Finding Prime Real Estate in Better Budgeting
Company Size
1,000+
Region
- America
Country
- United States
Product
- Vena
- Lone Wolf DPN
- FAST
Tech Stack
- Excel
- Automated Data Collection
- Drill-down Analysis
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Customer Satisfaction
- Productivity Improvements
Technology Category
- Analytics & Modeling - Predictive Analytics
- Application Infrastructure & Middleware - Data Exchange & Integration
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Functions
- Business Operation
Services
- System Integration
- Training
About The Customer
Berkshire Hathaway HomeServices is a real estate brokerage franchisee network with revenues of $65 million. The company operates in the real estate industry and has a significant presence with multiple regional offices. The existing software used by the company includes Lone Wolf DPN and FAST, which are utilized for various processes such as forecasting, budgeting, and reporting. With a user base of 50, the company needed a more integrated and efficient solution to manage its financial operations effectively.
The Challenge
The company faced significant challenges due to the lack of integration between multiple, disparate financial systems across different lines of business. This fragmentation made it difficult to create effective and detailed budgets for the main corporation and its seven regional offices. The heavy reliance on spreadsheets led to tedious manual efforts, resulting in data accuracy and integrity issues. The need for a more streamlined and efficient budgeting process was evident, as the existing methods were not sustainable for the growing demands of the business.
The Solution
The Vena solution was implemented to address the challenges faced by the company. Vena provided automated, real-time data collection from disparate systems, which significantly reduced the manual effort involved in data gathering. The solution also offered drill-down and variance analyses, providing detailed insights down to the real estate agent level. The use of familiar Excel templates ensured reliable contributions and intuitive, self-serve reports, making it easier for stakeholders to adopt the new system. This comprehensive approach not only streamlined the budgeting process but also enhanced the accuracy and reliability of the financial data.
Operational Impact
Quantitative Benefit
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