SIRIN Development uses Bauwise to simplify construction budget management, improve financial transparency and reduce manual oversight across developments in Lithuania, Latvia and Estonia.
For SIRIN Development, managing construction budgets across a large logistics real estate portfolio requires reliable, timely and consistent financial information. Excel-based workflows made oversight more manual and prone to human error, creating friction in data handling, reporting and cross-project visibility. As the portfolio continues to expand across the Baltics, the team needed a centralised system that could reduce manual work, keep project data consistent and make budget information easier to access across active developments.
SIRIN Development chose Bauwise for its ease of use and strong fit with construction budgeting practices in the Baltic states. Project teams can enter budget data easily, onboard quickly and work within a clear structure from day one. By standardising workflows and data entry across projects, Bauwise helps the team access accurate budget information faster and make better-informed decisions while improving transparency with contractors and maintaining full traceability throughout each project. The Microsoft Power BI integration further extends Bauwise’s functionality, allowing SIRIN Development to create custom reporting that support its internal processes.
Significant time saved by moving away from Excel-based workflows and reducing manual data handling
More reliable project data, with accurate reports available on time and easy to access
Clearer communication with contractors and full traceability of information across projects
Countries
Lithuania, Latvia, Estonia
Operating since
2006
Firm type
Long-term property owner, asset manager
Industry
Commercial, Industrial
Webpage
SIRIN Development is the largest logistics real estate developer in the Baltic States, operating 11 modern logistics parks across Kaunas, Vilnius, Riga, and Tallinn. The parks stand out for their strategic locations, sustainable and energy-efficient buildings, and the flexibility to tailor premises to specific business needs. Currently, SIRIN Development manages a portfolio of more than 500,000 square meters of logistics real estate and aims to expand it to 1 million square meters across the Baltic States by 2030.
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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