Little Real Estate shortens planning cycle time
Client:
Little Real EstateChallenge:
- Eliminate manual data reconciliation from multiple sources and minimise data integrity issues
- Improve staff accountability by enabling cost centre owners to view and update data directly in the system without relying on the finance team to provide the information
- Increase finance team productivity and satisfaction by automating the budgeting and planning processes and freeing up time for staff to focus on more strategic projects
Solution:
- Oracle® Planning and Budgeting Cloud Service
- Oracle’s JD Edwards
- Technical support and collaboration
Results:
- Cut planning cycle time by allowing Little Real Estate’s finance staff to view real-time data via Oracle Planning and Budgeting Cloud Service’s SmartView feature
- Enhanced decision making to build multiple revenue and expense models
- Lowered headcount costs by improving the ability to efficiently allocate tasks across team members and complete the same amount of work with one less staff member
Little Real Estate gains real-time, cuts budgeting and planning cycle time and enhances business decisions with Oracle® EPM Cloud.
Little Real Estate is Australia’s largest independently owned real estate agency. With over 21,000 properties under management and 23 offices across Melbourne, Sydney, Brisbane, Gold Coast and Sunshine Coast, Little Real Estate aims to be the best property management business in the world, and deliver genuine and quality services that customers deserve.
Challenge
Lacking integration between the financial system and other applications, Little Real Estate's finance team needed an automated solution to minimise data integrity issues, improve staff accountability and increase productivity.
As part of the Little Group, the company wanted to increase planning efficiency and support growth into more diversified businesses.
Solution
Little Real Estate worked with DXC Red Rock to assist with the simultaneous implementation of Oracle Planning and Budgeting Cloud Service and Oracle’s JD Edwards. The company completed user testing in less than two weeks and went live with the new platform in just 3.5 months.
“We were impressed with Red Rock consultants’ knowledge and professionalism in finance and Oracle Planning and Budgeting Cloud Service,” said Natasha Lauricella, Financial Controller, Little Real Estate.
Results
The new platform cut planning cycle time by allowing Little Real Estate’s finance staff to view real time data via Oracle Planning and Budgeting Cloud Service’s SmartView feature and enhanced decision making to build multiple revenue and expense models.
"By gaining the integration capability with Oracle Planning and Budgeting Cloud Service, we can easily access real-time data across 23 real estate offices without having to wait until month-end reports are finalised,” said Rebecca Kerr, Chief Financial Officer, Little Real Estate.
Red Rock enabled the business to achieve payback period in just 1.5 years by moving to Oracle Cloud with easy access to software upgrades and minimising commitment to capital expenditure and additional resources.
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