Analytical controlling is used to support business decision-making processes based on reliable data. As the real estate industry is responsible for significant financial amounts and considerable risks, the timeliness and quality of the available data plays a business-critical role.
KRE Group
The KRE//GROUP was founded in 2005 by CEO Lars Krakat with headquarters in Bamberg and currently employs over 100 people.
From the outset, the strategic focus was on project development and portfolio management of retail properties with a focus on food retail. KRE develops sustainable value by refurbishing and repositioning food retail properties. The refurbishment usually takes place during the tenant's ongoing operations without any significant loss of rent.
Analytical controlling strengthens growth
This concept for success requires sophisticated management of the properties under management as well as detailed knowledge of the key figures of the markets, the properties and the key financial figures.
This is where we came in and supported the design and implementation of the cross-system integration of processes, data, key figures and the development of the analytical reporting system.
The analysis and reporting model designed with Microsoft Power BI supports
- Key figure-based management of the portfolio
- Timely and fact-based decisions
- Consistent process and data chains
The KRE Group is continuously developing and, with this step, is creating a foundation for the further digitalization of non-value-adding processes in order to generate attractive returns for investors in its core business.
What is analytical controlling used for in the construction industry?
Analytical controlling in the construction industry refers to the use of analytical methods and tools to plan, monitor and control the construction and building process. It enables companies in the construction industry to collect, analyze and interpret data in order to make decisions and optimize processes.
Here are some of the most important aspects of analytical controlling in the construction industry:
- Cost control: Analytical controlling in the construction industry involves monitoring and analyzing costs. This includes planning and monitoring the budget, monitoring cost variances and looking for ways to reduce costs.
- Performance controlling: Analytical controlling in the construction industry also includes performance controlling. This involves monitoring and analyzing schedules, project progress and performance. It enables companies to monitor and control the progress of projects to ensure that they stay on schedule and achieve their goals.
- Risk management: Analytical controlling in the construction industry also includes risk management. This involves the identification and analysis of risks in the construction process and the development of measures to minimize risks.
- Quality control: Analytical controlling in the construction industry also includes monitoring and analyzing the quality of construction products and services. This includes the monitoring of quality standards and the development of measures to improve quality.
- Decision support: Analytical controlling in the construction industry supports companies in their decision-making by providing data and analyses that make decisions more informed.
To summarize, analytical controlling in the construction industry is an important aspect of effectively planning, monitoring and controlling the construction process. It enables companies to control costs, monitor performance, manage risks, improve quality and make more informed decisions.
