One51 Success Stories

Designing a scalable data solution for a rapidly growing investment company

Designing a scalable data solution for a rapidly growing investment company

Overview

Elanor Investors Group is an ASX-listed managed funds company specialising in real estate investments. Established in 2009, Elanor has experienced exponential growth and now boasts an investment portfolio exceeding $6 billion.

In line with its rapid expansion, the company’s executive team sought an enterprise data solution to address data handling limitations and drive operational excellence through greater business process efficiency and data-driven decision making.

Basic office tools were incapable of supporting Elanor’s growth

Elanor Investors Group has historically managed its data through various software applications, and spreadsheets set up to track everything from financial metrics to investment performance data.

Greg McLaine, Chief Technology Officer at Elanor, says Microsoft Office tools by themselves were practical at the time, but significant manual intervention for transforming and reconciling data between systems was impacting productivity. This approach wasn’t delivering the capability needed to allow the business to scale and meet its strategic objectives.

“Elanor has grown steadily since its inception,” says Greg. “But in recent years, funds under management have doubled and the future trajectory of the organisation shows no signs of slowing down. In terms of technology, the organisation lacked an enterprise data solution where data could be aggregated and standardised for financial, management, investment, and asset performance reporting.

" We felt that One51 had the best alignment with our culture and requirements, and we liked that their team had prior experience with the real estate sector."

Greg McLaine

CTO at Elanor

Developing a prototype based on extensive stakeholder engagement

After commissioning a review of Elanor’s IT strategy, Greg and his team were not surprised to see that effective data enablement was a key recommendation. As a result, they invited several data specialists for discussion on how they might assist with Elanor’s data journey.

“We felt that One51 had the best alignment with our culture and requirements, and we liked that their team had prior experience with the real estate sector. Following this, they conducted a thorough discovery exercise around our data which highlighted a range of issues such its fragmentation, rudimentary data management governance, and lack of a single source of truth.

“In making recommendations as part of a roadmap to an ideal future state, the team was conscious of the technology we had already invested in and how we might leverage it to achieve our goals.”

With an existing Microsoft stack, Greg’s team decided on the development of a prototype data solution using Microsoft Fabric which they felt would best meet the company’s business intelligence needs.

Highly positive feedback with a scalable foundation for the future

Now equipped with an automated and integrated data capability that allows access to richer datasets for informed decision making, Greg says the feedback so far has been highly positive.

“While it’s still in prototype phase, we’ve had excellent feedback from leadership through to the practitioners at the coalface who use the information to support the work they do. It has sparked considerable interest across the business due to its perceived value and potential to empower various other business areas.

“As an example of its capability, our test group can now see lease vacancies and other important metrics within any of our real estate assets on a dashboard. This helps us measure and report on our performance against KPIs in a way that is much faster and more seamless than our previous approach.”

Peter says the highly effective working relationship between One51 and Elanor was key to the project’s success. “The commitment and vision of Greg and his technical teams allowed for a very open, positive collaboration. It was a privilege to help them uplift such a core capability that will support the organisation as it continues its impressive growth trajectory.”

" They understood our maturity level and their excellent business consulting skills have been so important for a business like ours. They’re able to speak our language and empathise with our pain points – it has been great to work with such highly trained professionals who can bring that special blend of technical skills and business know-how to the fore."

Greg McLaine

CTO at Elanor

Designing a scalable data solution for a rapidly growing investment company

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