Nav Level 1 - Customer Success

Single-Click Reports Put Focus on Data Analysis, Strategic Decision-Making for Property Investment, Management Firm

Automation in Adaptive OfficeConnect Transforms Finance as a Strategic Partner

It's going from reporting what happened, to helping figure out what's going to happen.

Dana Erickson, Senior Financial Analyst, Fairfield Residential

Fairfield Residential manages multifamily properties as thriving communities and profitable investments, but creating reports of its diversified revenue streams was at the expense of data analysis. Adaptive OfficeConnect, part of the Adaptive Suite, bridged the gap. With a single click, the performance management solution seamlessly and quickly produced presentations that were easy-to-understand and visually appealing, allowing for more focus on gleaning actionable insights. Finance at Fairfield Residential went from a back-office function to a strategic partner in effectively navigating the cyclical nature of the real estate industry.

Challenges

  • Desired a way to centralize multiple revenue lines, such as investments and property management
  • Needed a solution that made data accessible throughout the company
  • Inefficient and time-consuming processes delayed monthly reporting

Results

  • More time spent analyzing data instead of producing reports
  • Sped up variance reporting from eight days to one day
  • Improved collaboration between finance teams and other departments
About:
Fairfield Residential Company LLC is among the largest and most successful multifamily real estate operating companies in the U.S. The company is privately held and provides acquisition, entitlement, development, construction, redevelopment, property management, asset management, and disposition services to its clients.
Location:
San Diego, CA
Industry:
Business Services