"By using Vela Systems we were able to automate our due diligence activities and save time during our deal evaluation. It’s a new and better way of working."

- Joe Lubeck, CEO, Landmark Residential

"We found the Vela Software and tablet system to be a dramatic improvement in our due diligence process over paper inspection forms. It assisted us by streamlining the unit inspections, providing real-time daily progress analysis and comprehensive financial reporting on a building by building, individual item or property wide basis."

- James A. Knights, CPM, Property Manager, New Boston Fund, Inc. & New Boston Management Services, Inc.
Download our Real Estate Developers, Owners and Operators mobile software suite overview >>

How Can We Help You?

To find out how Vela Systems can help you save time, reduce risk and increase profitability...

CLICK HERE

Vela Mobile Software for Real Estate Developers, Owners and Operators

The Vela Systems mobile software suite enables Developers, Owners, and Operators to:

  • Increase deal flow by reducing the time required to conduct comprehensive due diligence activities
  • Drive due diligence accuracy to improve capital budgeting
  • Manage the broad spectrum of tasks critical to a development project
  • Accelerate new construction closeout, handover and retrofit processes.
  • Manage risk by ensuring consistent quality audits across property locations

Vela Systems accomplishes this by empowering Real Estate Developers, Owners and Operators with the benefits of mobile technologies. Here’s how:

Today

Real Estate Developers, Owners and Operators use paper forms on clipboards to conduct property inspections throughout the lifecycle of a building, from up-front due diligence activities through to handover to the tenant.

With VELA SYSTEMS

Real Estate Developers, Owners and Operators field personnel replace their clipboards with a mobile computer (e.g., Tablet PC) and use the Vela Systems software modules shown below to automate and streamline all administration field processes.




Vela Systems Software ModulesReal Estate Developers, Owners and Operators All modules also contain:VelaFile™ File Synchronization
Knowledge Management Library

Benefits and Selected Features

  • Improve speed of executing and analyzing due diligence
    • Due diligence module templates include pre-formatted questionnaires for field inspection of interiors, exteriors, amenities and mechanical plant.
    • Built in repair and replacement cost calculators automatically generate capital budgets after completing the diligence.
    • Lease Audit forms automate time-consuming data collection and integrate with diligence inspection information to generate capital budgets.
  • Reduce errors and gauge risk in management of ongoing development
    • Vela Development Task tracking module manages field and back-office development actions, generates automatic risk metric reports.
  • Gain personnel efficiency and accelerate project delivery
    • Eliminate time-consuming and error-prone manual transcription/retyping of field reports, punchlists, subcontractor slips and other key field information.
    • Deliver electronic documents, such as contract documents and drawings, to the field automatically to reduce trips back to the trailer or office.
    • Enable all parties to access information instantly on the site via VelaTags™, minimizing communication lags.
  • Improve client service levels
    • Generate automatic reports for clients and project teams instantly after completing a field inspection, improving client service levels.
    • Track field issues through statuses and ‘sign offs’ to ensure thorough management of all client’s issues.
  • Improve visibility of job quality and lower risk exposure
    • Tabulate electronic field and safety reports automatically, to provide a real-time and ‘real-data’ dashboard on job quality, risk and exposure.
    • Generate accurate cost and analytics reports automatically, e.g. cost recovery by sub-contractor and by date.
  • Speed up closings and improve customer satisfaction
    • Conduct owner/tenant punchlist electronically with Vela Handover/Customer service modules to streamline closings for the customer service team.

>> Click Here for more information on the Vela Systems Solution.