Sabra – Sarah Mazur
Maximizing Scenario Analysis in the Real Estate Space
See how Synario has accelerated Sabra’s efforts to leverage financial modeling to analyze the impact of property acquisitions and dispositions! Sabra's own Sarah Mazur gives us an in-depth look into their concerns, opportunities, and processes on their path to better decision making through Synario!
Sarah Mazur is the Senior Manager of Financial Planning and Analyses at Sabra Healthcare REIT. They're a publicly traded company that owns and invests in skilled nursing, senior housing, and behavioral health facilities across the United States and Canada. They regularly maintain a five-year forecast for their Board of Directors and an annual model provided to the street at a high level. These reports are updated several times throughout the year, considering different scenarios combining several options for acquisitions, dispositions, and stock prices.
Once Sabra has results, the primary report they share is their Operating Summary. With the Synario team's help, they formatted this summary precisely how their Board wants to see it. This allows Sabra to efficiently share results and decisions to the forefront of their FP&A team.
Sabra's decision to switch to Synario began with the issues they experienced in their previous program while modeling their workbooks. Due to the size of these workbooks, Sabra experienced frequent crashes and corrupted files. When someone at Sabra wanted to see multiple scenarios, it meant copying all of their info into a new workbook where changes would be made and modeled. Their modeling was also time-consuming because of the human and formula errors they encountered.
After reviewing multiple modeling programs, Sabra saw that Synario was the only one that could model every aspect of their business correctly. Synario removed all concerns Sabra had with their previous program. It also has fewer moving pieces, so setting up and managing models, even with multiple users, was simple. One of Sabra's favorite features about Synario is the ease with which they can transition between scenarios and see the potential impact of a given initiative.
Want the full story? Read the case study here!
- 0:33 – Session Overview
- 1:31 – Concerns with Excel
- 2:54 – Ease of Use in a Multi-User Environment
- 4:33 – A Model Comparison
- 5:50 – Scenario Analysis
- 10:30 – Initiatives
- 12:28 – Case Dimensions
- 14:34 – Sharing Results
- 18:00 – Do you feed actuals into the model?
- 19:46 – Who are you reporting to?
- 21:45 – What was leadership at Sabra’s initial reaction to Synario?
- 23:38 – How has Synario helped strengthen collaboration and financial storytelling?
- 25:00 – How much time was gained from Synario modeling efficiencies?
- 27:02 – What was the learning curve like?
- 28:40 – Auditing Errors Then vs. Now
- 30:36 – How has the industry reacted to current financials?
- 32:00 – Sabra modeling success with Synario
- 33:47 – Does Sabra’s type of involvement with executives give their numbers more credibility?
- 34:53 – Biggest changes on the modeling front in the past couple of years
- 37:03 – What is your modeling motto?
- 38:42 – How do you hone in on what’s pertinent?
- 40:13 – What’s next for Sabra?