Case Study: USA Properties achieves 50% more accurate budgets and a 6.7% operating margin increase with Prophix Software

Agile finance under one roof for USA Properties

USA Properties is a privately owned real estate developer (400 employees, $140M revenue) that needed a more agile finance function to answer questions about project cash flows over 12 months to five years. The finance team was bogged down by 90+ Excel budget spreadsheets and manual exports from Yardi and COINS, creating inefficiency, error risk, and limited visibility for CFO Jonny Harmer and the executive team.

They implemented Prophix FP&A as a self-serve, “under one roof” solution with integrations to Yardi and COINS to automate consolidation, budgeting, forecasting, and personnel planning. The result: automated month-end reporting, 90-day rolling forecasts, and 50% more accurate budgets that helped increase operating margin by 6.7%, reduce planning cost-error by 20%, improve NOI plan accuracy by 4.5%, and expand projects under construction from 4 to 16 (approximately $450M) without adding headcount.

USA Properties Fund

Jonny Harmer

Chief Financial Officer