{"id":357946,"date":"2024-11-27T08:59:39","date_gmt":"2024-11-27T15:59:39","guid":{"rendered":"https:\/\/www.yardi.com\/?post_type=yardi-testimonials&#038;p=357946"},"modified":"2024-11-27T09:12:34","modified_gmt":"2024-11-27T16:12:34","slug":"eastgroup-on-forecast-manager","status":"publish","type":"yardi-testimonials","link":"https:\/\/www.yardi.com\/en-gb\/about-us\/success-stories\/eastgroup-on-forecast-manager\/","title":{"rendered":"EastGroup on Forecast Manager"},"content":{"rendered":"<div class=\"uk-container-expand uk-cover-container uk-height-medium uk-background-secondary uk-light uk-margin uk-flex uk-flex-center uk-flex-middle\">\n    <div class=\"uk-position-cover uk-background-image uk-background-cover uk-flex uk-flex-center uk-flex-middle\" style=\"background-image:url(https:\/\/www.yardi.com\/wp-content\/plugins\/cmw-client-success\/images\/story_header_web.jpg);\">\n    <div class=\"uk-width-4-5 uk-margin-auto uk-grid\">\n        <div class=\"uk-width-1-1 uk-width-auto@m uk-text-center uk-text-middle uk-overlay uk-overlay-primary uk-light uk-padding-small\" style=\"border:4px solid #fff;\">\n            <p class=\"uk-h2 uk-text-bold\">Client Success<\/p>\n        <\/div>\n        <div class=\"uk-width-expand uk-text-left uk-text-middle uk-overlay uk-overlay-primary uk-light uk-padding-small uk-visible@m\" style=\"border:4px solid #fff; border-left:0px; min-width: 200px;\">\n            <p class=\"uk-h2 uk-text-bold\">EastGroup Properties<\/p>\n        <\/div>\n        <div class=\"uk-width-expand uk-text-left uk-text-middle uk-overlay uk-overlay-primary uk-light uk-padding-small uk-hidden@m\" style=\"border:4px solid #fff; border-top:0px; min-width: 200px;\">\n            <p class=\"uk-h3 uk-text-bold\">EastGroup Properties<\/p>\n        <\/div>\n    <\/div>\n    <\/div>\n<\/div>\n<div class=\"uk-container-large uk-margin-auto uk-padding-small uk-padding-remove@m\">\n<!-- breadcrumbs & download link -->\n        <div class=\"uk-align-left\">\n        <p class=\"uk-text-small\" id=\"breadcrumbs\"><span><a href=\"https:\/\/www.yardi.com\/\">Home<\/a> \u00bb <span>\n            <a href=\"https:\/\/www.yardi.com\/about-us\/success-stories\/\">Success Stories<\/a> \u00bb \n            <span class=\"breadcrumb_last\" aria-current=\"page\">EastGroup on Forecast Manager<\/span><\/span><\/span><\/p>\n        <\/div>\n        <div class=\"uk-text-right\">\n            <p class=\"uk-text-small\" ><a href=\"https:\/\/www.yardi.com\/en-gb\/about-us\/success-stories\/eastgroup-on-forecast-manager\/?format=pdf\" target=\"_blank\" class=\"uk-link-text\">view\/download the pdf<\/a><\/p>\n        <\/div>\n<\/div>\n<div class=\"uk-clearfix\"> <\/div>\n\n<div class=\"uk-container-expand\">\n    <div class=\"uk-grid uk-grid-collapse uk-overflow-hidden\" uk-grid uk-height-match>\n        <div class=\"cmw-hm uk-width-2-3@m\">\n            <div class=\"uk-padding-large uk-padding-remove-vertical\">\n                <div uk-slider=\"center: true\">\n                    <div class=\"uk-position-relative uk-visible-toggle\" tabindex=\"-1\">\n                        <ul class=\"uk-slider-items uk-padding-horizontal uk-child-width-2-3@s uk-grid\">\n                                                                                    <li>\n                                <div class=\"\">\n                                    <blockquote>\n                                        <p class=\"uk-margin-small-bottom\">Forecast Manager has fundamentally shifted our entire budgeting process. We have spread the load of creating budgets across multiple departments, providing a scalable and streamlined approach to this important area of our business. <\/p>\n                                        <footer class=\"uk-text-right\">Brian Laird, Chief Information Officer<\/footer>\n                                    <\/blockquote>\n                                <\/div>\n                            <\/li>\n                                                                                <\/ul>\n                        <a class=\"uk-position-center-left uk-position-small uk-hidden-hover\" href=\"#\" uk-slidenav-previous uk-slider-item=\"previous\"><\/a>\n                        <a class=\"uk-position-center-right uk-position-small uk-hidden-hover\" href=\"#\" uk-slidenav-next uk-slider-item=\"next\"><\/a>\n                    <\/div>\n                    <ul class=\"uk-slider-nav uk-dotnav uk-flex-center uk-margin\"><\/ul>\n                <\/div>\n            <\/div>\n            <div class=\"uk-padding-large uk-padding-remove-vertical\">\n                <div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Company<\/h3>\n<p class=\"uk-margin-remove\">EastGroup Properties, Inc. (NYSE: EGP), a member of the S&amp;P Mid-Cap 400 and Russell 2000 Indexes, is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona, California and North Carolina. The company\u2019s goal is to maximize shareholder value by being a leading provider in its markets of functional, flexible and quality business distribution space for location-sensitive customers (primarily in the 20,000 to 100,000 square foot range). <br><br><\/p>\n<\/div>\n\n<div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Challenge<\/h3>\n<p class=\"uk-text-bold uk-margin-remove\">Manual budgeting processes<\/p>\n<p class=\"uk-margin-remove\">Before Forecast Manager, EastGroup\u2019s budgeting process was a 100% accounting function. Asset managers would print rent rolls, mark them up and scan them to accounting for entry into the system. This process was very tedious, manual and time-consuming for both asset and accounting teams.