Case Study: DB Real Estate
Budgeting can be a painful annual process involving many linked spreadsheets that stagger through multiple iterations before a final budget is approved. However, it doesn't have to be that way. By automating your budgeting and planning solution, you can efficiently meet business needs while saving time.

Savings from better budgeting show up in three primary areas: labor, communications, and decision-making:

• Labor savings. The largest benefit usually comes from reduced labor in time spent managing and participating in the budget process, as well as providing IT support for the process. DB Real Estate, for instance, moved from hundreds of spreadsheets (one for each property owned) to the Enterprise Budget system and its automated budget process and saved five to six weeks in labor costs per year - the equivalent of about $15,000 (US) - per each major budget review – per property owned.



• Communications. An area of cost typically not considered in the budgeting process is communication. This takes the form of printouts, copies, long-distance phone calls, and in some cases, travel. DB Real Estate who used to prepare 40-50 -page budget reports for each property, has virtually eliminated paper reports with Enterprise Budgeting 5.0.  This saves them thousands of dollars per year.

Decision-making. Improved decisions are achieved through better access to relevant and current information. Enterprise Budgeting 5.0 workflow automation helps you get a handle during the decision making process and allows granular or overall approval workflow to be dynamically defined. This delivers major time savings.