by PredictAP Team on Apr 18, 2024 2:48:24 PM
LCB Senior Living, LLC is a leading senior housing operator and developer with roots that go back to 1994. The company owns and/or operates communities throughout New England and the Mid-Atlantic states, offering Independent, Assisted and Reflections Memory Care living options across 35 communities, where they serve over 2000 residents.
A healthy senior living community relies on many layers of support staff, from those providing resident care to everyone keeping the lights on. The support staff at each community look to a Business Office Director (BOD) to make it all work.
The role is demanding: it balances human resources, payroll, management, and community-level accounting, including accounts payable (AP). A good BOD knows their communities inside and out—it’s nearly impossible to hire from outside the industry.
At LCB Senior Living, BODs were turning over at a concerning rate due to burnout. Amid their varied, complex duties, many were also drowning in repetitive manual invoice processing.
Managing manual AP processes continued to be a challenge for BODs at LCB Senior Living even after streamlining their approval processes with Yardi Payscan. The team at LCB turned to Predict AP to further automate their AP processes in hopes of further alleviating the administrative burden on their BOD staff.
“PredictAP reduced time spent on the keypunching of data in the first month of use. And that time savings increased as the system ‘learned’ out AP coding.”
—Leo Jacques, Controller, LCB Senior Living
After an onboarding period of mere weeks, LCB’s team was reaping the benefits of a fully automated invoice processing system. After onboarding PredictAP, BODs at LCB Senior living were able to reclaim valuable time previously spent on manual invoice coding, and are instead able to focus on the most important aspect of their work: supporting community residents.
Learn more about how LCB Senior Living realized efficiency gains and retained key staff members with PredictAP in our full case study. Download it here.
ABOUT LCB SENIOR LIVING
Founded in 1994, LCB Senior Living is a leading senior housing operator and developer headquartered in Norwood, Massachusetts. With operations spanning across New England and the mid-Atlantic, LCB was among the region's first senior living providers. They pride themselves in offering the finest independent, assisted, and memory care living options.
For more information, visit https://www.lcbseniorliving.com/
ABOUT PREDICTAP
PredictAP is the leading AI-powered invoice coding solution designed specifically for real estate. Unlike OCR and indexing services, PredictAP provides fully coded invoices, ready to flow through existing AP automation workflows. When paired with industry-leading AP automation solutions, such as Yardi Payscan and Nexus Systems, PredictAP delivers massive cost savings and productivity growth.
Founded in 2020 by a team of real estate, accounting tech, and artificial intelligence industry alumni, PredictAP is based in Boston, Massachusetts. Visit www.predictap.com to learn more.
