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REAL ESTATE BROKER

ACCOUNTING AUTOMATION PROJECT

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PROJECT SCOPE

This has to be one of our most technically advanced Odoo Implementation.We integrated their existing CRM with Odoo through API. We worked with FAM Properties to automate their accounting for Sales, Rental, Commisson recording, Approval Cycle, teams performance reporting, dynamic sales report related to Area, Nationality, type of property. Furthermore we developed the IFRS 16 amortization model for the lease of the offices, tag generation for Fixed Assets.

Our Odoo implementation for FAM Properties stands as one of our most advanced and technically sophisticated projects to date. Through seamless API integration, we connected their existing CRM with Odoo, ensuring a unified and streamlined platform for managing their operations

KEY HIGHLIGHTS




AUTOMATION

Automated Accounting for Sales, Rentals, and Commissions: We automated FAM Properties' accounting processes to accurately track sales, rentals, and commissions. This automation enhances precision and saves valuable time, allowing teams to focus on strategic tasks rather than manual data entry



APPROVALS

Approval Cycle and Team Performance Reporting: The system includes a custom-designed approval workflow that provides transparency and control throughout the process. Performance reports are available for each team, enabling FAM Properties to measure productivity and evaluate KPIs.



REPORTING

Dynamic Sales Reporting: We developed detailed, dynamic sales reports that filter by area, nationality, and property type, offering in-depth insights to inform targeted sales strategies and market segmentation efforts.



IFRS 16

IFRS 16 Amortization Model: As part of our commitment to compliance and industry standards, we implemented a bespoke IFRS 16 amortization model to manage office lease obligations. This model enables FAM Properties to track lease payments and amortize them in compliance with IFRS 16 regulations, ensuring financial accuracy and regulatory alignment.



FIXED ASSETS

Fixed Asset Tag Generation: To streamline asset management, we built a tag generation feature for fixed assets. This feature allows FAM Properties to easily track and manage assets, enhancing operational visibility and control over fixed resources.

This cutting-edge Odoo implementation enables FAM Properties to drive efficiency, maintain compliance, and gain actionable insights, making their operations more streamlined and data-driven.