Sirin Development selected Microsoft Dynamics 365 Business Central with SOFT4RealEstate for business management

Client

Sirin Development is one of the largest logistics real estate developers in the Baltic region. Its activities include development and management of logistics centers, build-to-suit projects, acquisition and leasing of industrial real estate, and land development. Over more than 15 years of operation, the company has built and manages a substantial portfolio across Lithuania and Latvia. Sirin Development is also the only company from the Baltics included in the TOP 20 ranking of Europe’s largest logistics real estate developers by PropertyEU Magazine.

Challenge

Cost allocation to tenants was previously managed in Excel files, which became increasingly difficult to maintain over time and with staff changes. As the number of properties grew, so did the volume of data, leading to inefficiencies and misalignment between accounting and asset management teams. In some cases, processes were duplicated, such as recording purchase invoices and later reallocating them.

Business solution

To address these challenges, Sirin Development implemented Microsoft Dynamics 365 Business Central with the SOFT4RealEstate solution, enabling real estate management and accounting within a single system.

The following solutions were implemented for the client:

• Microsoft Dynamics 365 Business Central as the core business management system
• SOFT4RealEstate for real estate management
• Softera.Bankfeed for automated bank data import and reconciliation
• Softera.PAYROLL for payroll and HR management
• Cosmo data integration framework for data exchange
• Softera.E-sąskaita for invoice digitization

Client perspective

• What led to the decision to choose Business Central and SOFT4RealEstate?

According to Valdas Vosylius:

The key reason was the ability to manage real estate operations and accounting within a single system. This helped address complex process and integration challenges across different departments.

• What are the main benefits of this change?

According to Valdas Vosylius:

The main advantage of the system is the automation of recurring calculations. Working within a unified system has improved data control, reduced misalignment between accounting and asset management teams, and ensured continuity of know-how despite staff changes. All historical data is now centrally available and easily accessible.

• How do you evaluate collaboration with Softera?

According to Valdas Vosylius:

Collaboration with Softera is described as proactive and supportive. Despite the specific nature of Sirin Development’s business and non-standard requirements, the team consistently worked to provide guidance, share best practices, and find solutions with minimal system customization. It is also emphasized that the initial phase of the project is critical—clear explanation of system principles, user training, practical examples, and a strong understanding of business needs are essential for a smooth and successful implementation.