Nykredit Real Estate structures the data gathering from 280 franchise businesses
Nykredit Real Estate is the subsidiary of Nykredit and consist of two real estate agencies: Nybolig, which has 200 real estates and Estate with 80 real estates. The two real estate use the concept from Nykredit Real Estate and pays a franchise fee regarding their earnings.
The Toolpack 365 group solution ensure that financial figures can be gathered from various accounts and presented for Nykredit Real Estate and the individual real estate businesses.
Nykredit Real Estate changed their ERP system to the cloud-based solution e-conomic and wanted to automatize the financial data from the real estate businesses.
“Toolpack 365 was the solution we needed to gather and structure the data from our real estate businesses in a central solution. The solution gives us the insight to analyze, measure and adjust to data” explains Jens Albert Lassen, CFO at Nykredit Real Estate.
Consolidated data creates a centralized overall view and analysis
The 280 real estate businesses book on various accounts, and the challenge was to form an overall view across the businesses. This was partially for Nykredit Real Estate to get insights of the turnover in the individual businesses but also to gather all data across businesses and form a generic view in order to analyze the figures.
Controllable data across the businesses
“The Toolpack 365 solution also control of the financial figures across the businesses, so we are always sure of valid data and reconciliation. At the same time, the single real estate owner has access to own data,” Jens Albert Lassen explains and continues:
Automated data gathering and visual presentation with Power BI
“When we at Nykredit Real Estate changed the ERP system to the cloud-based e-conomic, we choose Toolpack Solutions to conduct the data gathering, i.a. because Toolpack 365 has its own cloud-based solution and can automatize and handle the data gathering. It gives us a powerful and instant insight of the franchises settlement amount.”
“Initially the task was to gather all sales data, here the royalty income from the businesses and Toolpack Solutions was prompt at understanding what this solution should imply. Afterwards we got an introduction to how to present the data in Power BI that are available for our franchise users. I have to say that I’m really pleased with the solutions I get from Toolpack Solutions,” concludes Jens Albert Lassen, CFO at Nykredit Real Estate.
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