The PROPERTY spoke to Dennis Kasch, regional manager for Yardi, to discuss the world of real estate and the crucial role fund and asset managers play in ensuring smooth operations and maximising ROI for stakeholders.
Can you explain the importance of efficient reporting and how technology helps enhance these processes?
Efficient reporting is vital in this industry because it bridges the gap between managers and investors. It provides the transparency and trust needed for strong relationships and helps streamline the way reports are generated and shared. This is essential for enhancing processes and ensuring that stakeholders have the information they need to make informed decisions. Investment management technology offers an end-to-end solution that allows fund and asset managers to tailor reports and dashboards to meet the specific requirements of their stakeholders. This personalisation ensures investors receive the most relevant information to their interests and goals, whether it’s detailed financial metrics or performance data. It also strengthens the value of the reports and increases stakeholders’ confidence in the data presented.
Historically, spreadsheets are used for investor reports – what are the challenges associated with this method and how does technology address them?
Excel-based reporting is time-consuming, prone to errors and often accumulated through multiple systems. With a single integrated solution, the process is completely automated. It eliminates human error and ensures data integrity. In a recent study from McKinsey, it stated that technology can improve efficiency and operational performance by up to 30%. This automation frees up time and resources, allowing managers to focus on strategic decision-making and portfolio optimisation. This technology offers scheduling capabilities, allowing managers to deliver reports promptly, whether monthly, quarterly, or on an ad hoc basis.
Flexibility in addressing stakeholders’ evolving needs is also important. How does technology facilitate this?
Investors often have diverse and evolving needs and asset managers must be flexible in addressing these. Advanced investment management platforms offer dynamic reporting capabilities, enabling managers to generate ad-hoc analyses and respond to queries in real-time. This flexibility shows a commitment to transparency and responsiveness, enhancing the quality of reporting and fostering more collaborative relationships with investors.
Accurate reporting is the foundation of informed decision-making. Can you elaborate on this?
Accurate reporting gives stakeholders a clear understanding of their investments’ performance and potential. Real-time insights allow asset managers to share data effectively, helping investors assess opportunities, identify trends and allocate resources strategically. Advanced reporting capabilities also enable asset managers to extract meaningful insights from large data volumes, which aids in market shift identification and informed recommendations. This data-driven approach supports accurate forecasting and risk assessment, ensuring long-term investment success.
Yardi’s technology plays a significant role in this industry, how does it contribute to building and maintaining strong investor relations?
Our Investment Suite provides a single source of truth and automates the entire real estate investment lifecycle. From investor to asset operations, our technology empowers managers to give investors timely access to portfolio and property metrics. By streamlining report publishing through an online investor portal, you can enhance transparency and improve communication. Our solutions not only improve asset performance but also equip managers with comprehensive performance insights for informed decision-making. Ultimately, these tools optimise operations and help achieve revenue goals.
First published in German in The PROPERTY Magazine – download the article.