Before Banner, FCP managed over 1,000 capital projects across their multifamily portfolio using a patchwork of spreadsheets, emails, and disconnected tools. Asset managers spent hours each week manually compiling reports, and there was no single source of truth for project status, budgets, or vendor performance. As the portfolio grew, so did the complexity—and the risk of costly mistakes slipping through the cracks.
Case Study
×FCP gains one source of truth for CapEx
How FCP aligned asset managers, vendors, and property managers in one system with real-time visibility
0%
reduction in CapEx costs
0%
reduction in admin work
0X
portfolio growth with Banner
Industry
Multifamily
Portfolio
1,000+ Projects
Solution
Banner Platform
01
The Challenge
"
We implemented Banner so we could manage our entire portfolio in one platform, with real-time visibility across all stakeholders and project information. It creates a strong system of checks and balances for our CapEx projects.
02
The Solution
FCP implemented Banner to centralize all CapEx management in one platform. By moving 1,000+ projects onto Banner, they created a unified system where asset managers, vendors, and property managers could collaborate in real-time. The platform provided instant visibility into every project's status, budget, and timeline—eliminating the need for manual report compilation and reducing the risk of miscommunication.
03
The Results
Within the first year, FCP saw dramatic improvements across their CapEx operations. The 5% reduction in CapEx costs came from better budget visibility and proactive variance management. The 70% reduction in administrative work freed up asset managers to focus on strategic decisions rather than data entry. Most importantly, the operational efficiency gains enabled FCP to triple their portfolio size without adding headcount to their CapEx management team.
Key Benefits Achieved
Real-time visibility across 1,000+ capital projects
Centralized collaboration for all stakeholders
Automated reporting and budget tracking
Proactive variance alerts and budget controls
Scalable platform that grows with the portfolio
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