ERP Selection & Implementation for Real Estate Builder

 

 

CLIENT CONTEXT & PROBLEM

 

A 25-year-old builder and contractor with real-estate projects ranging from government offices, commercial complexes, and residential apartments. Due to the fragmented nature of their business, the client was reliant upon a huge number of manual processes and multiple sources of data, finding it difficult to properly scale the business.

 

APPROACH & SOLUTION

 

After an exploratory assessment of various aspects of the client’s construction management process, project management procedures, supply chain, and market conditions, Consoul's team of experts identified the opportunity to re-engineer and upgrade the client’s business process with an ERP solution. We came up with a strategy and plan to align the multiple business units providing a digitalized workflow to reduce manual process errors, increase automation and drive cost savings through best practices.

 

Solution Highlights:

 

1. Evaluated vendors and shortlisted them based on a comprehensive ERP selection process measuring the product fit on Project Controls, Contract Management, Collaboration, Modularity, Administration, Cost & Time

2. Focusing on the stability of the company, Consoul streamlined their construction management process and defined workflows to improve their overall project management efficiency without having to hire a significant number of new employees.

3. To ensure adoption and sustainment, we prepared a change management plan and coached and trained executives, managers and on-site staff with a scorecard to chart their progression

 

BUSINESS RESULTS

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• Successful adoption of the ERP among the employees, after implementing the ERP solution on scheduled time within budget.

• 20% reduction in real-estate project completion time and cost, enabling the client to provide their services at the most competitive rates possible and win more government contracts.

• 400% reduction in work orders, which in turn reduced process errors, increasing the efficiency of key team members of the business units.

• With real-time financial visibility, the client was able to automated the tracking of revenue per project reducing duplication errors and significant time saving in invoice matching and processing, where invoices are automatically matched against the procurement workflow.

• Optimized project planning by controlling resources and budgetary allocations while avoiding unnecessary downtime and other delivery issues throughout the duration of the real estate project.

• While bidding on the government projects, the client is able to accurately estimate costs for raw materials, design and labour. and calculate overhead liabilities of projects. Each project is more accurately budgeted, with the real cost not deviating much from the estimated cost when carrying out the project.