Case Study: Crescent Communities achieves automated cash-flow reporting and faster financial analysis with Prophix Software

Creating a Home for Data at Crescent Communities

Crescent Communities, a national real estate investor, developer and operator of mixed‑use communities, faced time‑consuming, error‑prone finance processes. With more than 100 active legal entities across four business units, the finance team relied on manual cash‑flow reporting that required frequent rekeying to fix formula errors, making project‑level budget vs. actual comparisons slow and increasing the risk of cost overruns.

They implemented Prophix’s financial performance platform to automate cash‑flow reporting, consolidate data from multiple sources and integrate with project development models. What once took days can now be produced in minutes, giving the team timely, accurate cost data, improved variance analysis (actuals and projections vs. board plans, annual plans, historical trends) and clearer project‑level insights that enable faster, data‑driven decisions and proactive cost control.

Crescent Communities