Case Studies Yes! Communities Upgrades Reporting To Win Investor Trust

Edit This Case Study Record

	Yes! Communities Upgrades Reporting To Win Investor Trust

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
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. Read More
About 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. Read More
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. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Functional Applications - Enterprise Resource Planning Systems (ERP)

Functional Applications - Remote Monitoring & Control Systems

Services

System Integration

Training

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 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.

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.

Impact #1	A massive reduction in manual effort allowed Yes! Communities to produce reports in minutes, instead of days.
Impact #2	Management reports now present both actual and budget data, providing full visibility into the company’s performance – past, present, and future.
Impact #3	Improved investors’ trust by addressing questions and concerns with speed, accuracy, and confidence.

Impact #1

A massive reduction in manual effort allowed Yes! Communities to produce reports in minutes, instead of days.

Impact #2

Management reports now present both actual and budget data, providing full visibility into the company’s performance – past, present, and future.

Impact #3

Improved investors’ trust by addressing questions and concerns with speed, accuracy, and confidence.

Benefit #1	82% fewer reports now produce more insights than before, providing a drastic improvement in visibility into Yes! Communities’ financial performance.

Benefit #1

82% fewer reports now produce more insights than before, providing a drastic improvement in visibility into Yes! Communities’ financial performance.

Download PDF Version

Overview

Yes! Communities Upgrades Reporting To Win Investor Trust

Operational Impact

Quantitative Benefit