<br><br><\/p>\n<\/div>\n\n<div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Solution<\/h3>\n<p class=\"uk-text-bold uk-margin-remove\">Yardi Forecast Manager<\/p>\n<p class=\"uk-margin-remove\">Forecast Manager optimizes budgeting and forecasting for EastGroup by connecting asset management, finance and leasing teams on a single platform with centralized data and automated workflows. The solution eliminates manual processes and redundancy, improves accuracy with real-time leasing and expense information and increases visibility for impactful insights on portfolio health.<br><br><\/p>\n<\/div>\n\n<div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\">The Story<\/h3>\n<p class=\"uk-text-bold uk-margin-remove\">Spreading the budget process across multiple departments<\/p>\n<p class=\"uk-margin-remove\">Without software that provided centralized access to financial information and budgeting tools, EastGroup\u2019s accounting team completely owned the budgeting process. As a result, the company experienced numerous challenges and inefficiencies across teams, such as manually submitting budget information to accounting. With Forecast Manager, EastGroup has expanded the budget process to include not only asset management entering leasing assumptions, but also property management teams entering expense items. Accounting then consolidates this information and reviews the individual budgets for accuracy and soundness. According to EastGroup\u2019s CIO, Brian Laird, &#8220;The Forecast Manager implementation was a tremendous win for us by eliminating mundane processes previously undertaken for timely budget completion.&#8221; Forecast Manager ensures that only accurate current data is used for budgeting and forecasting and provides a single source of truth for the entire company.<br><\/p>\n<\/div>\n\n<div class=\"uk-margin\">\n<h3 class=\"uk-margin-small\"> <\/h3>\n<p class=\"uk-text-bold uk-margin-remove\">Enjoying an easy-to-use system from a trusted partner<\/p>\n<p class=\"uk-margin-remove\">Forecast Manager is easy to use for EastGroup staff. Laird commented that the change management and the adoption aspect of implementing Forecast Manager couldn\u2019t have been better. While he anticipated potential push back on adopting a new solution, staff readily accepted the change and were eager to start using the platform. EastGroup\u2019s experience collaborating with Yardi has been excellent and has enabled the company to increase efficiencies and grow without adding staff. \u201cWith Yardi solutions, we have been able to automate, streamline and improve processes across our business verticals,\u201d said Laird.<br><br><\/p>\n<\/div>            <\/div>\n            <div><\/div>\n\n\n        <\/div>\n        <div class=\"cmw-hm-target uk-width-1-3@m uk-flex-first@m\" >\n\n                        <div class=\"uk-display-block uk-width-1-1 uk-padding-small uk-margin-remove\">\n                <div class=\"uk-width-2-3@l uk-align-right\">\n                    <img loading=\"lazy\" decoding=\"async\" class=\"\" width=\"266\" height=\"151\" src=\"https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg\" alt=\"EastGroup Properties logo\" data-src=\"https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg\" srcset=\"https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg 2700w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?resize=300,77 300w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?resize=768,197 768w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?resize=1024,263 1024w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?resize=1536,394 1536w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?resize=2048,526 2048w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=400 400w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=500 500w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=600 600w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=720 720w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=800 800w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=1000 1000w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=1200 1200w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=1440 1440w\" data-srcset=\"https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg 2700w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?resize=300,77 300w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?resize=768,197 768w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?resize=1024,263 1024w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?resize=1536,394 1536w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?resize=2048,526 2048w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=400 400w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=500 500w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=600 600w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=720 720w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=800 800w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=1000 1000w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=1200 1200w, https:\/\/www.yardi.com\/wp-content\/uploads\/sites\/93\/2024\/11\/EastGroup-logo.jpg?w=1440 1440w\">\n                <\/div>\n                <div class=\"uk-clearfix\"> <\/div>\n\n            <\/div>\n            <div class=\"uk-clearfix\"> <\/div>\n            \n            <div class=\"uk-display-block uk-width-1-1 uk-padding-remove uk-height-1-1 uk-margin-remove uk-cover-container\">\n                <div class=\"uk-position-cover uk-background-image uk-background-repeat\" style=\"background-image:url(https:\/\/www.yardi.com\/wp-content\/plugins\/cmw-client-success\/public\/images\/plus_dark_tileable.png);\"><\/div>\n                <div class=\"uk-position-relative uk-margin-left\">\n                    <div class=\"sidebar-inner