Enhancing Financial Management for Rivur

Who is Rivur?

Rivur operates in the construction industry with a focus on large-scale developments such as hotels and hospitals. Founded by an experienced architect, Rivur is a leading entity within "The Hardy Group," a prominent company in the construction of major infrastructures. 

Their mission is to innovate and lead in the development of condominiums and other substantial projects, making Rivur a pivotal player in the construction sector.

Client

Rivur

Industries

Commercial Real Estate

Technologies

Ruby on Rails, Stimulus

The Challenge

Optimizing financial workflow for Rivur

Rivur, a company deeply involved in large-scale construction projects, required a comprehensive solution to manage and streamline the financial flows of their significant undertakings. 

The existing manual processes and outdated systems were inadequate for their needs. Rivur needed a modern software solution to handle tasks such as cash flow control, error corrections, technology updates, and performance enhancements in an efficient and effective manner.

Services provided by MagmaLabs

  • Staff augmentation: A full-time engineer was dedicated to resolving ongoing requirements, providing consistent support and expertise.

  • Bottleneck analysis: Identifying and addressing potential system bottlenecks to enhance performance.

  • Consulting: Providing consultancy services to identify the best technological options for the implementation of new technologies.

  • Component development: Implementing new design patterns and developing custom components to meet evolving needs.

  • Integration and automation with accounting systems: Implementing and automating integrations with accounting systems such as M3 and Intacct. Initially, M3 was integrated manually by a Rivur partner, requiring substantial time and effort for execution. We automated this process, significantly reducing the time required and enhancing efficiency. Additionally, we implemented Intacct from scratch, resulting in a streamlined and more efficient financial management system for Rivur.

The Solution

Developing an advanced financial management system

MagmaLabs developed a sophisticated software solution tailored to Rivur’s specific requirements:

  1. Enhanced performance: By applying advanced loading patterns such as eager loading and lazy loading, response times were significantly reduced.

  2. User experience improvement: Transitioning from a simple list view to a more efficient spreadsheet view for budget management, allowing automatic updates without the need for multiple modals.

  3. Technology integration: Incorporating new technologies like Stimulus_Reflex to facilitate real-time data exchange and improve user interaction and data accuracy.

“(My Magma engineer) is awesome! Trustworthy and communicative. I love working with him.”

Max Ellerhorts COO at Rivur

The Outcome

Streamlined financial operations and improved performance

The implementation of the new system had a substantial impact on Rivur’s operations:

  1. Increased project registrations: The number of project records increased from 455 in 2019 to 632, indicating a significant boost in project engagement.

  2. Improved user experience: The transition to a spreadsheet view for budget management greatly reduced the number of steps required for users to make modifications, enhancing overall efficiency.

  3. Faster load times: The main dashboard’s load time was notably decreased, contributing to a smoother and more responsive user experience.

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MagmaLabs main logo

© MagmaLabs, 2024

MagmaLabs - West

10120 W Flamingo Rd

Ste 4-1027

Las Vegas NV USA 89147

MagmaLabs - Southeast

Atlanta Tech Village

3423 Piedmont Road NE

Atlanta GA USA

MagmaLabs - Colima

Av. V Carranza 1635, Planta Alta

Esmeralda

Colima COL MÉXICO C.P: 28017

MagmaLabs main logo

© MagmaLabs, 2024

MagmaLabs - West

10120 W Flamingo Rd

Ste 4-1027

Las Vegas NV USA 89147

MagmaLabs - Southeast

Atlanta Tech Village

3423 Piedmont Road NE

Atlanta GA USA

MagmaLabs - Colima

Av. V Carranza 1635, Planta Alta

Esmeralda

Colima COL MÉXICO C.P: 28017