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Text Content

 
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HomeBusiness ServicesReal EstateNote for Approval (NFA) – Systematic approval
process.


NOTE FOR APPROVAL (NFA) – SYSTEMATIC APPROVAL PROCESS.REAL ESTATE

Companies were looking for a platform where they are not only able to track the
cost, manage the rule-based approval process, track the different stages of
approval, built in SLA for approval to avoid delays, generation of reports as
per the management requirement on project stages.

Companies facing difficulties in tracking project cost approval for various
stages, not able to find the history of approval, feedback given by approver,
what were the other competitors cost for the services, captured strength and
weaknesses of the participating vendor and almost impossible to go back into the
approval history of any finished projects.




CHALLENGE

In the Real Estate and Construction Industry there are lot of POs raised during
the span of the project. The real estate companies find it difficult to keep
track of the approval hierarchy of the Approval notes raised, work awarded to
which vendor and on what basis and the commitment made by them. The companies
are handling the vendor selection and issuance of PO manually which may lead to
huge mistakes due to non-availability of complete data in front of the
management about the previous deliverables of that vendor. Sometime the Real
estate company face difficulty in finding the finer points of the contracts as
it is not available digitally. There is non-systematic approval system which
leads to error and time consuming. The manual way of managing these documents
make it more complicated and sometime the cost also increases due to
un-organized way of managing. Our client was also facing the issue while
tracking the ongoing projects




SOLUTION

Comm-IT, bring out combination of emerging advanced Microsoft technologies and
business processes with a feasible analysis on the approval process.

To make it simpler a web-based approach was considered using SharePoint O365
supported by powerful workflow process using Power Automate. The solution was
easily accessible to all the users with inbuilt security of access of who can
access what. The workflow engine was used to enable the approved hierarchy and
business rule for approving a particular item authorise to approve. The
digitalization brings in the complete transparency to the management about the
participating vendors, there work history with the organisation.

In the absence of any approving authority, the task can be delegated to other
team member. The system is designed in such a way that it is collaborative and
involve all the stakeholders to actively participate in the projects by
recording their feedback about any vendor services before raising the POs for
him






BENEFITS

 * Tracking of ongoing projects POs under approval .
 * Secure, confidential, easy to use
 * Less cost and less time consuming.
 * Systematic approval and managing of documents.
 * Access to past project’s details.
 * Generate document no. series for searching
 * Delegate to level (Reassign) option for an approver.
 * Multiple attachments
 * Generates a consolidated PDF file regarding approval notes on Final Approval
 * Query Management
 * Configurable in a manner that notification will be sent to all the approvers
   or to the next level approver only.
 * If there is no action against any approval notes within certain defined
   hours, then system will send reminder mail to all approvers with the status
   as a reminder to them and it will also be sent to next level approver.
 * Reminder mails for pending NFA to the approvers based on the configured SLA
   in the system.
 * Once any approver rejects the approval note then all the below respective
   approvers will be notified about it.
 * 




TECHNOLOGIES USED

 * O 365 – E3 license (SharePoint online).
 * Power Automation (workflow).
 * SharePoint designer 2013.




SCALABILITY OPTION

 * Integrate into COMM-IT’s Digital Workstation.
 * Integrate With O365 & Microsoft Team.
 * Extend on MS Power Platform – With MS Flow and Power BI.
 * Extend on Mobile Device with Power Apps.




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long-standing dedication has established it as a trusted provider of global IT
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