Calescence Consolidates Month-End Close Across 40 Properties with Swiper

THE COMPANY

Forty properties, forty different close calendars

Calescence's 40 properties each managed their own books locally, with general managers submitting month-end numbers on their own schedule and in their own format.

THE CHALLENGE

A group close that waited on the slowest property

Corporate couldn't finalize consolidated results until every property had submitted, and a single late or inconsistent submission could push the entire group close back by days.

Every property used to close on its own schedule with its own quirks. Now corporate has one number, on one date, every month.
Renata Silva, Director of Finance

THE SOLUTION

A shared close calendar across the whole portfolio

Swiper standardized the chart of accounts and reconciliation workflow across every property, with corporate finance able to see submission status in real time instead of waiting on emailed spreadsheets.

Property controllers now work inside the same platform corporate uses to review and consolidate, removing the handoff that used to cause delays.

THE RESULTS

One close date for all 40 properties

Calescence now closes its entire portfolio in four business days, with corporate finance spending its time on performance review instead of chasing down late submissions.