How One Small Firm Uses Lobby CRE to Scale Their Business and Maintain Lean Operations

Relying on third-party property managers for monthly reports and performing manual benchmarking had become time-consuming. On average, the firm spent more than 5 hours per week running financial comparisons and benchmarking reports. Add in the time spent collecting data and waiting on monthly reports, and it’s clear that the firm’s resources were not always maximized. “Before Lobby CRE, I had to wait for external property managers to send over monthly reports. Now, I can access the information when I need it, quickly, and in real-time.”

Manual tasks, like data entry, were often ignored because of time constraints or simply not knowing where to begin. Doug describes Excel as a “cumbersome tool that is prone to mistakes”, which further complicated the completion of manual tasks. “Your information is only as good as your accounting and property management. I would have to trust that information was being input properly and consistently.”