Enhancing Financial Management for Rivur
Who is Rivur?
Rivur operates in the construction industry with a focus on large-scale developments such as hotels and hospitals. Founded by an experienced architect, Rivur is a leading entity within "The Hardy Group," a prominent company in the construction of major infrastructures.
Their mission is to innovate and lead in the development of condominiums and other substantial projects, making Rivur a pivotal player in the construction sector.
Client
Rivur
Industries
Commercial Real Estate
Technologies
Ruby on Rails, Stimulus
The Challenge
Optimizing financial workflow for Rivur
Rivur, a company deeply involved in large-scale construction projects, required a comprehensive solution to manage and streamline the financial flows of their significant undertakings.
The existing manual processes and outdated systems were inadequate for their needs. Rivur needed a modern software solution to handle tasks such as cash flow control, error corrections, technology updates, and performance enhancements in an efficient and effective manner.
Services provided by MagmaLabs
Staff augmentation: A full-time engineer was dedicated to resolving ongoing requirements, providing consistent support and expertise.
Bottleneck analysis: Identifying and addressing potential system bottlenecks to enhance performance.
Consulting: Providing consultancy services to identify the best technological options for the implementation of new technologies.
Component development: Implementing new design patterns and developing custom components to meet evolving needs.
Integration and automation with accounting systems: Implementing and automating integrations with accounting systems such as M3 and Intacct. Initially, M3 was integrated manually by a Rivur partner, requiring substantial time and effort for execution. We automated this process, significantly reducing the time required and enhancing efficiency. Additionally, we implemented Intacct from scratch, resulting in a streamlined and more efficient financial management system for Rivur.
The Solution
Developing an advanced financial management system
MagmaLabs developed a sophisticated software solution tailored to Rivur’s specific requirements:
Enhanced performance: By applying advanced loading patterns such as eager loading and lazy loading, response times were significantly reduced.
User experience improvement: Transitioning from a simple list view to a more efficient spreadsheet view for budget management, allowing automatic updates without the need for multiple modals.
Technology integration: Incorporating new technologies like Stimulus_Reflex to facilitate real-time data exchange and improve user interaction and data accuracy.
“(My Magma engineer) is awesome! Trustworthy and communicative. I love working with him.”
Max Ellerhorst COO at Rivur
The Outcome
Streamlined financial operations and improved performance
The implementation of the new system had a substantial impact on Rivur’s operations:
Increased project registrations: The number of project records increased from 455 in 2019 to 632, indicating a significant boost in project engagement.
Improved user experience: The transition to a spreadsheet view for budget management greatly reduced the number of steps required for users to make modifications, enhancing overall efficiency.
Faster load times: The main dashboard’s load time was notably decreased, contributing to a smoother and more responsive user experience.
