Upcoming Webinar explores how leading companies utilize IDX to overcome information barriers in managing real estate investments.
Boston, MA (PRWEB) May 12, 2008 -- Utilizing the newly released Investment Data Exchange (IDX) 2.0, real estate investment companies are now able to overcome one of the most daunting barriers facing the industry--the consolidation of information from the myriad of sources to provide decision makers with a clear and complete picture of the investments they manage.
To make informed decisions, real estate investment managers require information from multiple sources, including in-house systems, operating partners, and third party property management systems. "Some of the companies we work with have over a dozen different systems they need to pull information from," explains Jeff Blasbalg, Director of Product Management for Resolve's Request data warehouse and business intelligence solution.
Using spreadsheets to consolidate these disparate data sources is a labor intensive and error-prone process that stands in the way of timely decision making and breaks down as funds grow in size and portfolios get more complex.
The Request real estate investment data warehouse and business intelligence platform serves as a single, corporate-wide source that enables organizations to provide decision makers with timely and reliable information. IDX 2.0 is part of the Request data warehouse platform, included at no extra charge to customers using Request version 3.4 and above.
A Scalable Way to Integrate Real Estate Investment Data
The IDX enables the integration of data from any source, using a standard yet flexible framework that ensures scalability, compatibility, and ease of maintenance. Future upgrades of any of the systems involved--either the source systems or the Request data warehouse--require no IDX code modifications or changes to the underlying database stored procedures.
Ensuring Data Integrity
Upon populating the information into the Request data warehouse, the IDX checks the data to ensure information entering the system is valid according to rules that can be specified for each data source and type. Data that does not conform to the rules is flagged and reported so it can be corrected in the originating system.
Code-Less, Configurable, Fully Upgradable Data Warehouse Extensions
The IDX provides a friendly user interface that enables users to add new data sources, tables, and fields--allowing companies to extend the Request data warehouse to accommodate their unique data requirements without writing any lines of code.
Empowering Customers and Partners
As a standard, documented, and upgradable framework for data integration, the IDX can be used by customers and integration partners to easily and independently implement, modify, and extend the Request data warehouse and its data feeds.
"Using the IDX, we are able to help our clients get segregated data out of separate systems into a common repository with standard definitions, and do it efficiently and effectively," says Tama Huang, President of NOI Strategies, a Resolve implementation partner. "The data validation capabilities provided by the IDX have proven to be extremely valuable in building quality control into the information consolidation process."
More Information in an Upcoming Webinar
Additional details about the IDX and real-life example of how it helps leading real estate investment companies address the critical issues of information consolidation and data integrity will be presented at a web seminar with speakers from NOI Strategies and Resolve Technology.
The free web seminar will be held Thursday May 15th at 2pm EDT. Registration is available at http://www.resolvetech.com/resources/webinars/resolve-idx-webinar-registration/
About Resolve Technology
Capitalizing on in-depth understanding of the unique processes of managing real estate investments, Resolve Technology provides business intelligence, reporting, and decision support solutions that optimize the ongoing management of real estate investment portfolios and ultimately deliver higher returns to investors.
Resolve's solutions automate data collection from disparate sources to present reliable up-to-date information to decision makers throughout the organization. Providing integrated information, analysis, and optimization tools, Resolve removes the reliance on spreadsheets--enabling real estate investment managers to evaluate changing market conditions and respond in a timely manner.
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 2 billion square feet of real estate worth more than half a trillion dollars. Customers include Behringer Harvard, General Growth Properties, Glenborough, Kimco Realty Corporation, LaSalle Investment Management, Prudential Real Estate Investors, Principal Global Investors, State Street Bank and Trust, and UBS. Founded in 1990, Resolve is headquartered in Boston, Massachusetts. For more information visit www.resolvetech.com.
All companies and products listed herein are trademarks or registered trademarks of their respective holders.
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Source: PRWeb: Business Real Estate
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