CASE STUDY | PROPERTY MANAGEMENT | DATA ANALYTICS
Global property management company achieves data ownership and Strategic Growth with Decision Inc. UK
Solution overview
Industry
Property Management
Solution
Qlik Sense & nPrinting
Location
United Kingdom
Client
A publicly listed real estate investment TRUST
(REIT) which manages a diverse portfolio
comprising of 111 properties.
Requirement
The project faced challenges due to a constrained fixed budget set before initiation. Poor data quality from third-party sources and their lack of cooperation further complicated the process. Additionally, unforeseen manual processes emerged after budget finalization, requiring adaptability to navigate unexpected complexities.
The Client
A publicly listed real estate investment TRUST (REIT) which manages a diverse portfolio comprising of 111 properties.
To efficiently handle this portfolio, the company has
opted for a strategic approach by outsourcing
property management responsibilities to three
distinct property managers. The primary objective of
a recent project undertaken by the company was to
implement a solution emphasising data ownership,
expediting automated reporting processes, and
enhancing capabilities for in-depth analytical insights.
The Requirement
The Decision Inc. team successfully conducted a comprehensive data landscape review and meticulous data flow analysis of the existing processes.
Subsequently, they formulated a tailored data solution, encompassing data management and a data warehouse, aligning precisely with the client’s specified requirements. Notably, the project faced challenges such as a constrained fixed budget, predetermined prior to project initiation.
Additionally, the dataquality from third-party sources raised concerns, posing a potential hurdle. The cooperation from these external sources proved to be lacking, further complicating the project dynamics.
Moreover, latent manual processes surfaced postestimation and budget finalization, necessitating adaptability in the project approach to address unforeseen intricacies
The Solution
The project unfolded in distinct phases, initiating with the completion of the data solution analysis.
Subsequently, Decision Inc. executed an ERP implementation. Data integration from upstream ERP systems was developed to run monthly transactional and journal integration.
Additionally, the project included the development of a finance data warehouse, which centralised data from the ERP and other upstream source systems. Monthly snapshot allowed for historic reporting.
Simultaneously, the development of Qlik Sense BI and nPrinting models leveraged the data from the data warehouse to enable automated reporting and self-service analytics. The full scope of this project covered a comprehensive and sequential approach towards achieving the outlined objectives.
The Outcome
The project’s key benefits revolved around strategic goals aimed at liberating the company from historical dependencies on third parties and even competitors. The non-measurable return on investment (ROI) encompasses enhanced data ownership, competitive advantage, and strategic positioning for growth while maintaining operational efficiency.
In terms of measurable ROI, the manual reporting time saved is a critical metric.
Key Benefits:
The conservative estimate indicates a total annual saving of 1920 hours of labour.
.
The breakeven point is achieved at 241 hours per month, resulting in an annual ROI of 52%.
.
About Decision Inc.
Decision Inc. is a global digital partner that enables businesses to reinvent themselves to realise their full potential.
We deliver agility, resilience, and intelligence to any enterprise, enabling them to adapt quickly and thrive through innovation and opportunity. Our teams have engaged with more than 400 clients globally over the past 15 years, providing them with the expertise to build, operate, and optimise their digital businesses.
We achieve this by leveraging the world’s best technology to drive our client’s business ambitions forward into tomorrow’s reality. Our success is ultimately driven by our entrepreneurial culture, industry exposure, and the passion of our people. We have three key cross-functional teams – Functional and Specialist Consulting, Development, and Engineering teams.
Based in four global offices, our exceptional consultants focus on delivering value to clients by keeping them at the centre of our service delivery.