Mackenzie Village

See how Mackenzie Village and its construction arm, Revelstoke Peak Construction, used Interfy’s OneCore to integrate a $65M development across two entities, eliminate manual data entry, and save up to 20K in monthly accounting costs.

Location
Revelstoke, Canada
Firm Type
Residential Development & Construction
Primary Industry
Property Development & Construction

Company Background

Mackenzie Village is a large scale residential development located in Revelstoke, British Columbia. To deliver the project efficiently, the company established a dedicated construction arm, Revelstoke Peak Construction. Together, the two entities manage a significant multi year development with complex financial and reporting requirements. Ensuring accuracy across both companies is essential for stakeholder confidence and long term project success.

The Challenge

The unique structure of the development created immediate financial complexities. The development company and construction arm needed clearly separated books, yet the existing systems required heavy manual effort to keep financials aligned.

ecause the entity split occurred six months after Procore was implemented, both teams faced the difficult task of integrating half a year of historical data into the construction company’s books. This required extreme precision and close reconciliation.

The companies also needed accurate inter company reporting and compliance with Canadian tax requirements. Manual data entry between Procore and their accounting platform increased risk, slowed reporting and made it challenging to maintain audit ready records.

The Solution

Mackenzie Village selected Interfy’s OneCore to integrate Procore with their accounting platform due to its ability to manage both entities with accuracy. OneCore offered the features they required, including the ability to process time inputs back and forth between systems, which no other integration provided at the same value.

Interfy worked closely with the team to retroactively process six months of historical project data, ensuring both entities had accurate and complete financial records. The integration also handled complex inter company transactions while maintaining strict separation for reporting and tax purposes.

To support the company’s Canadian tax requirements, Interfy customised the platform to ensure correct tax treatment, reporting, and compliance across both entities.

The Result

  • Seamlessly integrated a $65M construction budget across two entities
  • Saved an estimated 10 to 20K per month that would have been spent on outsourced accounting support
  • Eliminated all manual data entry between Procore and QuickBooks
  • Achieved perfect financial alignment between Procore and their accounting platform
  • Simplified reporting for lenders, payment certifiers and quantity surveyors
  • Created audit ready books with detailed transaction tracking
  • Implemented custom tax reporting aligned to Canadian requirements

If you are looking for integration software, especially for Procore, then Interfy's OneCore should be your first stop. The team knew more about Procore’s solutions than some of the Procore staff themselves.

Michael Lewis
Senior Project Manager Mackenzie Village and Revelstoke Peak Construction

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