By Amanda Marsh

To better optimize revenue and profits, as well as cut costs, especially as the economy tightens, more and more commercial real estate firms are turning to technology. Gathering and analyzing data are often difficult and time-consuming tasks, but several new software options are making them simpler, easier and faster.

Investment Management
Intuit Real Estate Solutions’ new IMPACT application helps clients analyze the effect an acquisition or sale would have on a total portfolio, show the impacts that past decisions have had on the client’s business, create instant custom reports to share with investors and leaders and manage the life cycle and all components of asset valuation and performance, including debt, equity, cash flow and ownership in historical, current and future time frames.

“It helps the client make a better buy-or-sell decision… and (determine) what the net effect and benefit will be for the company,” said global real estate director Graham Tasman. The software also offers instantaneous access to variables that would have taken one to five people to produce, representing “hundreds of thousands of dollars” in productivity gains.