Efficientix / Industries / Real Estate
From pre-sale to deed, peso by peso.
Construction operations and financial administration, united in a single source of truth on NetSuite. What the site resident reports is exactly what finance sees.
The challenge
An industry that doesn't fit in a construction spreadsheet.
Real estate development requires very specific tracking by project. With a generic system, construction costs, contracts and collections live scattered and arrive late.
The challenge today
- No visibility of the real cost per project, phase and unit.
- Progress estimates and construction progress recorded in Excel.
- Contracts, advances and bonds controlled outside the system.
- Difficulty integrating construction with financial administration.
- Impossible to compare budget against actual in time.
Our solution
- Configures NetSuite with real estate development processes.
- Control by project, phase and unit, from start to finish.
- Integrates construction operations with financial administration.
- Construction progress is recorded directly in NetSuite, with no intermediate steps.
- Consolidates several developments and legal entities into a single balance.
How it works
One data point, captured once on site.
The project
Where each development data point is born.
NetSuite
Records progress, estimates and contracts in one place.
Finance and management
Site data turned into financial control. No double entry: one data point, captured once and reflected instantly in costs, contracts and finance inside NetSuite.
NetSuite capabilities · Real Estate
NetSuite capabilities, applied to development.
What NetSuite already does, applied to a real estate developer's operation.
Real cost per project
The development's margin, from land to delivered unit, calculated automatically.
Contracts, advances and bonds
Every commitment with contractors and clients, tracked end to end.
Live dashboards and AI
Construction progress, collections and cash flow measurable instantly, by role.
Audit and consolidation
Finance sees the same number as the site resident; several developments in a single operation.
What it covers
The development's operation, in a single system.
NetSuite configured for real estate development covers every stage, from land to collections.
Development and unit map
Availability, phase and status of each unit on a live floor plan.
Construction progress dashboard
Physical and financial progress by project and phase.
Budget vs actual by line item
Variances detected while construction is still running.
Estimates and contractors
Every authorized estimate, with withholdings and amortizations.
Contracts, advances and bonds
Commitments and guarantees controlled end to end.
Customer portfolio and collections
Reservations, down payments and monthly installments, up to date.
Leases and rents
Rental contracts, increases and recurring billing.
Multi-development consolidation
Several legal entities and projects in a single balance.
“Before, construction costs lived in Excel and arrived only at month-end. Today every estimate is recorded in NetSuite, and finance sees the same number as the site resident, with no double entry.”
— Director of Administration and Finance · Efficientix client · Real estate group
Efficientix solutions
What Efficientix adds to NetSuite in real estate
MX+ localization
MX+ invoices rents with CFDI 4.0 and handles payment complements and DIOT from NetSuite.
Learn moreCustomer and supplier portals
The customer portal gives each tenant a statement and invoices online, and the supplier portal orders maintenance and service invoices.
Learn morePaystand with NetSuite
Paystand connects B2B collections and payments with NetSuite to reconcile rents and follow up receivables by lease.
Learn moreExpense app
The expense app controls each property’s administration expenses with approval and cost centers.
Learn moreNetSuite EPM
NetSuite EPM compares budget against actual spending of each development and consolidates the portfolio.
Learn moreNetSuite Analytics Warehouse (NSAW)
NetSuite Analytics Warehouse shows occupancy, rental income and delinquency by asset and tenant.
Learn moreSuite Fiscal
Suite Fiscal downloads and reconciles your suppliers’ CFDI and keeps document traceability.
Learn moreNetSuite FSM
NetSuite FSM orders maintenance requests and work orders for buildings and spaces, with assigned technicians and spending tied to each asset.
Learn moreLearn about NetSuite ERP · Implementation services · NetSuite support
Artificial intelligence
AI in Real Estate
Leases and expirations
You ask which leases expire in the coming months and which rents are due for adjustment, and AI shows it in a table.
Collections that get prioritized
With each tenant’s payment history, AI helps decide whom to follow up with first.
Portfolio summary
A natural-language summary of occupancy, collections and spending by development for the management meeting.
Questions your team can ask Ask NetSuite
Which leases expire in the next 90 days?
Which tenants have overdue rents?
Compare budget and spending for the North development.
FAQ
Questions, answered
What types of premises can I manage?
Every type of premises and space. We configure them to match how your portfolio is organized.
Does NetSuite work for managing properties and rents?
Yes. NetSuite lets you manage assets, spaces, leases, rents, collections, maintenance and consolidated finance. Efficientix configures it for the way you operate.
Does it control a development budget and expenses?
Yes. You can compare budget against actual spending for each development and see finance by development and consolidated for the group.
Can my customers check their statement of account?
Yes, with the Efficientix customer portal.
What types of premises can I manage?
Every type of premises and space. We configure them to match how your portfolio is organized.
Does it control a development budget and expenses?
Yes. You can compare budget against actual spending for each development and see finance by development and consolidated for the group.
// NETSUITE
Let's talk about your NetSuite project.
Tell us which system you run today and what you want to solve. We will propose the next step.
Operating in Mexico?
Does your company have a subsidiary in Mexico?
Run it in the same NetSuite as your U.S. headquarters. MX+ localization brings CFDI 4.0, DIOT and electronic accounting built in, with support in English and Spanish.