Industry
Faith Based
Challenge
Apartment Life faced significant inefficiencies and challenges in their budgeting and forecasting processes. The reliance on spreadsheets led to time-consuming, error-prone workflows that involved manually compiling data from various leaders, leaving room for substantial inaccuracies and delayed decision-making.
Results
After implementing a streamlined budgeting platform, Apartment Life saw impressive improvements. Decision-making time was cut in half, while annual cost savings reached $25,000. The organization now saves approximately 80 hours per budgeting cycle, and the shift to a new system has also delivered notable operational efficiencies, enabling leaders to access real-time financial data and make faster, more informed choices.
We have been using Martus for budgeting and forecasting for about 3 years now. It has made our process so much easier and our divisional leaders love the easy navigation and user friendly features.
About Apartment Life
Apartment Life is a faith-based organization that helps apartment owners care for residents by connecting them in relationships. This, in turn, helps improve the community's financial performance through online reputation, resident satisfaction, and resident retention.The Solution
Previously reliant on spreadsheets, Diana Lovett, the Controller at Apartment Life, recalls how time-consuming and error-prone their old system was. The manual process of compiling budgets from each leader was daunting and allowed for substantial margins of error. Since switching to Martus Solutions, Diana estimates saving at least 80 hours during the budgeting cycle—a monumental improvement.
Martus was almost a no-brainer for Apartment Life as it seamlessly addressed all their needs—unlike other solutions that lacked essential features or were financially prohibitive. The platform's reasonable cost made it an even smarter choice.
Results
Diana has witnessed a significant transformation in their financial management processes since implementing Martus Solutions. She has noted one standout benefit has been the seamless integration of users onto Martus. She notes they were able to move their users out of their old accounting system onto Martus, which has realized a savings of approximately $100 per user.
Diana also praises Martus's real-time analytics capabilities, pointing out that users can easily access actuals versus budget data without needing assistance. This feature enables quick analysis and informed decision-making with just one click—making the whole process faster and more transparent.
The most beneficial features according to Diana include the automatic roll-ups for budgeting and custom reporting capabilities. These aspects have streamlined financial reporting significantly by consolidating required data all in one accessible spot for users.
Adopting Martus Solutions at Apartment Life has revolutionized their approach to budgeting and forecasting by delivering intuitive tools that save time, minimize errors, promote real-time data access, streamline processes through automatic integrations, reduce costs per user drastically—all while offering robust customization options catered to their specific needs.
