06.2.2025 Angeline
As May marks the height of budget season for retirement villages, each year village professionals find the task of managing budget preparation and general village operations a logistical juggle.
From researching the proposed council’s rate in dollar amounts to ensuring appropriate and transparent communications with residents this task requires careful planning and execution.
Our operations management software, powered by Centrim Life, comes equipped with a new & improved task management module along with many other features that are designed to streamline and automate the budget process for retirement village staff.
Templating the Budget Process
Our task management module enables village staff to build templates for their annual budget process. By diarising the steps involved in budget preparations, staff can ensure that no crucial task is missed or overlooked. This feature enhances the efficiency and organisation of the budget process, making it easier for new or existing staff to navigate through the many responsibilities.
Standardisation and Consistency
The task management module also supports the standardising of the budget process across all villages. By promoting consistency in approach, assumptions, and timeframes, staff can ensure a seamless budget process.
Supporting the Budget Process with Data
Our Operations Management Software simplifies the process of extracting data from Maintenance & Assets reports to feed into budget assumptions enabling staff to make informed decisions based on accurate data analysis. This data-driven approach ensures that budget assumptions are realistic and aligned with the needs and preferences of the residents and the wider community.
Effective Communication with Residents
During the budget season, effective communication with residents is paramount. Together with our lifestyle management module and survey capability, it helps support collaborative communication and practices with survey and poll tools to gather residents' insights and preferences at the click of a button. Not to mention the ability to provide timely updates about any of the likely decisions or changes being considered. By keeping residents informed and involved, staff can foster a sense of trust and collaboration within the community.
