CIOTechOutlook >> Magazine >> December - 2015 issue

In4velocity: Revolutionizing Real Estate Market with Ingenious ERP Software ‘In4Suite®’

One lesson that construction and real estate companies took away from the downturn of the last few years, is the importance of streamlining all business to save time, improve efficiency and keep all levels of management on the same page. Presently, the Real Estate industry is facing several challenges to be at par with other industries with proper norms and standards; and is thus looking for a simple upgrade through an Enterprise Resource Planning (ERP) system, to aid them take their business to the next level of success. With recent developments in Indian political situation and several awareness programs world-wide, there is great hope of favorable factors such as FDI, single-window clearance, land-bill, infrastructure bonds & securities, attractive interest rates coming into the picture. Thus, a large number of organizations are offering “construction ERP software to real estate industry to enhance business efficiency and increase profits, in a cost-effective manner. Rendering a world-class Business Intelligence tool designed for the Execution and Procurement departments for Real Estate companies is Bangalore based In4velocity; India's leading software solution for Real Estate Developers, Contractors and Infrastructure companies; that renders integrated planning for execution of projects in the Real Estate business.

Recognized as the leading provider of “Real Estate and Infrastructure Software; In4velocity furnishes end to end solutions for core product offerings of Sales/Marketing, Engineering and Construction Management and Rental & Property Management. Established in 2004, the company specializes in the product installation at the client site and getting it configured for pilot release in 6-8 weeks based on its unique 5-step methodology; with Process Consulting for detail process discussion and documentation, being the initial step; followed by User Training for delivering the training using industry standard examples; then User Certification; SOP documentation and Additional Services like New employee orientation on ERP Platform.

“The company trains its clients to use in4velocity’s training methods & tools, and hand-holds them till the last mile to ensure that they become independent in using “In4Suite®.” says Rahul Chawla, Managing Director & CEO of In4velocity. In order to cater an embedded BI and Dashboards solution, In4velocity also tied up with one of the world’s leading Business Intelligence Software Company- Qlik.

In4Suite®-The exquisite ERP software
The award winning ERP software of In4velocity- In4Suite® assists over 26,000 users, across India, the Middle East and South East Asia on a daily basis, to manage complex construction activities and customer related sales transactions. The project execution module, known as Engineering Module, within In4Suite® helps complete workflow based Budgeting, Estimation, Planning, Contracting, Billing, Work completion certification, Daily Progress Reporting all integrated with inventory functions like Indenting, Quotation Management, Store management and Reporting features. The procurement module on the other hand, includes the material estimation, budgeting, vendor registration, Quotation and RFP, creating Purchase Order, stock valuation, physical vs. system stock reconciliation, all integrated with accounting for financial transactions. In4Suite® further accomplishes portals for the vendors viz-Supplier Portal and Contractor Portals, where-in the vendors can access the system with restricted, view-only rights of their orders & bills; submit their quotations for new requirements from their own offices; and enjoy the auto-alerts via email and SMS, resulting in minimizing the response time from both parties.

In4velocity emphasizes on the role of mobility in smooth operating of organizations and thus, has an expert team working to deliver multiple mobile apps catering to the needs of various stakeholders; with senior managements (for approval of their contracts, budgets and purchase orders); and construction site supervisors (for viewing and approving activities in work orders); to name a few.

“Having integrated payment-gateways, In4velocity also benefits end customers to make online payment using credit card, debit card, net-banking and various financial tools.” adds Mr. Chawla. The On-Cloud solutions of In4velocity, Rental payment plans are highly cost effective as the software as a service (SAAS), aids small and medium companies to cut down their IT infrastructure cost, such as Server cost, IT Administrator, Server Room & UPS; along with the 24x7 business availability round the clock with almost zero investment on any infrastructure.

Future docket
In4veloctiy enjoys being India’s most rewarded Real Estate Software Company with several recognitions like Winner Emerging IT Application of the Year by FROST & SULLIVAN (2013); Asia Top 100 Companies Winner by RED HERRING (2011); Awarded by NASSCOM as Top 50 Emerging Companies in India (2011) and CREDAI Preferred Partner "ERP Software for Real Estate (2009-10, 2010-11, 2011-12) to name a few.

With 100’s of clients and tens of thousands of users being served with services varying from Concept to Design, to executing on the design to build a world class product, the company seems to have achieved an exciting position in the Real Estate software space, in a short span of 10 years. But despite all the success, the company doesn’t intend to rest on its laurels. In4velocity aims to release a new set of products in the upcoming year to complement its core product In4Suite®, for addressing the concept of extended enterprise that would enhance value to company’s clients along with their customers and vendors further, thereby bringing the entire value chain on a digital platform.