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Amica – Premier Senior Residences

At Amica, our purpose is to enrich the lives of seniors. We do that by striving to create a senior living experience that is exceptional in every way.

Our client, Amica Senior Lifestyles has enriched the lives of Canadian seniors and their loved ones with its customized approach to meeting residents’ unique and evolving needs. Canadian-owned and operated, Amica residences can be found in the finest neighbourhoods throughout British Columbia, Alberta and Ontario.
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The challenge

Amica was utilizing the Great Plains general ledger to consolidate its financials. Data was pushed from their source Yardi ERP into Great Plains, and this process proved difficult and overly complicated. Amica had built some great tools in budgeting and forecasting, but they were in Excel and tough to maintain. Once budgets were created, changing them was time-consuming, costing company leaders valuable decision-making advantages.

What we did

Amica chose OneStream because of the platform’s ability to meet operational goals, both in the near and long-term. OneStream provided a more integrated and complete financial close and consolidation solution offering 100% data transparency and unparalleled audit trails.

Throughout the implementation, the team at Ascend was able to show how the integration across the company’s multi-entity, variable-needs environment was able to reduce close and budget forecasting times
by up to 80%.

OneStream, the benefits

Scalability

OneStream's cloud deployment means that the system has the ability to scale and Amica can add account reconciliation as needed.

Automation

The two main financial processes have become more automated, reducing manual processing and labor requirements.

Visibility

Holistic decision-making is easier due to the streamlined consolidation and budgeting made available to leaders at the same time.

OneStream has brought great value to Amica.

Peter Popalis
Managing Partner, Ascend

Real results, real returns

12

It took 12 months for the total build turnaround, including setup, development, training and deployment.

95%

Budget forecasting was cut from five months to less than one week, a more than 95% reduction.

90%

OneStream cut the consolidation timeline from three weeks to a couple of days — a 90% reduction.

What we achieved

Within 12 months, Ascend implemented both complete systems for consolidations and budgeting. This was done in two separate phases, starting with close and consolidations. Accordingly, the two main financial processes have become more automated resulting in a significant reduction of onerous manual processing and labour requirements.

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