At a Glance
This client brought us on to relieve the frustration of spending too much time creating financial reports and not having proper controls and communication from their in-house Accounting team. The CEO and investors needed comprehensive reporting and quick access to KPIs.Challenges
Before coming onboard, our client was using AppFolio, QuickBooks, and Excel to keep track of their real estate holdings. However, these different softwares were not communicating with each other which lead to inaccurate reporting. This software conflict also lead to more manual work for employees to take on which cost the company more time and money. The client’s Accounting team also struggled with controls and communication.
The Solution
Our solution was to create automated processes that enabled AppFolio and QuickBooks to become integrated. This solution allowed the client to have more time and easier access to comprehensive reports. We also created financial controls, processes, and set up weekly meetings to improve the Accounting team’s communication and performance.
The Results
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Increased Accounting Team Performance
After discussing and creating better accounting controls, the company's financial outlook improved significantly and the Accounting team saved hours of unnecessary work each week.
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Easy to Use Custom Financial Models
Access to highly detailed and up-tp-date reports.
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Increased Communication and Confidence
The weekly meetings, implemented controls, and comprehensive reports improved internal and external communication and confidence.
Key Metrics
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$60K
Annual cost savings.
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500
Hours saved per year.
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12
Property reports created.