Northspyre Software
1 Review 3/5 ★ ★ ★ ★ ★An all-inclusive platform for real estate project teams to manage complex projects.
Product Overview
Northspyre is a cloud-based real estate development software designed to help developers achieve more predictable outcomes on complex projects. It is tailored to the specific needs of owners, developers, project management firms, and internal corporate/institutional real estate teams. Key features include data analytics for vendor management, project trend analysis, cost forecasting, and centralized document storage.Pros
- Predictive analytics
- Automatically generates investor reports
- Notifies users about potential exposures, spend forecasting, and remaining contingencies
- Includes a powerful search feature
Cons
- Not flexible enough for enterprise-level accounting or financing
- Limited filtering options for the Inbox
- Pricing details unavailable from the developer
Target Market
Real estate developers, project management firms, and internal teams, from startups and freelancers to large enterprises and non-profit organizations.Video Overview
Features
- Budget Alerts and Opportunities: Includes an Anticipated Cost Report that tracks various aspects of project finances, including contingency, variance, available funds, cost per square foot, and acquisition costs.
- Actionable Analytics: All data is tagged and indexed, making it easy for users to search across contracts, proposals, and change orders.
- Audit Trail: The software maintains an audit trail, which is crucial for tracking changes and maintaining accountability.
- Monthly Cost Reports: Users can use existing email workflows to generate accurate monthly cost reports, taking little to no manual work.
- Automation Tools: Manages administrative tasks like data uploads and document management across the entire portfolio. The software helps users automatically generate investor reports, stakeholder links, and draw requests.
Northspyre Users
- Real Estate Development Firms
- Owner’s Reps
- Commercial Real Estate Owners
- Corporate Real Estate Teams
- Institutional Real Estate Teams
Product Overview
Developer Overview
User Reviews of Northspyre
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Anonymous
Overall
★★★★★
Features
★★★★★
A good fit for contractors and field people
February 16th, 2023
• Product Experience: 2+ years
• Role: End User
The proudct is a good fit for contractors and field people but is not flexible enough to easily translate back to an accountant or financial minded person. The job costing and coding was not at the level we needed and did not seem developed enough to handle the needs of a more enterprise land developer.
