In real estate, accurately monitoring the health of your portfolio and making informed financial decisions is paramount. Whether you use Yardi’s Advanced Budgeting & Forecasting (ABF) or Forecast Manager, you’ll enjoy a comprehensive suite of tools designed to streamline the process and enhance accuracy. Drawing data directly from Yardi Voyager, the modules deliver flexible budgeting and forecasting, advanced reporting, and robust modeling capabilities for improved decision-making. Among the key features are Function Groups that offer game-changing functionality in terms of customization and simplification. At 33Floors, our Yardi consultants specialize in helping clients unlock the full potential of ABF and Forecast Manager. Whether developing customized Function Groups or ensuring seamless integration with your unique business processes, our expert guidance guarantees that your financial management becomes more efficient and effective.
What are Function Groups?
Function Groups are tools that allow Yardi users to customize, automate and simplify their budgeting and forecasting processes. Each function group bundles together a series of steps that the system will execute at the touch of a button, saving users the time and effort of performing each task individually. Function Groups allow for a high level of customization. They also guarantee consistency and accuracy in the budgeting and forecasting process by ensuring steps are followed in the same order using the same data every time. Across a large portfolio, the time savings and risk reduction are substantial.
Key Benefits of Function Groups
- Streamlined Budget and Forecast Creation: Instead of dealing with an overwhelming or haphazard process, users can automate budgeting and forecasting by running the same set of predetermined and customized tasks with just a few clicks.
- Ensure Accuracy: Reduce human error and maximize consistency with Function Groups that categorize revenues and expenses systematically and control which users have access to which process.
- Customization: Make the Forecast Manager or Advanced Budgeting & Forecasting module work for your unique organizational needs with tailored Function Groups.
- Real-Time Adjustments: Make changes nimbly with Function Groups that accurately recalculate budgets and forecasts whenever necessary.
How 33Floors Enhances Function Groups
33Floors’ Yardi experts provide a bespoke approach to ABF and Forecast Manager consultations, meaning every client enjoys a module refined for their exact needs, workflows and processes. We work hard to understand your objectives and create customized Function Groups that make budgeting and forecasting seamless and consistent across even the largest organizations. Our time-tested approach typically begins with a set of five Function Groups that will maximize your experience:
- Create budget
- Create forecast
- Update actuals
- Calculate revenue for your budget
- Calculate revenue for your forecast
Once each of these Function Groups is developed, additional Function Groups can be created to augment your overall ABF or Forecast Manager experience.
Ready to enhance your financial management with streamlined budgeting and forecasting? Let 33Floors Yardi consultants customize your Yardi Advance Budgeting and Forecasting or Forecast Manager experience today. Contact us to learn how we can transform your financial processes and drive better business outcomes.