uk-width-2-3@l uk-float-right uk-margin-small-right\">\n                        <p class=\"uk-text-muted uk-margin\">Overview<\/p>\n\n                        <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-small\">Markets<\/p>\n                            <ul class=\"uk-list cmw-list-condensed uk-margin-remove \">\n                                                                                            <\/ul>\n                        <\/div>\n                                                    <div class=\"uk-margin\">\n                                <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">Portfolio<\/p>\n                                <p class=\"uk-margin-remove\">Over 60 million commercial square feet<\/p>\n                            <\/div>\n                                                                            <div class=\"uk-margin\">\n                                <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">Client Since<\/p>\n                                <p class=\"uk-margin-remove\">2009<\/p>\n                            <\/div>\n                                                <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-small\">Product Highlighted<\/p>\n                            <ul class=\"uk-list cmw-list-condensed uk-margin-remove \">\n                                                            <li><a href=\"\/products\/forecast-manager\" target=\"_blank\" >Forecast Manager<\/a><\/li>\n                                                        <\/ul>\n                        <\/div>\n                        <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-small\">Additional Products<\/p>\n                            <ul class=\"uk-list cmw-list-condensed uk-margin-remove \">\n                                                            <li><a href=\"\/products\/construction-manager\/\" target=\"_blank\" >Construction Manager <\/a><\/li>\n                                                            <li><a href=\"\/products\/facility-manager\/\" target=\"_blank\" >Facility Manager<\/a><\/li>\n                                                            <li><a href=\"\/products\/commercialcafe\" target=\"_blank\" >CommercialCafe<\/a><\/li>\n                                                            <li><a href=\"\/products\/tenantshield\/\" target=\"_blank\" >TenantShield<\/a><\/li>\n                                                            <li><a href=\"\/products\/utility-invoice-processing\/\" target=\"_blank\" >Utility Invoice Processing<\/a><\/li>\n                                                            <li><a href=\"\/products\/utility-expense-management\" target=\"_blank\" >Utility Expense Management<\/a><\/li>\n                                                            <li><a href=\"\/products\/yardi-payscan\" target=\"_blank\" >PayScan<\/a><\/li>\n                                                            <li><a href=\"\/products\/yardi-procure-to-pay\" target=\"_blank\" >Procure to Pay Suite<\/a><\/li>\n                                                            <li><a href=\"\/products\/yardi-voyager-commercial\/\" target=\"_blank\" >Voyager Commercial<\/a><\/li>\n                                                            <li><a href=\"\/products\/yardi-payment-processing-commercial\/\" target=\"_blank\" >Payment Processing<\/a><\/li>\n                                                            <li><a href=\"\/products\/document-management\/\" target=\"_blank\" >Document Management for SharePoint<\/a><\/li>\n                                                            <li><a href=\"\/products\/data-connect\/\" target=\"_blank\" >Data Connect<\/a><\/li>\n                                                        <\/ul>\n                        <\/div>\n                                                    <div class=\"uk-margin\">\n                                <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">The Benefits<\/p>\n                                <p class=\"uk-margin-remove\">EastGroup Properties connects asset, leasing and finance teams on a single platform with real-time data and optimizes budgeting with Forecast Manager.<\/p>\n                            <\/div>\n                                                                        <div class=\"uk-margin\">\n                            <p class=\"uk-text-emphasis uk-text-bold uk-margin-remove\">About EastGroup Properties<\/p>\n                            \n                                <p class=\"uk-margin-remove\"><a href=\"http:\/\/www.eastgroup.net\">eastgroup.net<\/a><\/p>\n\n                                                    <\/div>\n                                                <div class=\"uk-margin\">\n                            <a class=\"uk-button uk-button-default\" href=\"\/about-us\/request-information\">Request Info<\/a>\n                        <\/div>\n       \n             \n                    <\/div>\n                <\/div>\n            <\/div>\n        <\/div>\n    \n    <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":631,"template":"","yardi-market":[],"yardi-product":[1467],"class_list":["post-357946","yardi-testimonials","type-yardi-testimonials","status-publish","hentry","yardi-product-forecast-manager"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EastGroup on Forecast Manager - Yardi<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EastGroup on Forecast Manager\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/en-gb\/about-us\/success-stories\/eastgroup-on-forecast-manager\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi\" \/>\n<meta property=\"article:modified_time\" 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