Overcoming Financial Strain in IT Budgeting Tool Allocation
Platform
Industry
- Real Estate
Outcome
20%
Reduction in monthly IT costs.
30%
Improvement in budget tracking and allocation.
25%
Increase in operational efficiency and real-time adjustments.
Company Overview
Eagle Hills is a prominent real estate development company based in Abu Dhabi, known for creating large-scale mixed-use projects that enhance urban living. Established in 2014, it specializes in iconic properties across emerging markets, focusing on innovative design and sustainability. The company is recognized for flagship developments like Al Jada in Sharjah and Eagle Hills Diyar in Bahrain, aiming to contribute to regional economic growth while delivering exceptional value to its clients and stakeholders.
The Challenge
The client faced significant challenges in managing their IT budgeting tools, leading to financial strain and inefficiencies.
Outsourcing the IT Budgeting Tool
High monthly costs for outsourced IT budgeting tools strained the budget and limited flexibility in managing IT expenses.
High Subscription Costs
Expensive subscriptions made it difficult to fund other essential projects and investments.
Limited Customization
Outsourced tools lacked customization to meet the company's specific needs, often falling short of addressing particular budgeting requirements.
Vendor Dependency and Integration Issues
Relying on external vendors caused dependency problems and complicated integration with existing systems, leading to delays and inefficiencies in budget management.
The Solution
TechnoRUCS addressed these challenges by developing a customized in-house Budget Distribution Application.
1. Created a Budget Distribution Application: This app was tailored to the company’s specific needs, providing a more efficient budgeting solution.
2. Included OPEX and CAPEX Categories: The app featured categories for operational (OPEX) and capital expenditures (CAPEX) for better budget management, facilitating easier planning of financial operations.
1. Created a Budget Distribution Application: This app was tailored to the company’s specific needs, providing a more efficient budgeting solution.
2. Included OPEX and CAPEX Categories: The app featured categories for operational (OPEX) and capital expenditures (CAPEX) for better budget management, facilitating easier planning of financial operations.
3. Detailed Budget Tracking: The app tracked budget allocation, usage, and remaining funds, offering a clear financial overview and identifying areas for cost optimization.
4. Cost Savings for IT Tools:The in-house solution saved money by eliminating pricey subscriptions and reducing vendor dependency, allowing the savings to be redirected to other important areas, thus boosting overall efficiency.
4. Cost Savings for IT Tools:The in-house solution saved money by eliminating pricey subscriptions and reducing vendor dependency, allowing the savings to be redirected to other important areas, thus boosting overall efficiency.
The Benefits
Cost Reduction
Creating the in-house Budget Distribution App reduced monthly IT costs by eliminating expensive subscriptions and vendor dependency, allowing the client to allocate funds to other important projects.
Better Financial Oversight
Detailed tracking provided a clear financial overview, helping the client monitor budget allocation, usage, and remaining funds, resulting in better cost control and smarter financial decisions.
Enhanced Flexibility
The custom app addressed the client’s specific needs, offering flexibility and real-time adjustments that outsourced tools couldn’t provide, leading to more efficient budget management and operations.
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