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May 31, 2024
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Also interested. What features did Northspyre have that you found useful?
I think their data analytics, projected spending was interesting. For example, they had historical data on how the project was spend over the duration so when you project out your bell curve for the next project - you have comp. data. They still have GMPs, contracts, PCOs, etc. like Procore but seems to be a better interface.
I'm also interested - I demoed the software but it was pretty expensive on a project-by-project basis (something like ~$12-15K a year) so our principals decided not to pull the trigger (which I think could be a mistake in the long run). The ability to pull data from uploaded contracts/change orders/pay apps seemed like a huge time savings along the cash flow projection tool. I also demoed another software rabbit that was a lot cheaper but seemed to be a little less robust.
I haven't used Procore as an owner - is there is decent software suite for developers? I know that Northspyre is actually meant for developers vs. Procore being used primarily as a GC tool.
Bumping this, was recently taken through their demo and most interesting piece to me was their data analysis tools, so many developers have an abundance of historical data that isn't properly utilized when projecting costs. Has anyone tried Northspyre and found success? Also definitely pricey (was quoted at $1,000-1,200/mo) per project, which decreases on a marginal basis as your unit count/number of deals increase with them.
Did you end up going with them?
demo'd northspyre. I dont know why I got the impression that it seemed like they want to steal all your data.
Hah I asked about this, "what do you do with all that data?". The founder is a developer (maybe former) so got that impression too.
Bumping this. Anyone have any thoughts on or experience using Northspyre? Have a demo scheduled for next week. I'm getting quoted similar rates as mentioned above, $12-15k annually per project assuming 5 projects.
What size are your projects? Curious bc they keep trying to set up a demo w us as well
All 350+ unit multifamily with an average total cap of ~$130M+
Did a demo recently and I actually think it’s robust. Can anyone vouch for it? I am looking to possibly get setup on this to help us track our development projects. Need to bite the bullet on providing them all our data
Is there any new feedback on Northspyre? I've had an initial conversation, and I'm about to set up a demo. We are a developer, and we're considering Procore, but my thought is Northspyre is geared toward the developer where as Procore is geared towards the GC. The Northspyre rep that did the intro call was underwhelming, so I've put off the demo, but I'm about to circle back to it next week.
Had a demo recently. Looks robust but def $$$. Deciding between them and Rabbet
We are a developer and I got as far as negotiating pricing but at the end of the day I couldnt make the benefits over rule the cost. We were getting quoted (after negotiating and EOY cost savings) at around $11K for just one 20 unit condo deal. I was also concerned (maybe unjustified) about the data aspect - makes me hesitate pumping all of that into their hands. Any updates on anyone's experience who has pulled the trigger and has had major success to outweigh the cost? How's your data privacy?
went through entire process with them. way too costly. rabbet is better
Weird that no one on here has made it past the demo.
My last company implemented Northspyre across all of their projects, probably around 30-40 nationally. I never had a chance to really get fully into it and explore since I left about 6 months after we fully adopted it. I remember not liking it at all, it was difficult to find accounting reports and historical invoices to backcheck things, and the platform looked like it had a ton of functionality that just ultimately was overkill. I don't need a system where I input every single cost adjustment to every budget line, I can manage most of that on my own in Excel, I just needed a good software to track, review and approve invoices.
But maybe with more time I'd get used to it and appreciate it more, it just felt like a lot of software for a relatively simple use.
Rabbet is better
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