Optimizing Flexible Rental Agreements with Digital Solutions
https://sh.hicron.com/case-studies/simple-billing-for-thousands-of-tenants-with-one-application/
Case study

Optimizing Flexible Rental Agreements with Digital Solutions

80% faster calculating fees - from 30 to only 5 days
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The Business Challenge

  • Industry
    Commercial real estate

One of the strongest points of our client is flexible rental and leasing agreements with their customers. Customers can lease industry space for short periods, and change the size of space they are renting during the term of the contract – even a few times in a month. 

However, such flexibility comes with the price. It took a whole month for the client’s accountant to calculate the charge each customer of 24 logistic parks owned the company. All invoices and electricity and water charges needed to be divided between all tenants. What is more, there was a lot of charges that were simply hard to calculate – for example, payments for interior road lighting. Our client needed a digital solution that would not only perform complex calculations but also propose an optimal business approach to shared fees.

Our Solution

We developed an application that calculates how much each tenant should pay for the rented space and for in a given month. It does not only determinate the fee but also solves the problem with charging tenants for shared facilities.

Previously, the process took 30 days – during that time, employees were checking water and gas meters, gathered electricity bills, and then calculated the fees. Now the process takes no longer than 5 days – meters still have to be checked manually, but the calculations are being done in a fraction of time.

 

Benefits

The time to calculate monthly tenants fees got shortened by 80% – from 30 to only 5 days.

The process got much easier. Now the employee needs to only enter the data from meters and bills to the application – the rest is done by the software. 

Testimonials

What our partners say about us

Hicron’s contributions have been vital in making our product ready for commercialization. Their commitment to excellence, innovative solutions, and flexible approach were key factors in our successful collaboration.
I wholeheartedly recommend Hicron to any organization seeking a strategic long-term partnership, reliable and skilled partner for their technological needs.

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Günther Kalka
Managing Director, tantum sana GmbH

After carefully evaluating suppliers, we decided to try a new approach and start working with a near-shore software house. Cooperation with Hicron Software House was something different, and it turned out to be a great success that brought added value to our company.

With HICRON’s creative ideas and fresh perspective, we reached a new level of our core platform and achieved our business goals.

Many thanks for what you did so far; we are looking forward to more in future!

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Jan-Henrik Schulze
Head of Industrial Lines Development at HDI Group

Hicron is a partner who has provided excellent software development services. Their talented software engineers have a strong focus on collaboration and quality. They have helped us in achieving our goals across our cloud platforms at a good pace, without compromising on the quality of our services. Our partnership is professional and solution-focused!

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Phil Scott
Director of Software Delivery at NBS

The IT system supporting the work of retail outlets is the foundation of our business. The ability to optimize and adapt it to the needs of all entities in the PSA Group is of strategic importance and we consider it a step into the future. This project is a huge challenge: not only for us in terms of organization, but also for our partners – including Hicron – in terms of adapting the system to the needs and business models of PSA. Cooperation with Hicron consultants, taking into account their competences in the field of programming and processes specific to the automotive sector, gave us many reasons to be satisfied.

 

PSA Group - Wikipedia
Peter Windhöfel
IT Director At PSA Group Germany

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