Over the past six years, Bauwise adoption at EIKA Development has grown tenfold and now supports projects worth more than €300 million.
For EIKA Development, managing costs across multiple active construction sites means controlling hundreds of subcontractors and thousands of purchase invoices with precision. As the portfolio grew, spreadsheet-based cost planning made visibility harder, forecasts more vulnerable to human error, and project teams spent hours reconciling data for monthly coordination meetings and financial reports.
In 2019, EIKA Development replaced spreadsheets and manual data processing with Bauwise, giving project teams one unified platform that connects finance, project management and decision making. With current financial data available across developments, teams reduced repeated checks, follow-up meetings and report preparation. Digital Applications for Payment and the Subcontractor portal followed, allowing subcontractors to submit work acts directly through Bauwise and standardizing progress reporting across projects.
50% fewer monthly project meetings thanks to real-time financial visibility
5× faster access to up-to-date financial data
30% less time spent preparing reports by project teams
Country
Lithuania
Operating since
1993
Firm type
Developer
Industry
Residential, Commercial, Industrial, Infrastructure
Webpage
EIKA Development is a real estate management company with 30+ years of experience, which successfully develops residential, commercial, civic projects and other types of infrastructure. Presently, the company has 20+ projects in design or construction phase and administers more than 20 buildings with 280+ lessees.
Bauwise equips construction CEOs with an automated cost management tool to maintain financial control, efficiency, and profitability across expanding portfolios. The cost management software links budgets, forecasts, contracts, and purchase orders in one system, enforcing approval workflows that preserve budget integrity and accuracy. Chief Executive Officers gain real-time visibility into consolidated portfolio performance, safeguarding project continuity, automating reporting, and simplifying construction portfolio management.
Bauwise provides an automated cost management solution for construction CFOs to obtain timely, verified financial data for cash flow and refinancing decisions. The software consolidates construction budgets, contracts, purchase orders, change orders, invoices, and Applications for Payment into a unified data source, ensuring all figures are validated, traceable, and audit-ready before reaching financial statements. Chief Financial Officers can track contingency budgets and risk reserves, gain visibility into liquidity, flag budget overruns early, and forecast portfolio-level cash flow.
Bauwise helps Construction Managers and Division Managers ensure all construction project costs are reported and accounted for, using an automated construction cost management tool. The software tracks linked budgets, contracts, purchase orders, and change orders, so every commitment is recorded, allocated, and tied to the correct project and cost code. Construction and Division Managers can leverage automated purchase invoice and Application for Payment validation rules with audit trails, compare planned versus actual costs in real time, and monitor division-level performance across projects.
Bauwise supports Construction Quantity Surveyors with an automated cost management solution to plan and manage full cycle construction costs — from forecasting and tendering to variation valuations and reporting. The software reconciles interim valuations, change orders, and actual costs in real time, updating forecasts and Estimate at Completion (EAC) automatically once costs are approved. It generates RFQs and tender packages, standardizes bids formats, and applies approval workflows. Links approved variations to their related contracts and cost codes, calculating their budget, commitments and EAC impact.
We’ve got your questions covered. If you can’t find the answer you’re looking for below, feel free to contact us.
Yes. You can import existing budgets, commitments, and actuals into Bauwise and pick up from where the project currently stands. Our team will support you in mapping the data and configuring the platform to match your ongoing workflows—no need to start from scratch. This enables you to continue the project without delays or the need to manually rework existing data.
Yes. We support flexible coding systems that allow you to import budgets using several options, including basic copy and pasting, as well as Excel and CSV file uploads.
Yes. We support integrations with major accounting systems like Microsoft Dynamics 365 Business Central, Odoo, SAP, QuickBooks, Xero, and more. Our team has vast integration experience and can suggest options even for less common tools. We’ll review your accounting software setup to confirm the feasibility and configure the best-fit integration.
Yes. You don’t need to integrate an accounting system to use Bauwise. You can upload your general ledger transactions using an Excel spreadsheet—just drag and drop, and Bauwise will automatically link actuals to your budget, or take advantage of Bauwise’s invoice approval workflow, which generates the transactions internally from submitted invoices.
Yes. Bauwise enables you to split any project into multiple subprojects—by construction phase, client budget, buildings, or cost categories—while maintaining a comprehensive and unified project dashboard. Bauwise consolidated dashboard displays cost forecasts, profitability, actuals, construction progress, and margin deviations across all subprojects.
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