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Developer
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McLaren engaged fu3e to provide clear oversight of their projects, standardised evaluations, real-time tracking, and integration with Xero.

Building a Legacy of Exceptional Homes

Customer: McLaren

Location: London

Organisation size: (2,000-3,000 employees)

Sector: Real Estate Developer

Capabilities: Management, Delivery, Partnership

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Challenge.
Solution.
Projects

The business faced several challenges that hindered its operational efficiency. The growing number of projects lacked visibility into their original appraisals versus the latest updates due to the absence of a central access point.

Inconsistent information formats heightened the risk of errors, eroding trust in submitted data as time became increasingly valuable.

 

Additionally, manual invoice processing suffered from a lack of a defined approval workflow, creating disconnection among the development, finance, and accounts departments. This culminated in a time-consuming process for compiling information needed for board reports.

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Description

fu3e provided a comprehensive solution that addressed these challenges through process automation, real-time data access, and custom integration with financial software.

  • Implemented a standardised appraisal format for live access to original versus latest project updates, reducing errors and enhancing trust in data.

  • Established a clear approval process to streamline manual invoice processing between development, finance, and accounts departments.

  • Developed a custom-built API linking fu3e and Xero for automated invoice submission from the development team, allowing for efficient approvals from finance.

  • Enabled timely payments to drive cash flows and budgets within the month, improving overall financial operations.

Description

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Results.

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The new system has transformed the invoice approval and tracking process, providing the development team with significantly improved accessibility to historical invoices and a structured overview of appraisals.

 

Key benefits include streamlined tracking of appraisals over time, enabling more insightful comparisons of cost trends and development values. This functionality supports accountability by helping identify and address cost increases, such as unexpected rises in Net Development Value (NDV) alongside construction cost changes.

 

Additional improvements include centralising documentation, reducing time spent on board reports, and securely logging signed-off budgets for future reference.

 

Overall, this enhanced structure provides a solid foundation for future efficiency gains.

Partnering with fu3e has enabled us to create custom reports that significantly enhance our workflow processes, improve efficiency, and provide exceptional control over development costs. This collaboration is an indispensable asset for our operations.

James McMillan

Group Financial Controller, McLaren

Partnering with fu3e has enabled us to create custom reports that significantly enhance our workflow processes, improve efficiency, and provide exceptional control over development costs. This collaboration is an indispensable asset for our operations.
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James McMillan

Group Financial Controller, McLaren

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