Novo Banco's Innovative Mobile App for Real Estate Asset Management
Company Size
1,000+
Region
- Europe
Country
- Portugal
Product
- MicroStrategy Mobile
- Transaction Services app
Tech Stack
- Mobile App Development
- Business Intelligence (BI)
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Customer Satisfaction
- Productivity Improvements
Technology Category
- Analytics & Modeling - Big Data Analytics
- Functional Applications - Remote Monitoring & Control Systems
Applicable Industries
- Finance & Insurance
Applicable Functions
- Field Services
- Sales & Marketing
Use Cases
- Predictive Maintenance
- Real-Time Location System (RTLS)
- Remote Asset Management
Services
- Software Design & Engineering Services
- System Integration
About The Customer
Novo Banco, headquartered in Lisbon, is the largest privately-held Portuguese bank. Established in 1920, it has grown to nearly 10,000 employees and operates in 24 countries across four continents. Within Portugal, it is the largest integrated financial group with 479 locations. Novo Banco is highly rated by Standard and Poor’s and Moody’s and is the most profitable bank in Portugal, with a revenue of 2.320 billion in 2010.
The Challenge
Due to the sovereign debt crisis, Novo Banco acquired a large volume of real estate assets. Managing these assets was challenging as field sales managers had to use multiple tools to access pictures, details, and financial data. This fragmented approach was inefficient and time-consuming, necessitating a more streamlined and centralized solution.
The Solution
Novo Banco collaborated with MicroStrategy to develop a Transaction Services app. This mobile app allows managers to monitor and interact with real estate assets, providing a centralized platform for various tasks. The app includes features like a portfolio section, contact management, scheduling, workflow management, and dashboards. It enables managers to create new contacts, schedule tasks, provide meeting feedback, and present proposals for approval. The app's photo widget allows browsing property pictures on a mobile tablet, enhancing mobility and efficiency.
Operational Impact
Quantitative Benefit
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