Development Assets

Zavanti allows you to keep budgets against each estate and stage, and in the case of improvements this is against each estate, stage, project and improvement.

Budgets can be created from your Project Feasibility by importing your selected results from Zavanti Feasibility or you can copy budgets from other projects or use templates. Read more about our Project Estimating capabilities.

Zavanti provides enhanced forecasting capabilities. This allows users to see projected costs up to 10 years into the future on month-by-month reports, and highlights any discrepancies against budget.

Zavanti understands that you undertake and need to keep track of different types of developments. Stock Types may be used to define these different developments (i.e., a commercial site within a commercial precinct), or differing sizes of land, (e.g., High-density allotments, average or large allotments). They can also be used for subtotalling land and as selection criteria on the stock report.

Stock Types can be used within a Stock Category (e.g., the Category may be Residential, and the Type Large Block). However, your Stock Types are not limited to residing within a particular category – they may be used across all categories.

For reporting purposes, Zavanti will allow you to see profit and trading reports by different types of stock, and you will certainly want to see these figures by the type of land usage (for instance, Town House land as opposed to standard land).

Zavanti allows you to maintain Sales Status so you can define such things as processed sales, sales in field, contract exchanged, etc. This status is reflected in the Stock Listing, so you are always aware of your current sales progress.

Sales sources can be used for purposes such as determining which area/suburb a purchaser comes from. It can be useful for such things as market research, management reports etc.

The Funding capability within Zavanti ERP provides the capabilities to manage all facets of your development funding, from actual fund transactions (such as draw downs, interest and finance costs), to forecasting your requirements to complete the project.

Funding allows you to compare the balance of each facility with the corresponding bank account in your cash book. This enables you to prove the integrity of your funding facilities and, in turn, the cash book balance of your liabilities.

We recognise that the property development process can be complex with many entities involved. Zavanti has built-in key functions, such as Sales processing, Accounts Payable invoicing and the ability to create your intercompany loan journals to efficiently manage your group activities. The Accounts Payable Invoice function allows you to record the liability for the invoice to a supplier in company A, but to dissect the cost to a Company, Estate and Stage in company B.

It is the Inter Company Loan Sets that allow you to build the relationship between the companies and maintain the loan accounts.

Zavanti allows you to decide whether you want to use single or multiple cost of sales and/or management fee rules to calculate the Lot Cost of Sale. Zavanti automatically calculates and records cost of sales, greatly easing the process. Zavanti also handles the complexities of calculating GST on sales.