Enhancing Financial Management for Rivur

Enhancing Financial Management for Rivur

Enhancing Financial Management for Rivur

Web systems for very large construction projects: budgeting, contracting, invoicing and forecasting.

Web systems for very large construction projects: budgeting, contracting, invoicing and forecasting.

Client

Rivur

Industry

Fintech

Engagement

Web development

Technologies

Ruby on Rails, Stimulus

Rivur Streamlined
rivur-logo-white

Web development

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About the client

Who is 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.

01 · The challenge

Optimizing financial workflow for Rivur

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The existing manual processes and outdated systems were inadequate for their needs.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.

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02 · What we did

Services provided by MagmaLabs

Staff augmentation

Staff augmentation

A full-time engineer was dedicated to resolving ongoing requirements, and expertise.

Bottleneck analysis

Bottleneck analysis

Identifying and addressing potential system bottlenecks to enhance performance.

Consulting

Consulting

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

Component development

Component development

Implementing new design patterns and developing custom components to meet evolving needs.

Integrations

Integrations

Automated integrations with M3 and implemented Intacct from scratch, transforming manual processes into efficient, streamlined financial management solutions for Rivur.

03 · The solution

Developing an advanced financial management system

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.

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

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

max-ellerhorst

Max Ellerhorst COO at Rivur

04 · The outcome

Streamlined financial operations and improved performance

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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Flow, the MagmaLabs rocket mascot, flying forward

Have a product that needs to ship right?

Have a product that needs to ship right?

Have a product that needs to ship right?

Tell us what you are building. On the first call we will tell you which team fits, and what it costs.

Nearshore, your timezone

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From $8,500 / eng / mo

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NDA on request