millenium soft real estate-
TRANSCRIPT
Real Estate ERP Implementation Case Study
email: [email protected]: +1 703–698-9232 India: +91-40-64544928
Client: D.H.S (Danish Housing Society)
Housing co-operative society
Established in the year 1984.
Developed 9 residential colonies
Construction of over 2000 residential units.
Mission: Provide affordable luxury residential units
About the Client
What are the typical problems faced by Contractors of Real Estate Industry?
Issues faced before ERP
Lack of inventory tracking by project
How much Cement was used by Project 1 ?
How much brick was used by Project 2 ?
Did we go over the estimated quantity?
Project costing and profitability.
Estimated cost vs Actual Cost
Estimated Project vs Actual Profit
Association Billing and Management.
Recurring Billing
Finance Charges
Penalties
Procurement not tied to budget ( Cost Escalation ).
Budgets
Inefficient Lead Management.
Problems & Solutions
Lead ManagementLeads are expensive …Each lead is worth over 3,000 USD
Sales/MarketingBest way to generate Leads?
Newspaper, Web, Referral
Inventory ManagementWhere is my inventory?
When shall I procure inventory
Purchase ManagementTied to Budgets
Approvals
Project ManagementTracking
Service ManagementMaintenance
Tender Management (Bidding)
Document Management
Financial Management
Payables based on deliverables
Ø Project Management linked to material estimates & Budgets by Phase.
Ø Link with Bill of Quantities.(Task -> Product)
Level 1 Slab = 10 Tonnes of Cement, 50 Tonnes of Steel etc.
Ø Account Payables as per Master agreement based on deliverables
Ø Accounts Receivablesa. Automatic Recurring Billing.
b. SMS Alerts.(Pre and post Transactions Alerts.)
Customizations in OpenERP
Provides Alerts when Material Consumption is going over the estimate.
Recurring Billing resulting in savings of nearly 20 man months per year.
Improved Work order management and delegation resulting in accountability and improved customer satisfaction.
Cost and Profitability Analysis.
How ERP Benefits D.H.S