NEW ORLEANS, April 16, 2019 /PRNewswire-PRWeb/ -- Innovation at Related Cos.' just-opened Hudson Yards in New York City doesn't end with design and construction - Related is providing its more than 100 retail tenants in The Shops and Restaurants at the mixed-use complex with EXETER™ Retail DataHub, announced Kenneth S. Lamy, CRRP, CRX, founder and CEO of DataPoint International LLC (DPI). The EXETER data management platform is the industry's first digital solution dedicated to the reporting, analysis and benchmarking of all components of retail sales data.
"Adapting to a new technology is not easy and a challenge, but the EXETER team and our tenant advocates have worked closely to make sure retail tenants have a good experience," said Bryan Gaus, senior general manager, Hudson Yards Retail. "On our side, as other Related properties come on board, the comparative data sets and benchmarking will be even more useful."
Real data in real time can be accessed by the landlord's authorized representative via desktop, laptop, tablet or even smartphones over a secure connection.
"Everything about Hudson Yards is beyond state-of-the-art, so this grand opening was the perfect opportunity to institute the first data solution designed specifically for landlords and retail tenants," Lamy continued. "As it does with all our clients, EXETER will give Related executives real-time access to data they need, whenever they need it, in a convenient and customized format. With standardized, accurate data, transparency enables leasing teams to operate from a position of strength."
The EXETER platform is the result of extensive collaboration planning and research with property owners and managers, who have been clients of Lamy's 30-plus year CRE retail property and financial management consulting practice.
Until the creation of EXETER, an SaaS product, retail tenants from entrepreneurs to the most sophisticated international chains used antiquated, inconsistent methods to report monthly and annual sales to landlords, including email, phone calls, snail mail and faxing. EXETER establishes one standard system for collecting and certifying sales data from retailers and restaurant tenants.
Retailers submit data, including gross sales and any deductions or exclusions, as required by their leases to the property owner using the secure EXETER portal. Manual reporting and data entry are eliminated. On the landlord side, the real-time data, combined with the property's historical retail tenant data, create comprehensive management reports that provide actionable insight regarding the overall picture of a retail asset's health. EXETER produces multiple pre-built reports for landlords, divided by portfolio, property, merchandising category, retail tenant and even specialty leasing (pop-ups/temporary tenants), as well as customized reports from data integrated with the landlord's enterprise resource planning system (ERP, property management/accounting) software.
EXETER is available to landlords on a tiered subscription basis, with pricing varying by the services offered and the size of the CRE retail real estate asset. The service can be utilized by a single store property or multiple CRE retail assets. A unique feature that is attractive to retailers is that they can utilize EXETER to report sales for one or all of their stores to multiple landlords independently and seamlessly, saving substantial staff hours and costs previously allocated to this function.
Interested landlords and retailers can obtain more information at http://www.ExeterRetailDataHub.com or by calling 844-309-8191. Watch the 90-second video at http://www.ExeterRetailDataHub.com.
About Datapoint International
DataPoint International LLC, a New Orleans-based data and analytics company, has created a revolutionary, first-to-market, all-in-one and standardized web-based sales reporting technology product – EXETER™ Retail DataHub.
Leadership at DataPoint International draws strength from each team member's 20+ years of CRE retail real estate and retail experience: asset management, leasing, accounting/audit, operations, specialty leasing, lease administration, research, and marketing. http://www.ExeterRetailDataHub.com.
SOURCE Datapoint International
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