Leaders of a real estate investment firm services firm asked Elliott Davis: “Can you help us align our processes and technology with best practices in order to support our immense growth?”
Context
- Leading real estate investment firm headquartered in New York with offices across US, Brazil and Europe, experiencing significant growth across all markets
- Processes and technology were found inefficient, challenging growth objectives and unable to meet the demands of business users
- Needed an assessment of current technology ecosystem and identification of recommended systems and integration to meet business needs
Our Approach
- Assessed current and desired processes and technology
- Provided visual representation of current vs desired processes, outlining deficiencies where identified
- Outlined functional needs and identified technology options for:
- Project planning to accurately estimate, monitor and manage project budgets
- Accounts payable processing and recording
- Month end reporting, reconciliation of accounts and reporting
- Integration of information tracked in MS Excel or other mediums
- Provided support during project management application selection, including interviews, demonstrations, and analysis of vendor offerings
Client Impact
- Achieved future state goals, obtained processes and tools for team to function efficiently, and streamlined daily tasks
- Team and system positioned to support ongoing growth
- Improved internal control structure through outline of tasks and responsibilities
- Leveraged best practices in workflows, daily tasks, and project tracking
- Identified and implemented technology ecosystem to support business needs
We Can Help
For more information on how Elliott Davis can assist you and your business, contact a member of our team below.
The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.
“Elliott Davis" is the brand name under which Elliott Davis, LLC (doing business in North Carolina and D.C. as Elliott Davis, PLLC) and Elliott Davis Advisory, LLC and its subsidiary entities provide professional services. Elliott Davis, LLC and Elliott Davis Advisory, LLC and its subsidiary entities practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. Elliott Davis, LLC is a licensed independent CPA firm that provides attest services to its customers. Elliott Davis Advisory, LLC and its subsidiary entities provide tax and business consulting services to their customers. Elliott Davis Advisory, LLC and its subsidiary entities are not licensed CPA firms. The entities falling under the Elliott Davis brand are each individual firms that are separate legal and independently owned entities and are not responsible or liable for the services and/or products provided by any other entity providing services and/or products under the Elliott Davis brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by Elliott Davis, LLC and Elliott Davis Advisory, LLC.
