Hasheem Group Centralizes ERP and Real Estate Operations with NetSuite ERP & Propertese

Customer Success Story

Folio3 implemented NetSuite ERP with a multi-subsidiary structure and deployed Propertese to manage financials, real estate operations, facility workflows, and investment tracking for Hasheem Group.

Company

Hasheem Group

Company Size

51-100

Industry

Real Estate

Region

UAE

NetSuite Services

NetSuite ERP Implementation

All NetSuite Solutions and Modules

Propertese NetSuite OneWorld

Application replaced

About Hasheem Group

Dubai-based conglomerate operating across real estate, education, investment, and trading.
Operates under Hasheem Foundation with 5 subsidiaries.
Manages residential, commercial, and educational property portfolios.
Oversees operating businesses alongside equity investments.

Hasheem Group & NetSuite ERP

With NetSuite ERP and Propertese implementation, Hasheem Group:

Centralized financial operations across five subsidiaries within a single ERP environment.
Managed property leasing, tenant lifecycles, and facility operations using Propertese.
Handled tenant and vendor payments through post-dated cheque–based workflows.
Used NetSuite OneWorld to support the multi-subsidiary structure.

Summary

Hasheem Group operated multiple businesses using disconnected systems, which limited visibility across finance, property operations, and investments at a group level.

Folio3 implemented NetSuite ERP with a multi-subsidiary structure and deployed Propertese to manage leasing operations, tenant payments, facility management, and post-dated cheque workflows. NetSuite OneWorld was used to support the group’s subsidiary structure.

This implementation brought finance, real estate operations, and investment tracking into a single system aligned with the group’s operating model.

The Challenges

Hasheem Group operated across multiple subsidiaries but lacked a single system to manage group-level operations and financials.
Financial consolidation and inter-company visibility were handled manually, making oversight difficult.
Property management was handled outside the core ERP, creating gaps between leasing activity and financial records.
The leasing lifecycle was not managed end-to-end, limiting control over contracts, renewals, and terminations.
Tenant and vendor payments relied heavily on post-dated cheques, with no structured tracking of deposits, due dates, or bounced cheques.
Facility issues were handled without a centralized system for tracking requests, escalation, or resolution.
Investment commitments, payments, and balances were tracked outside the ERP, limiting financial control.

Solution

Hasheem Group partnered with Folio3 to implement NetSuite ERP with a multi-subsidiary structure and deploy Propertese for real estate operations.

The implementation focused on consolidating financial operations across subsidiaries and bringing property, payment, facility, and investment workflows into a single system.

Our implementation centered on:

Implemented NetSuite ERP with one virtual parent and five subsidiaries, enabling consolidated reporting with inter-company elimination in AED.
Deployed Propertese for real estate operations with an automated leasing lifecycle from lead to tenancy contract, including renewals and terminations.
Centralized post-dated cheque (PDC) management for tenants and vendors with tracking for due dates, deposits, and bounced cheques.
Implemented facility management with tenant- and property-linked cases, escalation workflows, and document attachments.
Built custom investment tracking using GL custom segments for commitments, payments, and balances.
Enabled investment performance reporting with realized and unrealized gain/loss visibility and period-end balance calculation.
Configured revenue recognition for rental contracts and implemented fixed asset management for foundation-owned properties.
Standardized core ERP processes including procure-to-pay, CRM pipeline tracking, trading inventory, and UAE VAT configuration.

Results

Hasheem Group now operates all subsidiaries within a single ERP environment, replacing fragmented financial systems.
Group-level financial consolidation and inter-company elimination are handled within NetSuite, removing manual consolidation effort.
Property leasing and tenant management are now centrally managed in Propertese and aligned with financial operations.
Tenant and vendor payments using post-dated cheques are now tracked with defined schedules, deposit status, and bounce handling.
Facility service requests are now logged, tracked, and linked directly to tenants and properties.
Investment commitments, payments, and balances are tracked within the ERP, providing structured investment oversight.
Rental revenue, fixed assets, and VAT reporting are handled through standardized accounting processes across all entities.