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Real Estate ERP
Implementation Case
Study

       email: sai@millenniumsoft.com
       U.S: +1 703–698-9232
       India: +91-40-64544928
About the Client
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
What are the typical
problems faced by
Contractors of Real Estate
Industry?
Issues faced before ERP
Lack of inventory tracking by            Association Billing and
project                                  Management.
How much Cement was used by Project      Recurring Billing
1?
                                         Finance Charges
How much brick was used by Project
2?                                       Penalties

Did we go over the estimated quantity?
                                         Procurement not tied to
                                         budget ( Cost Escalation ).
Project costing and
profitability.                           Budgets
Estimated cost vs Actual Cost
Estimated Project vs Actual Profit       Inefficient Lead
                                         Management.
Problems & Solutions
Lead Management                  Project Management
Leads are expensive …Each lead   Tracking
is worth over 3,000 USD

                                 Service Management
Sales/Marketing                  Maintenance

Best way to generate Leads?
Newspaper, Web, Referral         Tender Management
                                 (Bidding)
Inventory Management
Where is my inventory?           Document Management
When shall I procure inventory
Customizations in
OpenERP
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 Receivables
How ERP Benefits D.H.S

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.

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Millenium soft real estate-

  • 1. Real Estate ERP Implementation Case Study email: sai@millenniumsoft.com U.S: +1 703–698-9232 India: +91-40-64544928
  • 2. About the Client 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
  • 3. What are the typical problems faced by Contractors of Real Estate Industry?
  • 4. Issues faced before ERP Lack of inventory tracking by Association Billing and project Management. How much Cement was used by Project Recurring Billing 1? Finance Charges How much brick was used by Project 2? Penalties Did we go over the estimated quantity? Procurement not tied to budget ( Cost Escalation ). Project costing and profitability. Budgets Estimated cost vs Actual Cost Estimated Project vs Actual Profit Inefficient Lead Management.
  • 5. Problems & Solutions Lead Management Project Management Leads are expensive …Each lead Tracking is worth over 3,000 USD Service Management Sales/Marketing Maintenance Best way to generate Leads? Newspaper, Web, Referral Tender Management (Bidding) Inventory Management Where is my inventory? Document Management When shall I procure inventory
  • 6. Customizations in OpenERP 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 Receivables
  • 7. How ERP Benefits D.H.S 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.