Dynamic property markets call for sophisticated FP&A systems
Dynamic market conditions and rising global inflation have put pressure on property companies that don’t have agile and nuanced planning systems. It takes a unique technology stack to enable true visibility, adaptability and scenario planning for property management companies who want to stay ahead of the curve.
Cubewise and IBM Planning Analytics / TM1 offer a dedicated property management and planning solution that will do exactly that.
Common challenges
Data integrity and collaboration
Property planning involves different departments with many moving parts. When data isn’t maintained effectively, it stifles collaboration and data integrity.
Poor data quality
Any process that involves multiple different departments and people requires a delicate balance of data integrity and usability. The more complex the workflows, the greater the chance both components will fail. This will ultimately degrade the quality of the information used by decision-makers in your organization.
Wasted resources
When data integrity is lost, team members are forced to spend time and resources on low-value tasks like data reconciliations that don’t move the needle for the business. Not only is this detrimental to growth prospects, it can harm morale and productivity when teams are forced to perform onerous and tedious tasks.
Granular data management
Cubewise and IBM Planning Analytics / TM1 offer a suite of solutions that help organization embrace their complexity and manage data at different levels of granularity. Pulling all data into one dynamic structure reduces the need for reconciliation and improves data integrity which, in turn, improves decision making.
Dynamic market conditions
Long property project cycles call for flexible planning parameters for floor plan and lease management.
Version control challenges
Without a dynamic Financial Planning & Analysis (FP&A) system, simple tasks like changing floor plan and master data such as leasing and cost assumptions can be prone to error. Furthermore, manual version control opens the door to mistakes and limits operational flexibility.
Reliance on spreadsheets
Users typically export data to spreadsheets for modelling, which greatly increases the complexity of the planning model and creates a range of data integrity issues. Spreadsheets are simply not set up to handle the complexity of these models and this constrains the insights and planning capabilities that can be unlocked.
Single source of truth
Cubewise and IBM Planning Analytics / TM1 enable complete version control from master data to planning parameters all in one tool. This creates a single source of truth and gives users full control of the planning process in a way that harnesses organizational complexity to make smarter and more nuanced decisions.
Siloed planning systems
Financial planning in the property industry requires the integration of several different specialized planning systems and methodologies.
System integration challenges
Property management companies must integrate various planning systems, including rental projection, investment property calculations and CAPEX considerations, if they are to make holistic decisions. Without the right technology they remain prone to error and difficult to manage, creating a wide range of operational problems.
Incomplete information
When planning systems aren’t effectively integrated, decision-makers are forced to plan from a place of incomplete information. This creates significant limitations as the reaction to complexity can sometimes overcompensate for integration challenges.
Unified planning
Cubewise and IBM Planning Analytics / TM1 offer a single source of truth for the integration of different planning systems. This enables every function to work at its best and allows decision-makers to make holistic decisions that take into account every factor of the property management lifecycle.
Harness the complexity of your property management planning
Here at Cubewise, we can help you leverage the power of IBM Planning Analytics / TM1 to transform your property management planning and analytics. Our unified planning solution pulls in all your data from different sources and creates a highly flexible and customisable analytics ecosystem that can be tailored to your needs.
Our technology solution can radically transform how you think about your business and give you the data-backed insights you need to stay ahead of the competition.
Talk to us today and let’s overcome the challenge together.
When a system is unable to adapt to changing business circumstances, it can be tremendously frustrating for all who work with it. Things must go on, of course, and so users will resort to building tedious workarounds, simplifications and shortcuts that only serve to kick the can down the road.
Don’t accept that your business processes are incapable of adapting to fast-moving market changes. Contact us to find out how easy it can be to implement efficient and practical planning, reporting and forecasting workflows.
