FORS Building Projects Management System is launched at Peresvet
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One of the biggest Russian real estate developers Peresvet Invest Company has made an important step in automation of its activity by launching specialized Building Projects Management System, deployed by FORS. Now, after 2 years of the system developing, testing and trial performance, it has been started its commercial operation.
FORS was engaged to the project as a longtime and trusted partner, who had accomplished several other projects of the customer on the base of Oracle E-Business Suite for financial and management accounting. Among them — electronic workflow, revenue and costs accounting, HR-system and clients database. Also, it was developed and implemented a special module for the visualization of the new buildings apartment’s sales procedures.
Peresvet Invest Co. was set up in 1995 as a developer and builder of the private apartments and commercial real estate, including engineering and social infrastructure in Moscow city and Moscow region. There are more than 1,3 mln. of projects at the company’s portfolio. The total investments amount on the current and future developing projects is more than 97 billion of rubles. Company continues to grow, and for the effective management it needs a reliable and multifunctional IT-tool.
The main goal of the project was to provide a permanent live monitoring of the key financial figures of the building projects and, apart from that, control of the correspondence of the fact to plan estimates, and especially — quality of the building works performed by the contractors.
Developed by FORS automation system provides in full abilities for decisions making, planning, control and effective management of the building works. It enables automated keeping of the records of the projects, building sites, contracts, documents, cost sheets, accumulative lists, payments for the tight financial control, including plan/fact analysis, planning and monitoring of the building budget. All modules of the new system are integrated with the existing management accounting sub-system.
«Due to the automation of the main activities of the company, we’ve got the ability to perform our internal business processes faster and in a more correct way, — says Vladimir Tryascin, CIO of Peresvet Invest. — We really appreciate that now can get all financial data we need rapidly and directly, keeping under control building works and managing our contractors arrangements both up to date and flexible. System, developed by FORS, would serve as a multifunctional automation platform long ahead, and even now fully meet our expectations and worth the investments we made».
System automatizes work places of the project manager, economist, lawyer, engineer, specialists on workflow, contracts accounting and engineering supervision. Calculated by the system rates are delivered to the top and middle management, including project managers and direction, empowering their decision-making. If before they have been dealing with electronic tables MS Exсel or paper documents, now the process of monitoring and control of building works is fully automatized, standardized and centralized. In the result, the customer benefits dramatic reduction of the risk of the possible mistakes, duplicating and generating of the invalid data, with the timing for documents processing reduced in 2-3 times. Users highly appreciated friendliness and rich functionality of the system interface as well.
Building projects management system can operate as independently, as a part of the existing IT-infrastructure. The customer is free to choose the desired level of integration — with some specific modules only or full integration. Even if there is no automation at all, system could serve as its basic platform.
New system is ready for delivering as a replicated solution for the commercial real estate and building companies, and for the government organizations responsible for monitoring of the building works.