The NOI variance, explained
the day actuals arrive.
Variance analysis is usually quarterly archaeology: by the time the bridge is built and the narrative written, the problem it pointed to is a quarter old. The Variance Explainer inverts that. On new actuals, it builds the NOI bridge, isolates the drivers, and drafts the narrative line by line, each traced to the GL.
It explains the variance continuously, not at quarter-end
The work of a variance pack is mostly reconstruction: tying actuals to plan, isolating what moved, and writing it up. The Variance Explainer does that reconstruction as actuals arrive, so the asset manager spends the time on the decision the variance implies, not on assembling it.
New actuals are posted
A GL refresh or a new month of actuals is the trigger to rebuild the bridge.
Bridges, isolates, drafts
It builds the NOI bridge against plan, isolates the line-level drivers, and drafts the variance narrative traced to the GL.
The AM approves the narrative
The narrative is a draft until an asset manager reviews and approves it. The judgment about what it means stays with a person.
Ask the Variance Explainer what moved. It returns the NOI bridge, the ranked drivers, and a drafted narrative, with every number traceable to the GL line behind it.
NOI +$184k vs plan (+3.1%). Bridge built against plan and prior year.
Top driver: recoveries +$121k, from the Northwind expansion commencing early.
Offset: repairs +$54k over plan, a one-time roof remediation. one-time
Draft narrative assembled, line by line, each figure linked to the GL.
narrative = DRAFT
It can write the variance. It cannot decide what to do about it.
The Variance Explainer assembles the bridge and the narrative, but the call, re-forecast, escalate, leave it, belongs to the asset manager. The draft is fully traced so that approval is a review, not a rebuild.
Trigger: new actuals are posted. Human approval: an asset manager approves the narrative. What it cannot do: re-forecast or publish the pack without approval. The full architecture, controls and audit trail live on the security & governance page.
Asset management
Continuous variance analysis with plain-English commentary, traced to source.
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