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Mar. 26, 2008

EverGreen Launches Multifamily Budget Tool That Eliminates Spreadsheets

Washington, D.C.–EverGreen Solutions recently launched AptBudget.com, a Web-based budget tool for the multifamily industry that is designed to reduce errors experienced with spreadsheets by utilizing a streamlined budgeting process.An overwhelming majority of property managers are currently building budgets within spreadsheet workbooks on a property-by-property basis, according to the company. The spreadsheet process is labor-intensive and requires property managers to manually input data. Additionally, the spreadsheet process exposes budgets to errors when complex calculations are deleted.“The industry has a great need for a budgeting tool,” says Georgianna W. Oliver, CEO of EverGreen Solutions. “It’s easy for management to use, and it has the security that corporate executives need to manage the process over multiple properties. It fills a major void in the software market. The software fully integrates with all software applications, including Yardi Systems, RealPage and MRI, and also runs off the web by itself,” says Oliver.AptBudget (pronounced “A.P.T. budget”), utilizes a user-friendly workflow or “wizard” interface to provide a step-by-step process in building a budget. AptBudget automatically uploads actuals from prior years for comparisons and projections for the next year’s budget. In addition, AptBudget utilizes checkpoints and smart functionality throughout the application that flags user errors if they contradict previously known information. This feature helps to help ensure accuracy and provides additional peace of mind to corporate executives as the system automatically posts a notification if there is an error within a budget. AptBudget also tracks each version of the budget as it moves through the approval process. The system can be tailored to a portfolio’s unique needs, including financial categories and user-setup controls to limit access to sensitive information such as payroll.

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