Marcol

Marcol2018-03-26T08:31:06+00:00

Project Description

Marcol

About the company

Marcol has a successful 35-year track record of acquiring, financing and asset managing real estate throughout the UK and Europe and is known for its ability to create and realize maximum values through hands-on, active asset.

City and general part of the Marcol group manages and develops some 30 properties throughout the UK each property is operated as a separate legal entity now consisting of a large group of companies.

Marcol has continued to grow through the toughest of markets by quickly adapting to changing conditions and taking advantage of the opportunities they present.

The Group is well positioned to take advantage of current market conditions. Having successfully developed many relationships over the years, it is now being approached to assist banks and financial institutions in managing their distressed portfolios.

Challenges

  • The main purpose for considering additional software within the business was to improve the quality and ease of producing management and cash flow reporting from their integrated property system “Propman” by Grosvenor system. It wasn’t possible to use a standard report writer because of data structures in propman and the financial data is not in an easily convertible format. The Propman reports produce data in an excel format and data is then manipulated manually.
  • Other key issues were:
    1. The need to be able to apply journal amendments to the trial balance numbers and the cash flow.
    2. The need to calculate the cash movements for any pre-defined period and for any
    version.
    3. To be able to present a current version of the cash flow with any number of months actual data and any number of months
    rolling forecast data depending on the
    current month selected.

The Result

  • Infor PM10 has delivered the benefits of having a database in a spreadsheet which has meant Marcol have saved time in producing their monthly reports. They now have a system which will deliver key cash forecasting figures at a level which was not achievable at their own spreadsheet solution
  • They can now look forward to making use of the data they have collected in creating a business intelligence solution for the company.

Project Details

SOLUTION

Infor

PRODUCT

Infor PM10

APPLICATIONS

Management Reporting, P&L and Budgeting & Forecasting

INDUSTRY

Real Estate

“Infor PM10 has helped us improve the quality and ease of producing Management and Cash flow reporting.”

 

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