BANKS TRUST PROBIS FOR DIGITIZATION
- PROBIS offers banks a controlling platform for projects and deals
- Three international banks now use the software
- Controlling, Property Analysis and Valuation in the
Cloud Berlin/Starnberg, October 8, 2019: The cloud-based cost management software PROBIS is tailored to the special monitoring requirements of banks in the course of real estate financing and offers controls and a comparison of various different real estate projects in real-time. Data such as customer invoices and forecasts are automatically transferred to the PROBIS software, confirmed or adjusted by the monitor. Banks profit from the wide range of analysis tools and prepared invoice data records.
Photo courtesy of PROBIS Expert
Thus, the entire process is significantly simplified and accelerated, e.g. reviewing a loan request or checking a loan agreement. The different controllers work in parallel on the same data record and control user-defined according to equity, debt or refinancing capital. Marc Bonner, Director at Deutsche Pfandbriefbank AG (pbb): “We have been successfully using PROBIS for two years for construction monitoring via external construction monitors for cost monitoring, cash application control, and reporting.
The high measure of flexibility and adaptability to the most diverse deal and project structures are convincing and in addition, also permit continuous further development.” Monitoring real estate projects with the Project Clock reporting tool The Project Clock compares the target values of a loan-financed project with current actual conditions and automatically takes the project progress into account. It can thereby be flexibly adapted by the user him- or herself. The user retains control over indicators, such as the project traffic lights and the reference values of the target status over the entire course of the project. Moritz Koppe, Managing Director at emproc SYS, the developers of PROBIS:
“The Project Clock provides, among other things, information on the current status of rentals and sales. In addition, the planning status, the award status, and the current construction status can be displayed and calculated. Finally, the Project Clock provides information on the portion of the total budget already spent (cash out). The user thus has all relevant information on a project available at a glance.” PROBIS digitizes invoice checking Working with PROBIS completely digitizes the invoice checking process and makes it much faster. Banks can enter invoices (e.g. construction accounts), schedule data and accounting data via various interfaces. The controlling of customer data takes place in real-time. Robert Mühlstein, Managing Director at emproc SYS:
“A major advantage of PROBIS lies in the handling of invoice checking. The accounting department feeds the invoice into the system and automatically creates a new PROBIS data record. In parallel, the invoice is checked, the approvals are carried out directly in the system, passed on to third party systems and transferred to reporting.” PROBIS offers banks the possibility to compare the actual current values of a real estate project with indicative forecast values. Project Clock provides all relevant data in one display and enables the project status to be understood at a glance. PROBIS The controlling software PROBIS, for banks, project developers and project controllers, allows cost security and cost control at an early project stage and guarantees a resilient initial situation for project cost control, risk management, and budget planning.
The PROBIS software has been available to the real estate industry since its market launch in 2018. https://probis-expert.com/ emproc SYS Founded in 2014, emproc SYS has made a name for itself with its PropTech PROBIS as one of the leading quantity surveyors and experts for multi-project controlling in the real estate industry with public and private clients as well as banks. With up to 90 completed controlling projects per year and experience from major projects such as airports, hotels, football stadiums, and office buildings, the project controlling experts are regarded as reliable consultants by project developers, project controllers and banks. With the PROBIS controlling software developed in-house, emproc SYS offers the full range of services and considerably sets itself apart from its competitors.
For more information: