AEW Capital Management, L.P. is a company that provides real estate investment management services to investors worldwide. They have over 400 clients with $78 billion in assets under management across all property types in North America, Europe, and Asia Pacific.
Business Challenges
- Manually Intensive Process – Previous on-premise platform lacked the reporting and analysis required to proactively manage their ever-changing business needs
- Risk of Data Inaccuracy – Lack of consistency causing error-prone reporting and forecasting processes
- Single Source of Truth – Lacked automated and streamlined processes
Solution
- Financial & Workforce Planning – Established a central repository for plan, forecast, and actuals data to enhance planning and reporting
- Account Reconciliation – Leverage Auto-Reconciliation and pre-built reporting capabilities to minimize manual intervention
- System Integration – Build integration with Microsoft and ADP systems to support accurate and repeatable financial processes
Impact
- Improved Efficiency – System calculated REIT asset fees revenue modeling
- Increased Transparency – Centralized repository of budget, forecast, and actuals data
- Automated Data Integration – Fully automated reporting and robust ad hoc capabilities
