News & Views on Indian Real Estate

Tuesday, June 10, 2008

ERMS for real estate segment

Of all industries, real estate and property developing are the last that one could associate with computers and software. But, it seems the ‘brick and mortar’ business is increasingly in need of Enterprise Resources Planning solutions than others, given its rapid growth and the pressure developers undergo to design and deliver projects on time. Indeed, Enterprise Resource Management System (ERMS) is different from the traditional ERP system. ERP is an ideal solution when it comes to analyzing business and administrative processes – to learn the strength and weaknesses and work out ways of fixing the holes from things gone by. Whereas, ERMS helps real-time access to information that enables taking decisions that has a bearing on the present. Bangalore-based In4velocity Systems, India's leading Real Estate and Property Development software firm, announced that Mumbai-based Kanakia Spaces, a renowned name in the Real Estate industry, has successfully implemented its market leading ERMS application, In4Suite, across its various construction projects over the period of 6 months. The overall deal value is expected to be above US $ 100,000.

manish said...

ERM (enterprise resource management) also describes software that manages all of a company's assets and resources, including such basic applications as general ledger, accounts payable and receivable, as well as manufacturing, inventory, and human resources. I have seen similar news on indiarealestatemonitor.com

Anonymous said...

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Plz share more about India real estate growth in this ression