Features: Magazine | Literary Review | Life | Metro Plus | Open Page | Education Plus | Book Review | Business | SciTech | Friday Review | Cinema Plus | Young World | Property Plus | Quest | Folio |

Rahul Chawla, CEO, Bangalore-based In4velocity Systems

In4velocity Systems is making leads in providing business solutions for the real estate and property development space. Its market-leading software platform — In4Suite RE — has built exclusive grounds for the real estate market. It is a complete web-based solution and has made inroads as far as flexibility, usability and cost of ownership is concerned, when compared to traditional ERP solutions. PropertyPlus caught up with Rahul Chawla, CEO, In4velocity Systems, to get the details of the ‘solutions’ offered to the real estate industry.

In4velocity was started on the premise of focussing on the real estate and property development industry and provide software solutions to it. With the advent of FDI and with growing affluence of the masses in India, the demand for real estate has shot through the roof, and is an investment opportunity for even high net worth individuals.

With such furious activity happening in the industry it has led to unprecedented construction activities in various cities and the management of these activities requires streamlining of the delivery process, including the management of cash flows and finances. Builders have realised that they need something to maintain and manage their ever growing complex transactions to deliver to the end customer.

In short, In4velocity helps the real estate developer do just that - from land acquisition to legal, from sales to engineering/purchase and from finance to property management, it provides a single window/unified software interface for the developer to manage his growing business. The In4Suite® - the product – provides a real- time view of the business and gives the developer information at any point of time about the state of his business and the challenges the business might anticipate in times to come.

The reasons are mentioned above. One other key factor is the shortage of resources available for a real estate developer. Finding people and keeping them in the organisation, especially civil engineers, has become one big challenge for the real estate developer. Systems such as In4Suite mitigate some of the risks associated with processes tied to people and the knowledge that moves with people. Other reasons are pretty clear…improves efficiency by providing real-time information to your customer.

First of all, In4Suite is a unique solution as it is a web-based product and is a complete end-to-end integrated business solution for the real estate developer. For any developer growing fast, instant information about business processes and functions becomes critical. As its name aptly says (Information-velocity = In4velocity) – what In4suite does is accelerate the information flow within the organisation, providing real-time access and information to all parts of the organisation. It provides information access to the right person at the right point of time to ensure the smooth operational flows of the organisation. In4Suite® provides for something like Return on Investment and Return on Information.

Enterprise softwares are collaborative in nature, ensuring that all business functions and people in the organisation participate online to provide their part of the information flow for the software to perform optimally. Retail softwares are individual and desktop- specific. They may not require the ‘enterprise’ to participate. What makes In4Suite an Enterprise software is the very nature of what it does for the developer – it provides for immediate efficiency in the way the teams collaborate and work, it provides immediate cost savings and time savings and it further provides the senior management and directors of the enterprise that installs it with superior analytical capabilities to predict business trends/issues and find solutions well ahead of time, before the onset of adverse events.

Traditional ERPs are built around the concept of data management. The software is built around complex screens which are used by people in the organisation to enter and store data. In the future they can generate reports based on the storage of this data. In4Suite is a highly sophisticated but easy to use ERMS (Enterprise Resource Management Solution). It sometimes even works alongside ERPs and leverages their functionality at times.

It has built-in workflows for the real estate business (300+ SOPS – Standard Operating Procedures) ready to be used out of the box. It allows for predictive analytics wherein questions and trends can be reviewed and answered for rapid decision making. While it has the necessary Data in-Data out capabilities, it leverages workflow, the collaborative features and its internal alerts and messaging system to warn the users ahead of events based on the data trends.

Well, In4Suite is an enterprise portal of sorts but to be used more internally by an organisation and then externally by its partners in the ecosystem that makes the developer successful. The ecosystem consists of customers, brokers, contractors, suppliers, investors etc.

In4Suite provides each stakeholder a view to his/her own data via what we call portlets (or mini portals). By bringing the entire value chain as such on the digital highway, In4suite acts as a central control system which manages the show for the real estate developer.

Not everyone chooses to be on the net – but the definition of the net itself as we see it is changing. Most users not knowingly are also by default on the net. It is now getting more “portable”. Your cell phone has the net on it! You voice is now carried on regular telephone calls to and from the net.

Your refrigerator, your microwave can now be net enabled… so it’s everywhere and is getting engrained into our lives. The web is but a front end to the net – any interface which is not human will always be impersonal. But like the saying goes – don’t judge a book by its cover – so too should our approach be to these impersonal pages which but provide us with the convenience of knowing everything sitting at home. Impersonal it may be, but we actually get there!

Get into www.in4velocity.com

Printer friendly page  
Send this article to Friends by E-Mail