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fu3e streamlines McLaren's Property invoice processing and real-time data access.

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London, UK
2000+ Staff
Developer

Effortless efficiency: fu3e streamlines McLaren's property invoice processing and real-time data access.

Building a Legacy of Exceptional Homes

Customer: McLaren

Location: London

Organisation size: (20-30 employees)

Sector: Real Estate Developer

Capabilities: Management, Delivery, Partnership

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Results with fu3e

Increase

00%

annual audit volume

Time saving 

00%

of time completing

Data collected automatically

00% 

annual audit volume

Developments delivered
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£1.5BN
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31
Schemes
Schemes delivered 
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6,500
Beds/Units
Beds/Units
completed
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(9,500 beds) in major UK cities
£2Bn
Pipeline
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 Property

Challenge.

McLaren Property was experiencing operational challenges that impacted project management effectiveness, financial visibility and strategic decision-making capabilities across its expanding real estate portfolio.

 The main issues included:

  • Project Visibility: McLaren’s expanding portfolio exposed critical strategic limitations in project oversight, hindering cost tracking and comparative analysis between initial and latest appraisals.

  • Data Inconsistency: Variations in information formats heightened the risk of errors, impacting the reliability of the data.

  • Manual Invoice Processing: Invoices had to be manually inputted and processed through multiple teams, which was a time-intensive and resource-draining exercise. This caused delays in approvals and accessing the latest financial information impacting both development and finance teams.

​These issues led to a time-intensive process, making it difficult to access accurate, up-to-date information quickly for board reports and financial planning.

Solution.

fu3e provided a tailored solution to address McLaren Property’s specific operational challenges. Through process automation, real-time data access and custom integration, we helped streamline workflows and enhance visibility.

Key components included:

  • Standardised Appraisal Format: fu3e introduced a standardised format that allowed live access to both original and latest project appraisals, reducing chance of errors and improving data trust.

  • Clear Approval Workflow: An established approval process streamlined invoice processing, connecting the development, finance and accounts departments efficiently.

  • Custom API Integration with Xero: The custom-built API between fu3e and Xero enabled automated invoice submissions from the development team, allowing finance to approve efficiently.

  • Real-Time Data Access: fu3e provided live data on actual spend against cash flows and budgets, improving financial forecasting and planning.

Results.

The implementation of fu3e’s system has significantly enhanced McLaren Property’s operational and financial processes, yielding measurable outcomes:

  • Automated Invoice Processing: The development team now benefits from immediate access to invoices and a well-defined structure for tracking appraisals, promoting accountability across projects.

  • Access to Live Cost Vs Budget: Streamlined tracking processes enabled real time access to cost expenditure, identifying key trends over time and promoting proactive decision making. 

  • Time Savings: Significantly reduced time to prepare reports across both project and portfolios allowing more time to be focused on strategic decision making.

fu3e’s solution has established a robust operational foundation for McLaren Property, driving continued efficiency gains and equipping the organisation to make well-informed decisions in support of future growth.

Challenge.

Description

McLaren Property was experiencing operational challenges that impacted project management effectiveness, financial visibility and strategic decision-making capabilities across its expanding real estate portfolio.

 The main issues included:

  • Project Visibility: McLaren’s expanding portfolio exposed critical strategic limitations in project oversight, hindering cost tracking and comparative analysis between initial and latest appraisals.

  • Data Inconsistency: Variations in information formats heightened the risk of errors, impacting the reliability of the data.

  • Manual Invoice Processing: Invoices had to be manually inputted and processed through multiple teams, which was a time-intensive and resource-draining exercise. This caused delays in approvals and accessing the latest financial information impacting both development and finance teams.

​These issues led to a time-intensive process, making it difficult to access accurate, up-to-date information quickly for board reports and financial planning.

Solution.

Description

fu3e provided a tailored solution to address McLaren Property’s specific operational challenges. Through process automation, real-time data access and custom integration, we helped streamline workflows and enhance visibility.

Key components included:

  • Standardised Appraisal Format: fu3e introduced a standardised format that allowed live access to both original and latest project appraisals, reducing chance of errors and improving data trust.

  • Clear Approval Workflow: An established approval process streamlined invoice processing, connecting the development, finance and accounts departments efficiently.

  • Custom API Integration with Xero: The custom-built API between fu3e and Xero enabled automated invoice submissions from the development team, allowing finance to approve efficiently.

  • Real-Time Data Access: fu3e provided live data on actual spend against cash flows and budgets, improving financial forecasting and planning.

Results.

Description

The implementation of fu3e’s system has significantly enhanced McLaren Property’s operational and financial processes, yielding measurable outcomes:

  • Automated Invoice Processing: The development team now benefits from immediate access to invoices and a well-defined structure for tracking appraisals, promoting accountability across projects.

  • Access to Live Cost Vs Budget: Streamlined tracking processes enabled real time access to cost expenditure, identifying key trends over time and promoting proactive decision making. 

  • Time Savings: Significantly reduced time to prepare reports across both project and portfolios allowing more time to be focused on strategic decision making.

fu3e’s solution has established a robust operational foundation for McLaren Property, driving continued efficiency gains and equipping the organisation to make well-informed decisions in support of future growth.

Key Benefits.

  • Reduced Errors and Increased Data Trust: Consistent information formats and real-time access to project updates.

  • Automated Financial Approvals: Efficient invoice submission and approval processes.

  • Enhanced data-driven Budgeting and Forecasting: Access to live financial data.

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 Property

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