Browse by Year:

CIO Review >> Magazine >> December - 2014 issue

In4Velocity: Strengthening Real Estate Businesses with Flexible In4 suite


Real estate industry being a highly capital intensive industry is riding through many highs and lows as the industry is facing challenges in material planning, cost control and On-time delivery. As the real-estate market evolves, real estate developers seek for a solution that can allow them to gain control over the creation of huge PO’s and at the same time supervise track suppliers. The unavailability of a specialized enterprise resource management platform for the real estate industry leads to inefficiency in real Estate functions including Land Banking, Project Conceptualization, and Execution budget allocation and monitoring. In4velocity strategically headquartered in Bangalore, leverages In4suite – an award winning software, designed and researched to manage complex construction activities and customer related sales transactions. The software has easy to use inbuilt checks that help real estate developers to identify and estimate the construction material required based on the design of the building and extend it across the project period to enable procurement as and when needed. “In4Suite provides end-to-end solutions for real estate developers and infrastructure players. It provides a real time view to the users of all their business processes”, says Rahul Chawla, CEO at In4Velocity.

Small and big real estate industries find it difficult to acquire insights about the industry standard practice that would help them perform their back- office operations seamlessly while they shift their entire focus on designing, building and sale of buildings. It is here when In4Suite helps these struggling real estate industries by turning their semi organized office work to a professionally managed work environment. In addition, the ready to use package feature of in4suite brings in efficiency at the workplaces within 2-3 months of its deployment. “Being a web-based system, it also provides freedom to the directors to freely move between office and various sites without losing focus on their operations. They can login to the system from anywhere any device and obtain the required information within a short period of time”, adds Rahul.

Wherever there is a demand for data or records, the whole department has to dig in the information and consolidate into reports. The process of data collation done manually affects the process of decision-making. With a fervent team of in4consultants and automated tools, In4Velocity enables the businesses to gather data and fulfill the needs of reporting of various departments. The team carries out an evaluation of user knowledge before implementation of In4Suite and trains the users on configuration and set up of in4. Post-implementation the team aligns business intelligence module to enable crisp reading of business data which is further consolidated in visual screens to help the prospects make smarter and faster decisions. “Unlike other competitors who sell software and provide software professionals to train and move out at client place, In4Velocity works along with the client's Sr. Management to set the goals and objectives before the implementation of in4 begins”, says Rahul.

While cloud computing being considered as savior of IT, with cheap, hassle free and flexible service to the businesses, it does give headaches to many real estate players when it comes to implementation of a safe and reliable ERP platform that guarantees back-up, firewalls and security to protect critical data. The exorbitant cost involved in full fledged IT set up often makes the management wary about the adoption of cloud services. With extensive experience of 10 years in the real estate market, In4velocity has enhanced its real estate software-in4 suite to work seamlessly on cloud. It is built on easy-to-use configurable platform that provides guarantee appropriate backups, proper antivirus, firewalls to protect sensitive data. “ In4Suite on cloud makes it easy and cost effective for Commercial Real Estate business to manage their operations from anywhere and at anytime”, quotes Rahul.

Handling rent escalation, revenue sharing and bill date management are few challenges encountered by the dealers, owners and brokers in the real estate landscape. The integrated module for leasing and property management within In4suite provides configurable solutions to meet the Commercial Segment of real estate industry. A single Term sheet serves the purpose of capturing the contract terms between the lessor and the lessee with customer terms and conditions. A one-time setup is provided which is captured during the contract preparation and it governs all factors like auto-rent-escalation with proper notification, multiple models of revenue, auto invoice generation with fixed costs like rent and actual consumption charges like electricity and water. In addition, the contract provides special section for multiple owners, brokers and agents that need commission management based on fixed terms, accrual basis or escalation basis.

After receiving immense acclamation for its Real estate software services, In4velocity has planned to enhance its ERP in4suite on mobile applications, integration with other technologies towards paper-less office, social media networking and advance level Business Intelligence analysis tools. Moving ahead with a positive outlook the company continues to simplify the real estate operations by providing solutions to issues more than just providing software.

Accomplishments

2013 : FROST & SULLIVAN award Emerging IT application of the year in the Real Estate and infrastructure sector
2012 : Cliental 250 + customers making In4 largest player in this domain
2011 : RED HERRING Top 100 Winner from Asia for the year 2011
2011 : NASSCOM EMERGE Top 50 Company in India for 2011
2011: CREDAI Preferred Partner “ERP Software for Real Estate”
2010 : India’s 1st Greenfield Airport – Durgapur to run on a full Saas Model !
2010: CREDAI Preferred Partner “ERP Software for Real Estate”
2009: Winner of Best Software Start-up By Silicon India (from 400+ across India)