Banner Technologies

🏢 From energy-efficient upgrades to long-term capital planning, optimizing your CapEx budget can drive serious financial returns for your real estate portfolio. Our latest guide explains how asset owners can streamline project management, improve collaboration, and focus on high-ROI projects for better results. 📖 Learn how to take control of your CapEx budget: https://lnkd.in/eVR-PE73 #RealEstateInvesting #CapitalExpenditure #CapExOptimization #InvestmentStrategies

🚨 Failing to plan for risks can be a costly mistake in real estate projects. From market fluctuations to regulatory changes, managing risks effectively protects your investments. Learn how to anticipate and mitigate risks in your projects. Read more in our latest blog on managing risks in real estate: https://lnkd.in/eAiuCVSZ #RiskManagement #RealEstateInvesting #ProjectPlanning #MitigateRisk

📊 Real estate asset owners, it's time to upgrade! Managing CapEx budgets using outdated tools limits your potential for growth. In our latest guide, we cover how centralized software, long-term planning, and prioritizing high-impact projects can revolutionize your capital expenditure process. Maximize your property value and ROI by making smarter, data-driven decisions. ➡️ Read the full blog post to learn more: https://lnkd.in/eAiuCVSZ #RealEstate #capEx #propertymanagement #AssetManagement

Congrats 29th Street Capital!

📢 Poor communication between stakeholders can derail even the best-laid plans. Miscommunication leads to errors, delays, and increased costs. Establishing clear communication channels is essential for success. Is your team aligned? Check out our blog to learn how to keep everyone on the same page. https://lnkd.in/eAiuCVSZ #TeamAlignment #ProjectSuccess #RealEstateDevelopment #StakeholderManagement

💰 Budget overruns are more than just a financial hiccup—they’re a profit killer. The key? Rigorous cost management and real-time tracking. Discover how the right tools can help you avoid budget overruns and maximize your returns. Dive into our latest blog to explore effective cost management strategies. https://lnkd.in/eAiuCVSZ #RealEstateInvestment #BudgetManagement #Profitability #CostControl

⏰ Time is money in real estate. Delays can mean lost opportunities, increased costs, and strained budgets. Effective project management helps you stay on track and protect your bottom line. Are you prepared to handle project delays? Learn more about how to manage risks and timelines effectively. Read our latest blog to uncover the hidden costs of poor project management. https://lnkd.in/ep5iyG3m #ProjectManagement #CostManagement #TimeIsMoney

*FOR IMMEDIATE RELEASE *Justin Goodkind Joins Banner Technologies as GTM Lead [New York City, September 4, 2024] – *Banner Technologies”, a leading company in PropTech, is thrilled to announce that Justin Goodkind will be joining the team as the new Go-to-Market (GTM) Lead. Justin brings a wealth of experience in real estate and financial technologies, which makes him a valuable addition to the Banner team. In his new role, Justin will spearhead the company’s GTM strategies, drive new customer growth, and ensure the successful launch of new products and services. His subject matter expertise and proven track record at G5 (a RealPage company) and Cognito (acquired by Plaid in 2022) are expected to play a crucial role in expanding Banner’s market presence and enhancing customer engagement. “We’re excited to welcome Justin to the team,” said Mark Murphy, CEO at Banner. “His experience, accomplishments, and vision align perfectly with our goals, and we are confident that he will make a significant impact as we scale and innovate. His approach to GTM strategy has consistently delivered impressive results, and we are eager to see his contributions here.” For more information about Justin Goodkind, you can view his LinkedIn profile here. **About Banner**   Banner allows leading owners, including Blackstone, Starwood, and Morgan Properties, to automate and centralize their capital project plans. Banner eliminates the need for Excel and fragmented systems to manage budgeting, cost tracking, approvals, bids, draws, reporting, and every other process related to capital projects. We are excited to have you join our team. Any tips to help them get started? #newhire #welcome

What’s New Wednesday: Cash Flow Forecasting Having clear insight into your cash flow is crucial for maintaining financial stability and planning future budgets. Asset managers often struggle to accurately predict future cash needs, leading to budget overruns and unexpected financial shortfalls. With detailed insights and accurate financial forecasts, our Cash Flow Forecasting helps you stay on track, avoid unwanted surprises, and plan effectively for the future. Here’s how it works 👇 📈 Add Cash Flows Easily: For any line item, simply choose the "add cash flows" option. 📅 Detailed Payment Terms: Input exact payment terms for every contract, including start and end dates, payment milestones, and other key steps. 📊 Comprehensive Forecasting: Banner takes your commitments and forecasts them throughout the life of the project. 👀 Visibility into Spending: Get clear visibility into how much cash you're anticipated to spend for the rest of the year for any particular contract. 🗂️ Accurate Portfolio View: Develop a precise picture of your capital-related cash outflows at the portfolio level.

🌟 What’s New Wednesday: Draw Reporting🌟 Generating accurate draw reports can be a hassle, especially when juggling multiple lenders, managing teams, and overseeing various projects. Many tools require extensive manual effort to compile and format these reports. Banner makes it effortless with just a few clicks. Here’s how: 📊 Customizable Summaries: Easily review dashboard summaries and select invoices, with precise details like percent complete and balance to finish. 📑 Automatic Attachments: Automatically include necessary attachments—proof of payments, invoices, lien waivers, and signature sheets—eliminating manual searches. 🏦 Lender-Specific Templates: Access a library of templates tailored for different lenders and generate reports in their preferred formats. 📋 One-Click Reports: Create comprehensive draw reports quickly with a single click, saving you valuable time and effort.