RealPage Spend Management Boosts Bottom Line for Multifamily with Catalogs, PEPP and more
As one of the largest multifamily companies in the US, Cortland Partners relies on operational efficiencies to profitably and consistently achieve resident-centric results across the country. In 2013 their on-site and corporate teams were weighed down by outdated purchasing processes, from placing orders and processing invoices to reporting community data into the Atlanta headquarters. Besides taking more time and effort, the standard industry approach to managing orders and invoices was very costly for such a large company and compromised performance at all levels.
When IT Project Manager Rebekah Kelman helped introduce RealPage Spend Management, Cortland began to maximize their purchasing power and ensure consistent vendor pricing for their communities from Arizona to Georgia. These efficiencies delivered increased value, as well as ease of use with the eCommerce shopping experience of Catalogs in Spend Management – together they resulted in direct bottom-line impact.
As a leader in a highly competitive real estate sector, Cortland also enjoys using the Purchasing Efficiency and Purchasing Power (PEPP) measurement tool to track how it ranks in the industry. The PEPP reports help Cortland identify when communities are using inefficient processes or need guidance and training to better use the tools. With this data, Rebekah can more successfully partner with community teams to acknowledge those that are excelling and connect them with others who need more support or greater benefit from the tool. The most significant benefit of RealPage Spend Management for Cortland is giving time back to Community Managers to spend with their most important customers: the residents.
For more information, visit RealPage® Procurement Suite.