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Best Dashboard for QuickBooks in a Real Estate/Distressed Debt Environment

Todd Rodenberg's Profile

Centage Analytics MaestroI am seeking some advice regarding financial dashboards. I am working with an entrepreneurial company that owns various real estate (primarily purchased single family REO, office buildings and small commercial properties acquired through foreclosure on purchased notes), real estate related (purchased distressed notes secured by real estate, single family Realtor offices under a franchise arrangement) and other assets (such as a plane)​. Each business or franchise location is in a separate entity due to liability issues and differences in ownership. They maintain their accounting records primarily through QuickBooks (although in the case of its real estate it is fed through RealPage's Propertyware and in the case of the Realtor franchises it is manually entered from a proprietary reporting system of the franchiser into QuickBooks). The owner is seeking summary financial information through an application easily accessible (since he travels extensively). The types of information he is seeking is comparative performance to budget and to the past several years, profitability of asset sales and the current levels of certain assets (primarily cash, near cash and properties) on a consolidated basis as well as for each type of business with the ability to drill down into individual entity results and balances. Based upon his mobile status, I believe a cloud solution would be best. I have perused the posting of SMB by Profitsee. Also, I have found QVinci as well. I have also read that Clarify, Bode Tree and webKPI could be candidates. Based upon this information, I am seeking some feedback as to anyone with experience with these and other potential solutions. Specifically, I would appreciate any information as to whether one of these (or another application) would integrate well with QuickBooks, possibly have a customization option to build an interface to the proprietary Realtor franchise system either through the vendor or a value-added partner and provide a flexible user friendly interface with results meeting these information needs. I immensely appreciate any thoughts and suggestions. Thanks, Todd Todd Rodenberg Bene Immobili, LLC

Answers

Topic Expert
Alan Hart
Title: Consultant
Company: Pacific Shine Group
(Consultant, Pacific Shine Group) |

For the challenges you are describing, you might want to investigate Budget Maestro from Centage Corporation (www.centage.com), with its companion product Analytics Maestro. There is a direct and automated interface from QuickBooks, and you will not have to enter a single formula to be able to complete the budget model. Then all actual accounting results and budgeted data can be easily displayed visually (and also through presentation reports) using the Analytics Maestro application. Your entire analysis requirement can be set up in this application and as data is updated periodically, it will be displayed using the already established format. Slicing and dicing this data is accomplished with a click the mouse. All other solutions that I have worked with are either going to be complex and expensive to implement, or will require use of formulas and links which are inherently error prone and cumbersome to maintain. I have looked at several other solutions for small and medium size businesses and they all were a lot more difficult to implement and required considerably more IT resources and consulting services.

Todd Rodenberg
Title: Senior Managing Director
Company: RED CAPITAL GROUP
(Senior Managing Director, RED CAPITAL GROUP) |

Alan:

I immensely appreciate the information and our analysis. I will definitely research the application and compare it to the others I have noted. The client falls into the small to medium size business. Therefore, your thoughts are in the appropriate context.

Thanks,

Todd

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