Fanicon Technologies Private Limited

In their own words

Construction Projects tend to be large with lots of moving parts, labor, material & schedule constraints. Multiple stakeholders are working together on the field. Organizations and industries worldwide have embraced digital transformation and are bringing innovations into their businesses, However, the construction industry has yet to fully reap the benefits of digitization. We are still doing things the old-fashioned way. Most of the information flow on the field happens using manual slips or paperwork. It takes a lot of time and is inefficient as most of the data is manually entered in excel or ERP systems. Manual work means human error and approximation Most companies that are getting data or MIS from the field are getting it at least two weeks later. After the payroll is processed and progress and production are manually calculated. You see, if something has gone wrong it will come a month later into your notice when it is already too late. To Tackle this problem we have developed a solution. A next-generation platform for end-to-end project collaboration and management.A smart cloud-based data collection and analytics platform for all Construction project management activities in real-time. This system effortlessly does almost all your reporting and analytics work, including forecasting, material request planning, and reconciliation. The conventional way of working requires multiple times reworking for various analyses and reports, whereas with collab everything is available with the click of a button. As a value proposition, Colab provides idiot-proof granular Data Collection with effective collaboration, automatic contractor and supplier billing, Transparency, Honesty Alarm, E.V.M, Artificial intelligence & pocket bim capabilities. We tested our prototype in 24 running projects of Omaxe ltd, one of Indias' leading Real Estate developer. And were successfully able to automate several processes, reports along with a saving of Rs 1.7 Cr Annually

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