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Vena Case Study: AvalonBay

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@venasolutions 1 855 207 1770 info@venasolutions.com venasolutions.com SUCCESS STORY AvalonBay Builds More Aordable Housing With Better Planning " SARAH SPICER PRODUCT MANAGER Senior executives are looking to make decisions faster, based on quantitative data. With Vena, we get the information that we need faster. " The Problem • AvalonBay assesses investment opportunities in the field, but didn't have a central tool to capture the high level of detail involved in each assessment • Development decisions were based on memory, incomplete information and gut-feel, leading to lost opportunities and risky investments • Risky decisions could put the company's share price at risk, along with affordable housing plans for those in need The Solution • A centralized database created a single source of up-to-date information, accessible from headquarters and in the field • An Excel user interface made it easy to enter 500+ line item details, everything from land leases to appliance costs • Vena's scalability and ease-of-use meant 650 employees could start using the software immediately Results & Next Steps • AvalonBay now has total visibility into their investments, significantly reducing risks in each development decision • Financials are always up to date, giving AvalonBay the ability to perform ongoing pro forma analysis • Investment decisions based on timely, accurate data mean AvalonBay can focus on its mission to "create a better way to live" ↑ ↑ ↑ ↓ ↓ ↓ Improved access to planning data in the field Hitting company and market targets Increased confidence in the success of the communities involved Manual errors Cycle times Offline, independent template files Results at a Glance "We don't have to worry about the order of operations or how the data flows. Confusion and potential errors have been eliminated." AvalonBay Communities, Inc. Equity REIT (NYSE: AVB) in the business of developing, redeveloping, acquiring and managing multifamily communities. Revenues: $2 billion Location: Arlington, VA Industry: Real Estate, Property Management Existing Software: PeopleSoft - ERP Processes: Budgeting, Planning, Forecasting Vena turns Microsoft Excel into an enterprise-class business solution with a centralized database, workfl ow and more. With Vena, you get trusted numbers and insights - fast - while still using Excel. Discover why Vena is trusted by finance and loved by business at companies like yours. Explore more of Vena's Customer Success Stories.

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