“From up in the air costs to real time costs”
Commercial property management company, over 10 employees, revenue generated over 1 million.
- Challenges with completing accurate reconciliations related to common area of the commercial properties
- Challenges with determining common area costs for each tenant
- Poor cashflow projections
- Re-designed common area reconciliations for over 150 tenants.
- Designed a process that reflected their integrated data, that easily identified the monthly cost per tenant.
- Removed any uncertainty regarding their costs
- New system gave them a reliable method to calculate monthly cost per tenant
- Ability to produce reliable reconciliation reports and compliance with their monthly financial reporting
- Better cashflow projections and financial management.