Kairoi Residential’s 75% Faster Draw Process with Rabbet
Challenges
Prior to Rabbet, Kairoi’s accounting team managed project finances via manual spreadsheets and paper processes. Jennifer Davila, Kairoi’s Senior Director of Development and Investment Accounting, wanted to automate the draw process. Documentation was getting lost or forgotten about, and she needed to reduce the time the accounting team spent tracking down information.
Goals
- Centralize project finances for easier tracking across projects
- Digitize information and automate paper processes to improve accuracy
- Reduce the time spent managing project finances and draws
Results
With Rabbet, Kairoi’s team tracks approvals, budget adjustments, and contingency funds directly in the platform. When development managers upload their financial documents to Rabbet, the data is digitized and automatically connected to each project’s budget. The development and accounting teams are instantly alerted to issues, discrepancies, or missing documents.
Jennifer reported that her team spends 50% less time on manual data entry since implementing a new digital workflow. Packaging a draw in Rabbet only takes 25% of the time that it previously took manually. With improved tracking and an automated draw process, the Kairoi team regained control of their time and improved efficiency throughout the organization.
