Digital transformation in an organization certainly creates value; however, achieving results from such projects is not easy or cheap. Below are several digital initiatives that have proven productive in residential real estate development:
Microsoft CRM Dynamics – This software is used for qualified administration of the sales process. It consolidates all information regarding sales goals and results, products, potential, and existing clients…
Smartsheet.com – This software offers numerous functions practical for coordinating labor resources (if the organization has the appropriate culture). Additionally, it is excellent for use as an “online Excel.” For example, you can place a pricing sheet accessible to all sales managers simultaneously. It is also good for accounts receivable schedules, simplifying interaction between accounting and the sales department; it allows for automatic reporting of completed plans…
Microsoft Project – Used for managing construction timelines and financial plans. The software enables tracking and improving the “critical path” as well as providing Earned Value Reports. Here, you can reflect all cost estimates, planned and executed budgets in volumes, etc. For instance, the software will automatically show how a 10% increase in rebar prices will impact the overall planned budget or what negative financial outcome a 10-day delay in pouring the slab will have at the end of the project…
Qlik – A very practical tool for comprehensive business analytics. We have effectively used it for financial information reporting to investors. The software can connect to the existing accounting system in the organization and automatically generate financial and managerial reports in any segment. This is an essential tool for a qualified CFO, allowing for increased decision quality and profitability. See here: www.bivision.ge
PlanRadar – A construction supervision software with numerous functions, but I believe the most important is the quality supervision part. The software makes deviations from quality standards transparent to the head office, identifies responsible persons, and allows for timely correction.
