Satra Properties - Mumbai selects IMT eBuild™ ERP for improved construction business processes

July 15, 2008 - PRLog -- Satra Properties incorporated in the year 1983 and started with undertaking the business of leasing, hire purchase, investments, finance and trading. The company is listed with the Bombay Stock Exchange and is an ISO 9001:2000 certified real estate development company. Their business activities include all aspects of real estate development, from the identification and acquisition of lands, to the planning, execution and marketing of projects.

Just when the real estate market is on a bull’s race with increasing prices, there is also a high need of technological support in order to strengthen the image of the company and also make the processes a lot simpler and less redundant. The promoters and managers therefore felt that they should introduce a platform where they can automate the entire process and this is when they approached IMT for a solution.

Interactive Multimedia Technologies (IMT) is a premier Mumbai-India based IT Services Provider, offering cutting-edge software, web and multimedia solutions. IMT has synchronized itself with the ever changing needs of the clients when it comes to IT requirements and has always created solutions that has been catalyst to the growth of the industry IMT suggested Satra Properties to make use of IMT eBuild™, an ERP software which comes packed with features that are slated to take the Real Estate and Construction industry to a new level altogether. The ERP comes with certain important built-in modules such as Purchase & Stores, Sales, Architecture, Maintenance, Accounts, Engineering, Legal, and Payroll to help ease the processes of the Construction and Real Estate industry. The advantages of this ERP software are as follows:

•   Online Integration with HO and Branches
•   Quantity Estimation and Planning
•   Online Documentation
•   MIS Reports
•   System Security

The integration of the ERP system IMT eBuild™ developed by IMT will help Satra Properties from Mumbai to automate their real estate and construction division completely. The modules are built with exceptional features like the eBuild Accounts Module which comes loaded with powerful browser-architectured enterprise model delivering control, speed, responsiveness and most importantly cost saving. The eBuild Purchase Module comes with Inventory and Payable Modules in which the Purchase Managers can easily access information about the vendors, stock levels and purchase analysis report in real time.  eBuild Sales Module comes packed with all the sales related information which includes feedback from the customers and provides for Customer Relationship Management feature. eBuild Payroll Module forms an important part for any kind of organization. The salaries are being handled by the module and it facilitates timely release of the salary in accordance with the HR policies, also handling reimbursements, loans and advances which also include PF and other factors. Challans and TDS are also handled by the module. eBuild Architecture Module is a comprehensive module where every action of the construction will contribute to the process of building. eBuild Engineering Module comes packed with a powerful project management tool to monitor and control the project data which evaluates and enables the design-to-cost engineering and also helps in optimization of the construction cost. The solution also includes planning of the project to cost of completion which will make sure that the costs are ascertained based on the planning of the building and that would keep a check on the cost. The engineering module is also inter-related to other modules such as Accounting and Architecture Modules.

The real estate and construction market is quite large and diverse as it comprises of several large segments such as construction of the building right from the project management stage up till the completion of the particular project. Satra Properties have been associated with the development of real estate and have their own needs which they hope to get incorporated with the new software solution IMT eBuild™. The real estate is slated to grow at 35% p.a. and there is a strong need to use the technological benefits in keeping pace with the developments. The share of software expenditures in each segment varies considerably as well across each one from planning of particular real estate to the implementation. The relatively immature technological state of the sector coupled to its sluggish and haphazard growth pattern over the past few years and the lingering uncertainty about positive significant changes in the scale of Government investments in infra-structure makes it an extremely difficult process to handle and the kind of processes involved has been one of the major reasons why there is a huge requirement in the field to have ERP softwares and solutions coming up with such features as presented by IMT eBuild™. The ERP successfully cater to the unique business needs and requirements of real estate companies like Satra Properties. That is, this Real Estate ERP Software can be customized to suit individual company needs which include addition or modification of various features, functions, etc which are suitable for the real estate companies like Satra. Since every company has different business needs, an efficient ERP solution like IMT eBuild™. have successfully understood the needs of the growing real estate and construction industry.

True to their nature, Satra Group seeks cost effective and innovative solutions to meet the clients' requirement and is known for executing projects on time. After successful implementation of the solution Mr. Praful Satra and Ms. Meenaxi Satra, promoters of the group hope to continue the same kind of deliverables and also hope to streamline their processes.  With IMT eBuild™, they intend to make the planning and execution of their projects a lot more structured as this will definitely help in timely completion of the projects. At times, when a small delay in material delivery means a huge escalation of cost, Satra Properties hope to curtail the same in future with the help of IMT eBuild™