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Storable Launches Business Intelligence: A Game Changer for Self-Storage

In the ever-evolving self-storage industry, operational efficiency and analytics play a crucial role in success. Storable, a leader in technology solutions for this market, recently introduced Business Intelligence, a cutting-edge reporting solution specifically designed for self-storage operators. This new platform promises to fundamentally change how owners manage their facilities by providing quick, comprehensive insights into various dimensions of their operations.

The Need for a New Solution

The self-storage industry, valued at approximately $24 billion, is rife with challenges, and one of the most pressing issues faced by operators is the reliance on outdated reporting methods, primarily spreadsheets. According to Chuck Gordon, CEO of Storable, many operators lack the detailed analytics necessary to stay ahead in a competitive marketplace. This lack of sophisticated data capabilities can hinder growth and decision-making processes.

“Business Intelligence enables operators to analyze their data with speed and confidence, giving them a competitive edge and the ability to react quicker to market changes,” he stated. The platform was born from the recognition that operators need a solution that delivers actionable intelligence swiftly, allowing for proactive management of their facilities.

Key Features of Business Intelligence

1. Instant Clarity

Business Intelligence operates on the Storable Edge data platform, delivering key performance indicators such as revenue, occupancy rates, and marketing performance in real-time dashboards. Users can expect insights in minutes instead of hours, greatly enhancing operational efficiency.

2. Tailored Reporting Solutions

Business Intelligence is not a one-size-fits-all solution. It provides various reporting tiers, including:

• - Management Reports (Free with Edge): Thirteen essential reports designed for day-to-day operations, offering immediate value.
• - Business Intelligence Essentials Pack: A curated data bundle split into two collections:

- Growth Reports: Helps operators identify effective promotional efforts to optimize marketing spending.
- Performance Reports: Focuses on revenue trends and financial oversight to ensure operators can catch issues early.

3. Customizability and Scalability

For those seeking further customization, Report Builder allows users to create tailored reports and dashboards without needing specialized analytical support. This adaptability makes the platform effective for a wide range of users, from single-site operators to multi-location enterprises.

4. Enhanced Decision-Making

Operators can make data-backed decisions confidently, identifying revenue dips and delinquency spikes in real-time, which are critical for maintaining profitability. This proactive approach empowers businesses to navigate market challenges more effectively.

Benefits Over Traditional Approaches

The traditional method of using spreadsheets not only consumes considerable time but is also prone to human error. Business Intelligence addresses these issues head-on by offering:

• - Reduced time spent on manual reporting
• - Increased confidence in data accuracy
• - Enhanced visibility of revenue opportunities
• - Scalability that supports growth regardless of the number of facilities managed

A Purpose-Built Solution

Storable's solution stands out because it's engineered to evolve alongside the business needs of storage operators. It can cater to both lean operators who require professional insights without extravagant costs and larger enterprises needing advanced analytics. This versatility ensures that all users can benefit from an easy-to-use, powerful platform without the usual overhead associated with business intelligence systems.

Conclusion

Storable's Business Intelligence is a revolutionary tool that is set to redefine how self-storage facilities manage their operations. With features designed to save time, enhance confidence in decision-making, and foster growth, this innovative platform marks a significant advancement in the industry. As Storable continues to lead the integration of technology in property management, Business Intelligence promises to enable operators to not only survive but thrive in an increasingly competitive environment.

For more information or to schedule a demo of Business Intelligence, visit Storable's website or contact a Storable representative today.