Customer: NMHC Top 50 Management Company
Challenge: National accounts set up with suppliers, but no controls in place to restrict rogue spending to unapproved suppliers or increase budget compliance.
Discovery: eSupply Systems worked with the customer to establish a purchasing program, including working on their existing national contracts with their approved suppliers. The customer chose to roll out the eSupply Systems platform to 12 properties with customized product catalogs, supplier restrictions, and budget controls by GL Code.
Solution: Over a 12-month period, EVERY property that utilized the eSupply Systems platform improved budget compliance. The customer saw improvement in annual budget variance from 15.4% over budget to 5.1% under budget. The delta was more than $124,000, which created an additional $2,480,000 in asset value (5% cap rate) for their clients.