Case Study: Kairoi Residential cuts budget season from four months to two weeks with Venn

Kairoi Residential cuts budget season from 4 months to 2 weeks with Venn

Kairoi Residential, a multifamily property manager overseeing 130 assets and 40,000 units for over 50 owners, faced a significant challenge with its budgeting process. The company had a sophisticated, customized budgeting method that was essential to its operations, but running it manually in spreadsheets took four months each year. They were reluctant to adopt an off-the-shelf budgeting tool, as it would have forced them to compromise their unique process and logic. Venn was engaged to help solve this problem without sacrificing their established methods.

Venn's solution involved embedding Kairoi's specific budgeting playbooks, workflows, and formulas directly into their existing operational platform, HALO, which was built on Venn's infrastructure. A forward-deployed engineer worked to encode Kairoi's entire process, creating a custom application that automated first-draft budgets and enabled collaborative reviews. The result was a dramatic reduction in the budgeting cycle. The process that previously took four months was condensed to just two weeks, giving the Kairoi team months of time back and providing better visibility for their owners.

Kairoi Residential