Time-Consuming Spreadsheets
Quattro Capital, like most commercial real estate firms, initially used spreadsheets to track and manage their assets. However, spreadsheets alone led to challenges within the firm’s processes. The firm’s quarterly investor reports and distributions became a 6-week headache, totaling 8 to 12 hours per property to prepare the report and analyze the financials. (As you’ll recall, the firm has about 20 properties – that’s a lot of time spent on reports!)