The Proliance software solution from Meridian Systems® allows infrastructure-intensive organizations to optimize the Plan-Build-Operate project lifecycle for complex capital projects, construction programs and facilities in one, enterprise system of record.
Below is a summary of a recent case study from Meridian customer, Forest City Ratner Companies, New York City's largest real estate developer for the past decade. Visit our website for the complete case study and learn how other leading real estate developers, building owners and construction firms are improving project performance with software solutions from Meridian.
Case Study: Forest City Ratner Companies
New York City's Largest Real Estate Developer Uses Proliance Software
Real estate development companies that develop, construct and operate a large portfolio of commercial space face significant challenges from an Information Technology (IT) standpoint. This is because, for many companies, the Plan, Build and Operate lifecycle is managed using separate systems for each business segment.
According to Raj Patel, Senior Vice President and Chief Information Officer at FCRC, maintaining multiple systems and platforms is costly and inefficient. What's more alarming, however, is that data integrity is questionable when it's coming from multiple sources, often because of duplicate data entry. Using inconsistent processes and different user interfaces does not allow for the "real-time" data transparency necessary to achieve business intelligence.
In fact, at FCRC, using non-integrated systems created more questions than answers. Paper-based approval processes made it difficult to identify where the bottleneck really was. "We never had complete transparency into our process," says Patel. "Why hasn't this vendor been paid? Why haven't we approved this change? Where does this project cost stand versus the budget? How much did steel cost by retail building for our ownership percentage? These were some of the questions we didn't have answers for and it was even more complicated when we had partners on our projects."
Frustrated with data invisibility, inefficient business processes and the lack of continued R&D in its current software, FCRC decided it was time for a change. As part of a company-wide strategy to reduce the number of one-off systems needed to manage their real estate operations, FCRC chose to replace its current disconnected systems (Sage Software Timberline, Primavera Expedition and a custom reporting tool) with integrated, best-of-breed solutions.
Proliance software from Meridian Systems was selected as the primary replacement. An Infrastructure Lifecycle Management (ILM) solution, Proliance is specifically designed to optimize the Plan, Build and Operate phases of capital construction and facility projects. Proliance would be integrated with the company's new SAP and Open Text Livelink enterprise content management (ECM) software. The end result would be three strategic technology solutions working together as one integrated platform.
Read the complete FCRC case study, including chapters on:
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Proliance: The Ultimate Tool for Business Intelligence |
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A Plan-Build-Operate Implementation |
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Big Benefits |
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Solid ROI |
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Forest City Ratner Companies Project Profile: Atlantic Yards in Brooklyn, New York |
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