According to KPMG, only 31% of commercial real estate projects have come within 10% of budget in recent years. Leverage data, visibility and early warning systems to more proactively reduce risks.
Harness Northspyre's early warning system as your primary day-to-day management tool for highly effective project decision-makers. Understand where your project is headed in 3, 6, and 18 months into the future.
Northspyre Co-Pilot is your intelligent digital project assistant. It is constantly combing through your project looking for industry best practice next steps and actionable insights.
Identify trends, challenges and opportunities in real-time with project and portfolio dashboards that act as a window into what is happening across your development team.
What is Northspyre?
Northspyre is a cloud-based intelligence platform that harnesses the power of automation and data analytics to: simplify workflows, save valuable time, eliminate inefficiencies, identify cost-saving opportunities, generate key actionable insights and increase visibility into project metrics . Northspyre was designed and built specifically for real estate professionals who run complex, budget-driven projects: developers, asset managers, project management firms, internal real estate teams at institutions and corporations, etc. It is not construction manager software force-fitted to real estate owners like many options currently on the market.
Who does it serve?
We work with leading owners, developers, project management firms (or owner's reps) as well as internal corporate and institutional real estate teams. Our clients manage a wide breadth of project sizes (budgets from $100K – $500MM+) and types, including, but not limited to: ground-up developments, multifamily, mixed-use, industrial, retail + office fit-outs, corporations, and museums.
How is it different than what's already on the market?
Most software systems move the work you were doing in spreadsheets into the cloud or a desktop application... but you still have to do all the time-consuming work like data entry and putting together monthly cost reports. Northspyre takes things a step further by eliminating entire workflows by leveraging the power of automation, while using its intelligence to proactively comb through your project data and offer critical insights and actionable next steps - keeping you on schedule and within budget.
When should I bring Northspyre into a project?
We recommend looping Northspyre into your project at the very beginning - when you are planning, designing and getting the necessary entitlements. Most real estate teams pay close attention to the construction schedule once ground-break happens BUT many delays actually happen before a project even starts due to bottleneck decision-making.
For example, if a project lead is busy working on requisitions, they may fall a day behind in releasing an RFP for demolition contractors or in filing permit paperwork. Losing even just 1-3 workdays every month for a year can cause a project to fall 1-2 months behind schedule - and that's before you've even started construction. Northspyre can help with that.
Project already underway? We make it super easy by porting over all of your existing data from spreadsheets or ledgers (whatever you have) into Northspyre. You just keep running your project and, over the course of 2-10 business days, we'll handle everything on the back-end. We'll also do a peer review to identify any errors or discrepancies -- we often find inconsistencies in spreadsheets that clients were completely unaware of previously.
How does the pricing work? Are there long-term contracts? What about hidden fees?
Our pricing is tailored for each different customer segment and our clients’ individual project needs. For frame of reference: pricing can be monthly, based on license tiers for multiple projects in an organization, etc. We'll make it work for your business model. Just ask.
And there are no hidden fees. We are completely transparent and work with you to make sure you know understand exactly what you are getting when you sign up.