1. HERITAGE real estate Lets Talk Business
Group Members:
Alok Bari
Sayali Umbarkar
Abhijeet Shinde

2. System Request Project Sponsor: Steve Johnson, CEO
Organization: Heritage Real Estate
Phone:

3. Business model and background
Heritage Real Estate is a Houston based private real estate company
Been in business for last 10 years
About $40,000,000 annual sale
Currently employees 35 full-time and 83 agents
Very well established in the Houston’s real estate business

4. Business model and background (contd)
Company earns revenue from buying and selling properties
Current system is stand alone system and for limited users

5. Business Need
For expansion of company’s business analyst need various reports (Top producer, Market share) to make important decisions
Need to develop online system for growing users.
Need efficient system to handle day to day activities of agents
Need accurate financial reports for internal audit
Need accurate reports on agents performance to calculate correct commission
Need to maintain database

6. Business Requirement
Download data from various real estate boards like HAR, NTREIS, SABOR
Manage and translate data for internal use
Creation of online application for agents
Creation of convenient online application for user to search various properties
Providing various searching options (residential, farm and ranch, industrial, price range, city, zip code)
Providing interactive functionality like maps

7. Business Values (tangible)
Increase sales by 40% from $40,000,000 this year to $56,000,000 next year
Cut down on time spent on reports by 50%
40% reduction in overtime hours due to less paperwork

8. Business Values (intangible)
Improved agent relations, fast and easy access to hundreds of properties state wide
New system will allow us to concentrate on marketing campaigns which will help to generate more revenue in the future

9. Special Issues
The new system should be developed and installed by Jan2009
Agents and Employees will be trained on how to use the system to the fullest

10. Any Questions

11. Thank You