BYOE (Bring your own Excel)
At Builders Patch, we are working to boost your productivity while you work in your Excel models. Our Proforma feature gives you access to: Sources and Uses, Development Budget, Income and Operating Expenses and a very handy scenario P&L forecaster to forecast changes in income and opex over time. Here's how it works:
Upload new models - Bring your own Excel files
We are hyper focussed on the multifamily asset, so even if you have different Excel models, we can map these models to a model our system understands to give you superior analytics that you want to see at your portfolio level. As part of your onboarding, we will set up all these mapping spreadsheets for you. You can use these files and continue working in your spreadsheets. In the example below, you can see how we have mapped the sources and uses from your spreadsheet (s&u) in ours (BP - deal core data). We follow a similar structure for your development budget, rental income as well as income and opex data.
Have more questions about the model? Read on...
Powerful Analytics
Customers often tell us that they have CDs and binders of closed projects hidden away in basements. We want to bring you that data available to you at your fingertips. Once you dust off those files, just give us the older projects and we will digitize and map all these projects for you. Looking for the senior housing project you completed a couple of years back? Now with Builders Patch and its standardized models, you can see all your projects at a portfolio level - and even filter by location or project type to see trends and the soft costs per sq. foot.
Deal Level - Sources & Uses
Portfolio Level - Sources & Uses
Updates to your models
We understand that in the pre-construction phase, your models are constantly changing and you are working on different scenarios with your architects. We make this very easy for you - you can keep working in your files, while our formulas in the mappings spreadsheets silently update the numbers. We also can lock / hide the sheets for you so these changes are completely invisible (and magical?) to you.
Upload models
Once you are happy with your model, you can upload the Excel file to our system
What if I want to revert back to an older model?
We have complete version control on your files, so we can retrieve your beautiful oops back to a version you want. We will eventually give you the ability to revert back to a previous version as well.
