Digital Service

   

Schmitt Capital Partners With Bynry For Better Project Management And Collaboration

Schmitt Capital and Bynry worked together to build a platform for collaboration and project status management. Bynry’s solutions became instrumental to the company’s ratings and productivity.

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Schmkitt capital
 

Summary

Industry: Real Estate Investment

Scope: To manage and track project status, activities and develop a collaboration platform for investors and project executive. (iOS application and Back-end portal)

Engagement Period

Ongoing

Deployment Time

3 Months

Key Challenges

  • No IT solutions partner
  • Inability to provide investors with real-time project updates
  • Not conducive to tracking GPS data and timesheets
  • Difficulty maintaining historical data
  • Unimpressive user experience

Salient Features

  • Cloud-based solutions
  • Real-time collaboration platform
  • Automated Reporting
  • Data security and management support system
  • Advanced UI/UX

We having been looking for reliable solution partner to build web and iOS applications that help us mange all the projects and offer our investors real-time access to updates about the projects they have invested in. Team Bynry understood our brief and delivered the solutions that really met our requirement and expectations. The best part of working with them was on time delivery, in addition to the professional approach. Looking forward to doing more business with the team.

BESL
Schmitt Capital
Commercial Head • Bharatpur

About Schmitt Capital

Schmitt Capital is a well-known real estate investment firm that specializes in acquiring, developing, constructing and managing residential and commercial properties. The company began with small residential project renovations and grew to offer many more services on a global level.

Schmitt capital casestudy
Schmitt casestudy

Challenges

As a real estate investment company, Schmitt Capital dealt with a lot of data but was unable to present this information to investors in the right way. Their existing methods of data handling were slow and inefficient. As the company continued to grow, it became apparent that if the underlying issues were not addressed quickly, the company’s growth would be stunted.

The main challenges identified were:

Challenges

No IT Solutions Partner

Schmitt Capital had a number of interests spread across the globe. However, they did not have an IT solution partner for end to end functions. Hence, IT services were being managed by different entities and coordination between them was difficult. As a result, the IT solutions offered were disjointed.

Inability To Provide Investors With Real-Time Project Updates

A lack of control over the IT system and data made it difficult for the company to track investments and give investors real-time project updates. This affected the brand’s image and made it difficult to bring about transparency in its management of finances.

Not Conducive To Tracking GPS Data And Timesheets

Dependency on manual records made it difficult for Schmitt Capital to track timesheets and the real-time geographical location of their project executives. This, in turn, made it harder to track information flow and affected their ability to make data-driven decisions for the company’s future.

Difficulty Maintaining Historical Dataes

The use of outdated data management techniques made historical information hard to access and update. Data from different projects were saved in independent silos which made it difficult to draw co-relations and keep historical data up to date.

User Experience Expectations

The application was designed to be used mainly by project investors. Thus, user experience was one of the most critical aspects of the application’s success. An inability to meet the investor’s expectations affected the company’s image and made investors wary of investing with the company.

Solutions

A closer look at the company’s challenges made Schmitt Capital realize the need for a technology partner. They started looking for a partner who could give them end to end IT services that were flexible and could scale up to meet the company’s growth plans. Given their experience and technical expertise, Bynry emerged as the ideal partner. The solutions offered by them helped the company increase team productivity and improved investor ratings.

Solutions

Scalable Cloud-Based Solution

Bynry implemented cloud based advanced iOS and a back-office application. This improved data management, updating capabilities and increased processing speeds. It also met the company’s need for scalability.

Real-Time Collaboration Platform For Project Team & Stakeholders

A collaborative platform was designed and developed in a way so as to be accessible by project executives and investors. The new platform improved communication flow and helped all stakeholders collaborate in real-time.

Automated Reports For GPS Location, Timesheet & Payroll

Bynry introduced a form of automated reporting to give Schmitt Capital control over its database employee timesheets. With GPS tags, these automated reports made it easier to track employee progress. They also made it easier to calculate and track payments.

Improved Data Security, Backup Management And System Support

Bynry improved the data security measures in place and provided support for backup management. This brought about transparency in the system and improved the trust investors have in the company.

Advanced UI/UX Experience

Bynry helped build a better online platform for collaboration between project executives and investors. The new iOS application was easier to navigate and improved the UI/UX to the expected standards. This, in turn, led to improved investor ratings.

Results

After using Bynry's automated digital solutions BESL could bolster its overall operational efficiency and reduce commercial loss by 30%

Solutions

Accurate Billing

By employing Bynry's automation technology, BESL could reduce average high billing by 15%.

Increased Efficiency

Streamlining of human resources and optimization of distribution network improved by 30%.

Human Resource Streamlining

90% of the human resources in BESL were trained and aligned to the new technology within 60 days.

Efficient Field Staff

From around 50 meter reading to 150-200 meter readings a day, the filed force could improve their performance drastically.

Improved Accuracy

BESL could achieve 100% accuracy inmeter data as well as transparency in activities related to billing.

Accurate Meter Data

The solution enabled the installation of metersat the right address and GPS co-ordinates were captured and tagged. The data could be viewed real-time for future use.

Impact

Data Management For Improved Productivity

Updating Schmitt Capital’s IT solutions allowed the company’s database to scale up with their intended growth plan. It led to increased productivity and gave investors a way to get real-time insights into the progress of varied projects.

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Increase In Team Productivity

70 %

Real-Time Insight

99 %

Investor Ratings

4.5

Reduction in Admin Costs

40 %