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Coworking

How Bootstart saved $500,000 with a property management software

Bootstart is a coworking space and maanged office provider based in Pune and operating in Mumbai, Bangalore and Goa. They perform as an incubation centres and foster network building for start-ups and entrepreneurs.

Company

Bootstart

Location

Pune, India

Portfolio

Coworking

Scale

2000+ desks

Cost savings

$500,000

Challenge 1

Need for instant PMS solution

Instant need for a PMS

Bootstart were on the path of building their own coworking management solution. This took them much financing, and was still unequipped with many needed features.

MonkSpaces.Ai Solution

Instant office management solution

Our office management solution stepped in and provided an instant solution to Bootstart, at a much lesser cost and an instant set-up and onboarding to accompany their business needs.

Result

Savings generated by incorporating with MonkSpaces,Ai's office management software

$500,000

Challenge 2

Divided Ops Teams

Bootstart has over 15+ offices spread across four cities and needed a solution to track the teams deployed at each location.

MonkSpaces.Ai Solution

Team activity tracking system

Upon implementing our systems, Bootstart were able to upload data of all their team members and check activities they were up to, like maintenance tasks, handling of assets, and successful gate pass management.

Result

Efficiency in operations

190%

Coworking space

Challenge 3

Delayed financial reporting

Need for Real Time Financial Data

Having huge manpower as an asset, Bootstart would get weekly accounting reports which would delay decision-making.

MonkSpaces.Ai Solution

Real-time accounting integration with Zoho Books

Our systems integrated with Zoho Books, Bootstart's existing accounting system. This meant that managers could track accounting data in real time.

Result

Transparency in accounting, with less proneness to error

100% transparency

Challenge 4

Need for Customised Reports

Aside from Zoho Books, Bootstart also has other integrations like Zoho's CRM. They used these softwares to build customised reports used in their daily operations.

MonkSpaces.Ai Solution

Multiple integration capabilities

We gave Bootstart the choice to integrate with multiple other solutions as per their requirements, which would've been more difficult and time-consumimg on their pre-built system.

Result

Custom reports created at the time of launch

10+

Coworking space

Impact at a glance

$500k

Cost savings

190%

Operations efficiency

200 hours

Management bandwidth saved

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