Detailed Reporting and Faster, More Streamlined Budgeting Provides Greater Insight Into Performance
Customer Company Size
SME
Region
- America
Country
- United States
Product
- Planning Maestro
- Elite
Tech Stack
- Budgeting Software
- Accounting Software
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Productivity Improvements
- Cost Savings
Technology Category
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries
- Cities & Municipalities
Services
- Software Design & Engineering Services
About The Customer
The Housing Authority of Snohomish County (HASCO) is a nonprofit, government agency that provides housing solutions for the people and communities of Snohomish County in Washington state. HASCO partners with people who need support to achieve housing stability; communities to develop and maintain high quality housing for people at all stages of life keeping families neighbors and neighborhoods intact; as well as social service organizations helping individuals and families make progress in life. HASCO works with federal and local programs that help with rent, provide affordable housing and support tenants with services. HASCO leads within a network of housing services providers, working toward a future where all Snohomish County residents have good quality housing, and places to call home.
The Challenge
The Housing Authority of Snohomish County (HASCO) is a nonprofit, government agency that provides housing solutions for the people and communities of Snohomish County in Washington state. HASCO has two primary sources of revenue – reimbursement they receive from “HUD” – the United States Department of Housing and Urban Development – for the Section Eight housing vouchers they administer and rental income from the properties the organization owns throughout the county. Prior to discovering Centage, Jenny Barker, senior budget manager at HASCO, and her team had been using Excel for their budgeting and planning. However, due to the complex requirements of being a government entity, especially when it came to managing and tracking multiple allocations, Excel was not powerful enough to meet their needs.
The Solution
HASCO adopted Centage's Planning Maestro, a modern FP&A platform that provides a better way to plan, budget, forecast and report financial performance. The platform integrates seamlessly with their accounting software, Elite, and operates as an extension of the GL, pulling in actuals data so the HASCO team could monitor and analyze budget vs. actuals on an ongoing basis. The platform automatically adjusts projected revenues, expenses, and the anticipated bottom line, offering transaction-level detail. Budget vs. actual analysis is simplified with the ability to drill down and understand why variances occurred, providing valuable insight into current and forecasted performance. In addition, HASCO uses Planning Maestro to calculate rental revenue, allowing for instant updates when rent amounts change.
Operational Impact
Quantitative Benefit
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