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The most successful real estate businesses have agility and operational excellence that allow them to exceed customer expectations while creating shareholder value. One of the cornerstones of an agile construction business is management information systems. Implementation of information systems can provide tangible results that streamline business processes, improve operational and strategic planning, increase service levels and instill internal controls.
To realize these benefits of information technologies, KORUS Consulting provides implementation services and solutions geared towards the needs of real estate businesses (prime contractors, subcontractors, engineering companies, real estate developers, real estate investment trusts and property management companies).
KORUS Consulting services and solutions for engineering and construction companies provide the following benefits:
- Streamline financial planning and budgeting processes
- Provide up-to-date information for decision makers at all levels of management
- Enable rapid delivery of management information to all users
- Maintain a central library for project master data, including projects, phases, tasks and activities
- Plan and provision of project resources including materials, subcontractors and own labor based on project plans
- Generate capital expenditure budgets
- Manage sales of residential and commercial property
- Control contracts authoring and approval
- Maintain the library of contract templates
- Manage various types of contracts (e.g. buy contracts, sales contracts, shared ownership agreements, leases, etc.)
- Track actual costs (subcontracts, materials, depreciation, overheads, etc.)
- Obtain various management reports on construction projects, including project status reports, information on activities and issues, estimates-to-complete (ETC), cash flow forecasts, etc.
- Provide collaborative environment for issues’ resolution
- Control changes in project parameters (timeline, budgets) with change management procedures
- Integrate ERP and accounting software with project planning software (e.g Primavera, Artemis, MS Project)
- Integrate ERP software with estimation tools (e.g. A0, Smeta Wizard)
- Create a single depository of project documents including engineering drawings, statutory standards (e.g. SNIP), architectural plans, etc.
KORUS Consulting services and solutions for real estate developers and property management companies provide the following benefits:
- Plan investment portfolio based on financial and strategic objectives;
- Obtain financial information about projects for the whole of their lifecycle
- Forecast cash flows for long- and short- term
- Provide access to property master data (business parks, buildings, floors, apartments, rooms, etc.)
- Get access to graphical property plans with detailed information on property’s functions (e.g. conference rooms, offices, stores), tenants, occupancy status, etc.;
- Integrate graphical plans with lease information (e.g. occupancy status, extension options, expiry dates);
- Manage lease contracts of various types (e.g. subleases, buy contracts, sell contracts)
- Manage various lease models (e.g. fixed rent, variable rent, fixed rent + operational expenses, etc)
- Generate billing and payment schedules
- Control property maintenance expenses
- Allocate expenses to tenants based on lease terms
- Track equipment inventory, warranty information, maintenance and repairs history
- Forecast preventive and planned maintenance
- Account for costs related to equipment maintenance and repairs
- Provide clients online access to various services (e.g. AR and billing status, technical service requests)
KORUS Consulting offers the following service to real estate customers:
- Analysis, documentation and optimization of business processes;
- Implementation of standard business software:
- KORUS | Construction – vertical ERP software for engineering and construction companies based on Microsoft Dynamics NAV and certified by Microsoft
- Project management software from Oracle
- Property management solution based on Oracle E-Business Suite
- Engineering documentation management solution based on EMC Documentum
- Financial planning and reporting solutions based on Oracle Hyperion
- HR management suite based on BOSS-Kadrovik
Our clients include such companies as Stroymontazh, LSR Group, MIEL, Konti, etc.
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