Budgeting Season Just Got a Lot Shorter.
It’s about time—saving you more of it. RealPage® Budgeting can take you through budgeting season with ease, so you can scrap the spreadsheets once and for all. Skip the tedious manual data entry. Improve accuracy, streamline budgeting, and take control of reforecasting, consolidation and reporting. No more spreadsheets, hours of redundant data input, and wondering whether formulas have carried over. RealPage Budgeting integrates with property management and accounting software for precision accuracy and reduced risk. It’s customizable and configurable for the way you do business. And it’s quick and easy to implement so you can get to work right away. Save time, big time with RealPage.
Calculate the Benefits
Time-saving, simplified features and functionalities means quick, easy data imports—no more tedious, time-consuming template setup or collecting data from multiple sources. Intuitive, responsive design makes it easy to use, helping you get more done in less time.
Avoid formula or link errors that can occur with spreadsheets. Changes made to your budgeting model are automatically updated throughout the system, reducing risk of human error. And it intuitively prompts you along the way, performing complex calculations for you.
RealPage Budgeting offers real-time visibility and collaborative capabilities so everyone can be on the same page. Our customizable platform keeps budgets secure, easily accessible and visible to key stakeholders 24/7 in one, central location.
The fact that RealPage Budgeting is quick to implement and easy to use translates to a lower total cost of ownership. Save valuable time preparing budgets and reforecasts, and get access to clear, comprehensive and accurate views of KPIs that impact your bottom line.
FORECAST IN MINUTES
Robust functionalities enable setting up a reforecasting model in just 5 minutes. The reforecasting tool automatically allows actual performance to be loaded into your template complete with helpful options using the original budget, prior-period actuals or reforecast numbers.
Flexible reporting allows you to see real-time detailed or summary-level performance. View 12 period or long-term rolling forecasts within minutes, with viewing options such as variance to budget and actual data allowing you to easily analyze trends and spot opportunities.
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4 Areas to Focus on to Better Understand Financial Budget Variances
Being able to manage the leasing, residents and staff are critical functions of a good property manager, but often I hear from regional managers and other leaders in the multifamily housing industry that managers are good at running properties, but don’t fully understand how to read a financial statement.
Usually, the reason is that no one has invested the time to teach them to read the numbers and to better understand how their impact on the bottom line. Have you ever heard a manager say, “the property is sitting at 97 percent occupancy, but I don’t understand why we are not making our budget?”
Three Keys to a Successful Property Budget Review
A budget is your vision of an asset and a forecast of potential earnings. While creating a portfolio or property budget, our deniable need to put everything under the microscope to review and analyze blurs the view. As we try to ensure that values tick and tie, we can miss the big picture.
So where do we go wrong in the process? The answer can often be found in the budget review process. A successful budget is more than just plugging in numbers that look right. READ MORE