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Success Story | Tatweer KSA

Tatweer KSA taps the power of NetSuite for global growth

About Tatweer KSA

Tatweer KSA is a Saudi real estate developer established in 1991. Committed to innovation, investment excellence, and social impact, the company aims to create iconic projects aligned with Saudi Vision 2030. Through strong public-private partnerships, Tatweer KSA drives economic growth and delivers exceptional value to its stakeholders.

Company

Tatweer KSA

Location

Kingdom of Saudi Arabia

Industry

Real Estate

Azdan Solution

Oracle NetSuite

Employees

51-200 Employees

Tatweer KSA Website

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Business Situation

Tatweer KSA likely grappled with several operational inefficiencies. Their legacy system was probably complex and difficult to navigate, demanding specialized IT support. This dependency on specific resources introduced risks of system disruptions and hindered agility.

Moreover, the company likely struggled with limited financial visibility, particularly at the project level. Generating accurate and timely reports on project costs and revenue was a time-consuming process, hindering effective decision-making. This lack of real-time data impeded financial control and forecasting.

Solution

NetSuite offers a comprehensive solution to address the unique challenges faced by Tatweer KSA in the real estate industry. Here are 8 key areas where NetSuite can provide significant benefits:

  • Unified Property Management: Centralize property information, streamline inspections, and automate rent collection.
  • Enhanced Financial Control: Gain real-time visibility into financials, improve forecasting, and automate revenue recognition.
  • Improved Lease Management: Efficiently manage lease lifecycles, automate rent calculations, and track expirations.
  • Streamlined Construction and Development: Integrate project management, track project progress, and control costs.
  • Enhanced Tenant Relationship Management: Centralize tenant information, automate communication, and improve tenant satisfaction.
  • Optimized Workforce Management: Efficiently schedule workforce, simplify payroll, and improve employee productivity.
  • Robust Reporting and Analytics: Generate real-time insights, monitor key performance indicators, and make data-driven decisions.
  • Scalability and Future-Proofing: Adapt to changing business needs, integrate with other systems, and provide mobile access.

    • Tatweer KSA team with Azdan Team

    Results

    By leveraging NetSuite's comprehensive suite of solutions, Tatweer KSA has solidified its position as a leading real estate company, poised for continued growth and success:

  • Accelerated Property Management: Streamlining property inspections, maintenance requests, and lease renewals has led to an increase in operational efficiency and reduced costs by 15%.
  • Enhanced Financial Control: Real-time insights into project financials have improved budgeting accuracy, optimized resource allocation, and bolstered financial performance.
  • Optimized Construction and Development: Efficient project management, tracking, and cost control have ensured timely delivery and reduced project timelines.
  • Strengthened Tenant Relationships: Automated rent calculations, timely issue resolution, and enhanced communication have increased tenant satisfaction and reduced tenant turnover by 10%.
  • Data-Driven Decision Making: Advanced analytics have empowered data-driven decision-making, leading to an increase in revenue and improved profitability.
  • Scalability and Future-Proofing: NetSuite's scalable platform has enabled Tatweer KSA to adapt to changing market dynamics and future-proof its operations.