Real Estate Investment Managers Challenged to Make Timely and Informed Decisions Due to Antiquated Reporting, Resolve Survey Shows

Survey Shows Reports' Inaccuracies, Latency, Lack of Analytical Capabilities Hinder Ability to Access Meaningful Information in a Timely Manner

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend

Needham, MA (PRWEB) August 18, 2009

A survey of commercial real estate investment managers reveals major challenges related to the collection and delivery of timely, accurate, and meaningful information to decision makers. According to the survey, these shortcomings result in difficulties and failures to make timely and informed decisions, consequently compromising business results and increasing risk.

Based on responses from over 70 industry representatives, an overwhelming majority of real estate investment managers still relies on print and static electronic formats that provide decision makers with little or no analytical capabilities. In addition, data collection and reporting processes are heavily manual, resulting in major challenges related to the time and effort involved in creating reports as well as ensuring data accuracy, consistency, and completeness.

Survey respondents cited reports accuracy, timeliness, and clarity of presentation as the most important to business success. At the same time, these attributes were at the bottom of the list in terms of respondents' satisfaction given the current state of their reporting capabilities.

Survey results further show that with data collection and report creation predominantly manual, the information is often outdated by the time a report is completed and distributed. As a result, it is often too late to take corrective action by the time this information reaches the appropriate decision makers.

"The survey paints an alarming picture of the inability of the industry to adequately process information and make timely decisions based on accurate data and solid analysis," says Eric Forman, Resolve Technology's President and CEO. "Without timely and accurate information, the organization is not as agile and aware as it should be. Ultimately, it leads to poor business decisions, suboptimal investment performance, and overexposure to risk."

"The good news," adds Forman, "is that correcting this situation is completely in the hands of these organizations. We have solutions that already help many of the leaders in the industry overcome these challenges and ensure the timeliness, integrity, and visibility of investment information."

The complete survey results are available for download on the Resolve website at http://www.resolvetech.com/resources/surveys/2009%2Dreporting%2Dsurvey%2Dsignup%2Dpr/

About Resolve Technology

Resolve helps institutional real estate investors and investment managers make timely and informed decisions that maximize returns and minimize risk. Resolve's solutions ensure the timeliness, integrity, and visibility of investment information, enabling historical and forward-looking analysis to be performed with insight, confidence, and speed that cannot be achieved with the traditional manual, spreadsheet-intensive processes.

Resolve's products are used by the world's leading advisory and investment management firms, REIT's, life insurance, pension fund, and banking institutions, managing over two billion square feet of real estate worth more than half a trillion dollars. Customers include Behringer Harvard, Glenborough, LaSalle Investment Management, Prudential Real Estate Investors, Principal Global Investors, and UBS. Founded in 1990, Resolve is headquartered in Needham, Massachusetts.

For more information, visit http://www.resolvetech.com.

All companies and products listed herein are trademarks or registered trademarks of their respective holders.

###


Contact