by Mark Sigal
Datex Delivers Crazy Return on Investment for Real Estate Portfolios
Real estate professionals in the retail, multifamily, and mixed-use spaces face a challenge. Their skilled management can move the needle, but bad data, lack of coordination across departments, and inescapable turnover often hinder this team effort. A team without shared insights and repeatable processes will always leave money on the table.
After all, each incremental dollar of rent or expense yields a cap-rate multiplier, fortifies net operating income, and ensures optimal occupancy and durability of the asset. Given that, execution is everything and depends on strong coordination across your leasing, property management, asset management, execs, accounting, and marketing functions.
That’s good in concept, but in practice, many companies still struggle with silos between departments. Thousands of files clutter shared drives, and multiple spreadsheet versions create confusion and mistakes (we call this “Excel hell”). Contextual information gets lost or requires ridiculous spelunking through emails. The net effect is inefficiency, inconsistency, and the need to throw more human labor at problems that systems can solve.
There is a better way. Datex has been innovating with commercial real estate (CRE) leaders for over 20 years to create a platform that offers best-in-class reporting, a single source of truth for your entire team, and automation that provides scale and repeatability.
The Genius Is Already in Your Data!
The data in property management and accounting systems such as MRI, Yardi, and RealPage may represent the most underutilized asset in CRE. When cleaned and normalized (like a lovely building), this data can provide profound insights to your team and allow you to reduce reporting time to clients, partners, and investors by as much as 50%. The key is cleaning your data, organizing it around the needs of CRE, and making it available to everyone on your team.
That’s why Datex developed its Test Drive program. We analyze and normalize your MRI or Yardi data to ensure it is structured as a single source of truth. We then offer you an unprecedented opportunity to allow your entire team to interact with our best-in-class system with your data. This means that your team gains access to over 100 insightful reports, actionable dashboards, and automation that will transform how your team works and works together. And, with full training and support available in Test Drive, you’re guaranteed to discover the real power in your data and your team.
Use It, Don’t Lose It
Over 90% of Datex clients have active users across departments, demonstrating the power of shared insights. Clients such as Vestar, NewMark Merrill, and Weitzman have found that they can cut their monthly reporting costs in half and reduce errors by 40% while growing their portfolios. On average, this produces savings of over $1 million per year!
Acadia Realty Trust, Global Net Lease, Wheeler, and market-leading retail real estate investment trusts have all found that four to six departments of their companies use Datex daily, fundamentally changing how they run their businesses.
Over the years, we have learned that common tasks undertaken by CRE portfolio owners can be standardized and automated. That is why Datex automates deal pipeline tracking, customer relationship management, lease approval, income budgeting, monthly reporting to stakeholders, and lease compliance tracking. This predictably produces a greater return on assets, all while reducing risk and improving your team’s satisfaction.
Datex is proud of our capabilities: a library of over 100 best practice-based dynamic reports, automation that covers deal flow, leasing funnels and expirations, and reporting automation that transforms operations. And, with ad hoc reporting tools, we extend unprecedented access to and usability of your MRI or Yardi data. All questions are better answered with Datex.
Datex’s superpower empowers your team to make better decisions in less time. Get everyone on the same page with best-in-class insights, and you will transform your business with Datex.
Datex and REdirect: Working in Partnership
REdirect is proud to work with Datex Property Solutions. This market-leading real estate portfolio management system deeply integrates with your MRI Software or Yardi data to deliver actionable monthly and quarterly reporting, intelligent automation, including lease application and approval automation, and data-driven insights with portfolio, financial, Open AR, and retail analytics.
To learn more about the services that REdirect and Datex can provide and how they can take your real estate business to the next level, please contact us.