– 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, TX, 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 flagshipprocessing 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™ and COLLECT™, 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.

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