Broad Oak Development Streamlines Project Costing & Reporting with Anton Systems
How a growing multi-family developer built a scalable accounting and project management foundation with real estate data analytics software, and closed its first month on Acumatica in five days.
Broad Oak Development LLC
Building from the Ground Up
In 2018, David Lloyd joined the founding team of what would become Broad Oak Development, a company still in its earliest stages — "grassroots and greenfield," as he puts it. "We were building from the ground up, with no existing systems, processes, or limitations." They had to establish everything from scratch. There were no legacy systems, reporting structures, or tools beyond Excel.
As the newly appointed special projects director, Lloyd's first mission was clear: find a software solution that could support a multi-family developer with ambitions to manage projects ranging from $60 to $80 million and a complex entity structure.
Generic Tools That Didn't Fit the Developer
Lloyd explored several platforms but quickly recognized their limitations. "They were too canned and too contractor-focused," he said. "We needed something tailored to real estate developers — not CPAs, not supers, not general contractors."
The platform they initially chose but never implemented had become costly, required frequent upgrades, and offered inconsistent support through third-party vendors. "We never talked to the same person twice," he recalled.
With 15–20 active entities and a complex ownership structure involving intercompany relationships, Broad Oak needed an accounting system that could scale with its operations. It also needed more than project accounting software — it needed a long-term partner who understood the real estate development business model.
"We needed something tailored to real estate developers — not CPAs, not supers, not general contractors."David Lloyd, Special Projects Director, Broad Oak Development
A Partner Who Understood the Developer
That partner was Anton Systems, offering the Budgetrac platform, specifically designed for real estate developers. Lloyd was impressed by how precisely the software aligned with the needs of a development team managing multiple entities, intercompany relationships, and vertically structured reporting. "Anton knew who they were selling to — and that was the developer," Lloyd shared. "That made all the difference."
The implementation was smooth and methodical. Because Broad Oak was starting from zero, Anton helped them build a clean chart of accounts, entity structure, and cost code framework. "We took our time and got it right," Lloyd said. "Anton's team was steady, professional, and completely aligned with our goals."
But the real test came a few years later. When Anton announced that Budgetrac would be sunsetting, they immediately offered Broad Oak Development a migration path to REDA for Acumatica. Because Anton had previously earned their trust, Broad Oak transitioned without hesitation.
"Anton knew who they were selling to — and that made all the difference."David Lloyd, Special Projects Director, Broad Oak Development
Five-Day Close with Real Estate Data Analytics Software
With Anton leading the transition, Broad Oak migrated all historical data — including Excel and Budgetrac records — into the new Acumatica system without skipping a beat. "We closed our first month on Acumatica in five days without missing a single invoice, pay app, or draw — we never missed a beat," said Lloyd.
"We closed our first month on Acumatica in five days without missing a single invoice, pay app, or draw — we never missed a beat."David Lloyd, Special Projects Director, Broad Oak Development
Faster Reporting & Clearer Project Visibility
Real-time reporting through real estate data analytics software gives ownership and project teams a clear view of every project, without waiting for month-end. This is one of our success stories with BI tools that deliver measurable ROI through faster decision-making and reduced manual effort.
Explore the full business intelligence and KPI tracking features in our real estate data analytics software.
Streamlined Accounting Processes
Automated workflows and a clean chart of accounts reduce manual effort across the entire finance function.
Learn how to automate real estate reporting and reclaim 10+ hours every week.
Simplified Loan Draw Management
Loan draw packages and lender submissions are prepared and tracked within the platform, on time, every time.
Improved Audit Outcomes
Clean, audit-ready books, with no adjustments required, give ownership and investors confidence in the data analytics behind every financial report.
See how property management software for regulatory compliance supports audit-ready reporting.
High-Confidence Financials for Ownership
Ownership groups get financials they can rely on, backed by a system built for their business model. This case study demonstrates how real estate data analytics software translates directly into ROI: faster close, fewer errors, and investor-ready reporting.
A Long-Term Strategic Partnership
"It's not just the software — it's the team behind it that makes the difference."
Built to Scale
As David Lloyd looks ahead, Broad Oak anticipates future expansion and may consider onboarding new joint venture partners or making acquisitions.
"When the time comes to integrate another developer onto our platform, I know Anton will help us do it with minimal disruption, and it will go seamlessly."
"It's not just the software — it's the team behind it that makes the difference."David Lloyd, Special Projects Director, Broad Oak Development
Frequently Asked Questions
Are there case studies of real estate data analytics software?
Yes. This Broad Oak Development case study shows real estate data analytics software in action. Broad Oak migrated from Excel spreadsheets to Acumatica and closed their first month in five days without missing a single invoice, pay application, or draw. Real-time reporting gave ownership and project teams clear visibility into every project without waiting for month-end.
What are success stories with BI tools in real estate?
One of our success stories with BI tools involves Broad Oak Development, a multi-family developer managing 15 to 20 active entities and projects ranging from $60 to $80 million. Using Acumatica's business intelligence tools, they achieved faster reporting, streamlined accounting processes, and clean audit outcomes with no adjustments required.
How does real estate software improve ROI through data analytics?
Real estate data analytics software improves ROI by replacing manual reporting with real-time dashboards and automated financial statements. In this case study, Broad Oak Development reduced their month-end close from weeks to five days, eliminated manual report assembly, and produced audit-ready books that gave investors confidence. Faster close, fewer errors, and investor-ready reporting translate directly into measurable ROI.