Case Studies > Yes! Communities Upgrades Reporting To Win Investor Trust

Yes! Communities Upgrades Reporting To Win Investor Trust

Company Size
1,000+
Region
  • America
Country
  • United States
Product
  • Vena
  • MRI
  • Manage America
Tech Stack
  • Excel
  • Property Management Software
  • ERP
Implementation Scale
  • Enterprise-wide Deployment
Impact Metrics
  • Customer Satisfaction
  • Digital Expertise
  • Productivity Improvements
Technology Category
  • Analytics & Modeling - Predictive Analytics
  • Functional Applications - Enterprise Resource Planning Systems (ERP)
  • Functional Applications - Remote Monitoring & Control Systems
Services
  • System Integration
  • Training
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 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.
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
  • A massive reduction in manual effort allowed Yes! Communities to produce reports in minutes, instead of days.
  • Management reports now present both actual and budget data, providing full visibility into the company’s performance – past, present, and future.
  • Improved investors’ trust by addressing questions and concerns with speed, accuracy, and confidence.
  • Increased ability to produce reports on demand.
  • Elimination of bottlenecks with manual reporting and decreased resistance to adopting a new system.
Quantitative Benefit
  • 82% fewer reports now produce more insights than before, providing a drastic improvement in visibility into Yes! Communities’ financial performance.

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