CASE STUDY

BRAND BERGER: Transparent Financial Reporting

Alasco comes into play für the consultants at Brand Berger when it comes to tracking costs and making sure projects are sticking to their budget.

Headquarters
Munich, Germany
type
Real Estate Consultant
size
11-50
focus area
Living, Commercial
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Alasco’s data reliability plays a key role in BRAND BERGER’s decisions when it comes to amendments and risk.

The challenge

Cost-effective, quality work that gets done on time: As external consultants from BRAND BERGER, Toni Ser and Sophie Peter see to it that building projects are completed the right way as they interface between the building contractors, planners, and companies performing the actual construction. One of their many jobs is to answer as completely as possible all questions that come up about the entire life cycle of a property. This demands a high level of transparency and clarity. “We’re all sitting in the same boat. The building contractor, surveyor, planner, all the way to property and facility management. If one of those parties isn’t able to work the right way, the final result doesn’t turn out well,” says Toni Ser.

Properly evaluating planning changes and risks and anticipating their impact on the project budget is something Sophie Peter and Toni Ser do every business day. This includes evaluating claims and checking invoices. “We had been talking for a while about getting a new programme to track costs. Before that, we had always done it with an Excel file,” says Sophie Peter. Toni Ser recalls doing monthly reports for clients, which involved a very time-consuming check of all the spreadsheets, and then asking someone else to have a second look in the hope of locating any errors.

The solution

As one of its first customers, BRAND BERGER enjoys an intensive cooperation with Alasco to the present day as they optimise the software’s features and structure to allow it to perform even better. As Toni Ser puts it, “That’s where we really saw what feedback is all about. It’s not something where you just leave a comment or two. You use it instead to generate a detailed question.” The Alasco software lets him spend less time creating his monthly report. And even more importantly: “We save all kinds of time when we pull in the same direction. That lets us invest more of our capacity in the things that really matter.”

The outcome

Sophie Peter uses Alasco for her project primarily for tracking costs and making sure projects are sticking to their budget. “When I’m using Alasco, I know that my invoices are filed the right way, the invoice amounts are right, and that any budget changes have been taken care of.” Its reliable data allows quick decisions whenever amendments or potential risks pop up. It’s right in line with creating value and promoting collaboration – two key principles at BRAND BERGER.

About the company

BRAND BERGER GmbH & Co. KG consults institutional and private investors, banks, insurance companies, construction firms, and portfolios on real estate matters ranging from inception to completion. They furthermore specialise in project management and controlling, as well as technical due diligence sales and acquisition consultation.

“With Alasco, I know that my invoices are filed the right way, the invoice amounts are right, and that any budget changes have been taken care of.”

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