Real Estate Journal — Owners, Developers & Managers — September 28 - October 11, 2018 — 9A
www.marejournal.com
M id A tlantic
O wners , D evelopers & M anagers
hy should you care about your technol- ogy stack? Wait – Integrated applications bolster the bottom line via streamlined tasks & improved communication How to build the best construction and development technology stack W
tial construction sector, en- ables homebuilders to manage schedules and streamline order processes with suppliers, dis- tributors and manufacturers. Its full suite of digital services addresses everything needed to keep projects on time and under budget. Property Management IBS’s Imperium Powered by Acumatica serves as a single source for capturing and pro- cessing real estate enterprise data, and includes deep func- tionality in the areas of escala- tions and recoveries – with ro- bust lease abstracting, and util- ity and tenant service billing
features for multi-family, com- mercial and other specialized markets. Elegantly integrated solutions for electronic rent payments, payment processing, and resident screening make managing day-to-day tasks automatic and convenient, often resulting in significant cost savings over conventional approaches. It provides all of this, along with unparalleled integration capabilities. Estimating PlanSwift’s digital estimat- ing and takeoff software for the construction industry enables contractors and estimators to continued on page 16A
multiple projects from one central program. Offering real- time access and instantaneous tracking for every team mem- ber, it keeps everyone up to date from bidding to comple- tion. Procore is a drawing- centric application. Submittals, RFIs, punch lists, photos and other details are included in the most current drawing set. Popular collaboration soft- ware SmartSheet enables teams to automate timing for tasks like collecting informa- tion from different workers and sending requests for ap- proval from one colleague to another. The intuitive interface
enables fast implementation to configure, adapt and improve processes. SmartSheet boasts “frictionless sharing” and the creation of clear accountability to bolster task ownership and team engagement. Honest Buildings is the lead- ing integrated, data-driven project management and pro- curement platform built for commercial real estate. Com- panies use Honest Buildings to centralize project data, increase transparency, automate bid management and standardize reporting. Hyphen Solutions, specifi- cally designed for the residen-
wha t I S a t e c hno l o g y stack? It’s ac- tually pretty s i m p l e . A tech stack is a group of mul- tiple technol- ogy applica- tions that to-
Michael Mullin
day’s businesses use to manage their core functions. Decades ago, it was an actual stack of hardware in the IT department. Now, like most technology, it’s virtual and resides in the cloud. Here’s why you should care. A well-integrated technology stack helps streamline routine business tasks and also greatly increases the ability to use in- formation to improve planning. The “stack” is powered by the multi-cloud world. This means multiple business applications and services in the cloud effort- lessly interact in a way that best serves the individual us- ers. With the universal growth of platforms powering business functions, the importance of a technology stack is being recog- nized in all industries, old and new, small and large. Within this context, con- struction and development practitioners are adopting cloud platforms and applications that facilitate project management, property management, estimat- ing, budgeting and valuation, AP processing, and document and approval management. In turn, the construction and development technology stack is taking shape, incorporating a variety of tools to increase ef- ficiency and accuracy, improve focus on value-add opportuni- ties, and enhance the ability to make confident decisions. The enterprise construc- tion management/accounting platform serves as the core of a well-assembled construc- tion tech stack. Today’s most cutting-edge products (such as Acumatica Construction Edi- tion) allow other components of the stack to integrate with this core, sharing data in real time to facilitate every aspect of doing business. As you’re assembling a tech- nology stack for your construc- tion or development organiza- tion, take a look at these best- in-class technology platforms. Project Management Procore improves visibility and enables management of
Built by Hand While it worked for the Seven Ancient Wonders, construction tools have come a long way.
So has technology.
Project Management ■ Accounting ■ Contracts ■ Job Costs ■ Commitments ■ Subcontracts ■ Compliance ■ Retainage
We can help you improve margins and project control. Contact us today.
sales@ibsre.com www.IBSRE.com (973) 575-4950
Construction Management/Accounting • Property Management/Accounting • Managed IT Services
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