Case Studies Novo Banco's Innovative Mobile App for Real Estate Asset Management

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	Novo Banco's Innovative Mobile App for Real Estate Asset Management

Novo Banco's Innovative Mobile App for Real Estate Asset Management

Technology Category	Analytics & Modeling - Big Data Analytics Functional Applications - Remote Monitoring & Control Systems
Applicable Industries	Finance & Insurance
Applicable Functions	Field Services Sales & Marketing
Use Cases	Predictive Maintenance Real-Time Location System (RTLS) Remote Asset Management
Services	Software Design & Engineering Services System Integration
Challenge	Due to the sovereign debt crisis, Novo Banco acquired a large volume of real estate assets. Managing these assets was challenging as field sales managers had to use multiple tools to access pictures, details, and financial data. This fragmented approach was inefficient and time-consuming, necessitating a more streamlined and centralized solution. Read More
About Customer	Novo Banco, headquartered in Lisbon, is the largest privately-held Portuguese bank. Established in 1920, it has grown to nearly 10,000 employees and operates in 24 countries across four continents. Within Portugal, it is the largest integrated financial group with 479 locations. Novo Banco is highly rated by Standard and Poor’s and Moody’s and is the most profitable bank in Portugal, with a revenue of 2.320 billion in 2010. Read More
Solution	Novo Banco collaborated with MicroStrategy to develop a Transaction Services app. This mobile app allows managers to monitor and interact with real estate assets, providing a centralized platform for various tasks. The app includes features like a portfolio section, contact management, scheduling, workflow management, and dashboards. It enables managers to create new contacts, schedule tasks, provide meeting feedback, and present proposals for approval. The app's photo widget allows browsing property pictures on a mobile tablet, enhancing mobility and efficiency. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Big Data Analytics

Functional Applications - Remote Monitoring & Control Systems

Applicable Industries

Finance & Insurance

Applicable Functions

Field Services

Sales & Marketing

Use Cases

Predictive Maintenance

Real-Time Location System (RTLS)

Remote Asset Management

Services

Software Design & Engineering Services

System Integration

Challenge

Due to the sovereign debt crisis, Novo Banco acquired a large volume of real estate assets. Managing these assets was challenging as field sales managers had to use multiple tools to access pictures, details, and financial data. This fragmented approach was inefficient and time-consuming, necessitating a more streamlined and centralized solution.

About Customer

Novo Banco, headquartered in Lisbon, is the largest privately-held Portuguese bank. Established in 1920, it has grown to nearly 10,000 employees and operates in 24 countries across four continents. Within Portugal, it is the largest integrated financial group with 479 locations. Novo Banco is highly rated by Standard and Poor’s and Moody’s and is the most profitable bank in Portugal, with a revenue of 2.320 billion in 2010.

Solution

Novo Banco collaborated with MicroStrategy to develop a Transaction Services app. This mobile app allows managers to monitor and interact with real estate assets, providing a centralized platform for various tasks. The app includes features like a portfolio section, contact management, scheduling, workflow management, and dashboards. It enables managers to create new contacts, schedule tasks, provide meeting feedback, and present proposals for approval. The app's photo widget allows browsing property pictures on a mobile tablet, enhancing mobility and efficiency.

Impact #1	The app allows managers to complete deals on the go, saving time and money.
Impact #2	Field sales managers can access all necessary information via a mobile tablet, eliminating the need to visit the office.
Impact #3	The app's centralized platform streamlines various tasks, improving workflow efficiency.

Impact #1

The app allows managers to complete deals on the go, saving time and money.

Impact #2

Field sales managers can access all necessary information via a mobile tablet, eliminating the need to visit the office.

Impact #3

The app's centralized platform streamlines various tasks, improving workflow efficiency.

Benefit #1	Novo Banco's app paid for itself on the first day of use.

Benefit #1

Novo Banco's app paid for itself on the first day of use.

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Overview

Novo Banco's Innovative Mobile App for Real Estate Asset Management

Operational Impact

Quantitative Benefit