Key Takeaways
- Keeping project information in one organized place helped Stream scale more quickly
- Standardizing processes across the organization increased transparency
- Spending less time on administrative tasks created more time for deal-sourcing
Challenges
Goals
- Centralize project finances for better visibility within offices and across the Investment Management Platform
- Reduce time spent preparing draws and reports for capital partners and clients
- Standardize processes throughout all 15 offices
~ Jessica Stroud, Vice President, Development Services
Results
Since getting started with Rabbet, the Stream Realty team has standardized their processes across offices. Now, there’s a clear process for team members that’s organized and easy to understand. Rather than sorting out what invoices are approved or figuring out who issued the approvals, everyone is clear on next steps in each project.
These streamlined processes have saved time for developers and accountants alike. Tyler Wellborn, the Senior Director of Industrial Services, said: “With Rabbet, I spend less time on administrative tasks allowing me to focus on sourcing deals.” Similarly, the accounting team moves through the draw review and budget review process more quickly with standardized workflows. By utilizing the Rabbet platform, Stream Realty has achieved standardization, efficiency, and growth.
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