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Yes! Communities Upgrades Reporting To Win Investor Trust
Technology Category
- Analytics & Modeling - Predictive Analytics
- Functional Applications - Enterprise Resource Planning Systems (ERP)
- Functional Applications - Remote Monitoring & Control Systems
Services
- System Integration
- Training
The Challenge
One person managed 200+ Excel templates to store data and manually generate financial statements and reports. When outside investors had questions about company operations, manual reporting meant it often took days to answer. Reporting times concerned stakeholders and investors enough that future investments risked being delayed or even cancelled.
About The Customer
Yes! Communities, Inc. is an operator of innovative, customer-driven manufactured home communities. With revenues of $300 million, the company is based in Denver, CO, and operates in the real estate and property management industry. Yes! Communities manages over 213 communities, providing affordable housing solutions and focusing on customer satisfaction. The company uses existing software such as MRI (ERP) and Manage America (Property Management Software) to handle various processes including budgeting, financial reporting, operational reporting, and expense variance analysis.
The Solution
The solution involved creating a central location to house all financial data, eliminating the need to manually aggregate numbers to produce reports. By connecting directly to the company’s property management software, the risk of errors from manual data entry was significantly reduced. Vena’s familiar Excel interface made it easy to train staff, leading to rapid adoption across more than 213 communities. This integration allowed for real-time data access and streamlined reporting processes, ensuring that financial statements and reports could be generated quickly and accurately.
Operational Impact
Quantitative Benefit