|By Marketwired .||
|June 17, 2013 08:05 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/17/13 -- A survey, conducted amongst visitors to the Realcomm Conference in Orlando Florida last week revealed that 47% of attendees are shooting in the dark when it comes to making financial decisions that affect their entire portfolio, and a staggering 90% of respondents see the value in implementing a financial modeling solution to help them make better decisions faster.
The research, conducted by Cougar, the provider of budgeting, planning and forecasting solutions exclusive to the Real Estate Industry, also revealed that 45% of respondents confirmed that they still use Microsoft Excel to crunch their financial numbers.
"Tracking down the correct number when your worksheet cell displays '#VALUE!' can be a very frustrating experience, and can result in inaccurate numbers," says Oren Rosen, CEO, Cougar. "So I'm not surprised that our research reveals that this financial savvy audience is still not 100% confident in the accuracy of their budget numbers."
"The talk around the Real Estate water cooler nowadays is all about collaboration and our research shows that 42% of respondents are not confident that their internal departments can easily collaborate on the budget process."
Cougar addresses many of these issues:
-- Cougar's integrated solution keeps all the information in one place, enabling a quick analysis of how changes to a particular property can impact the performance of an entire portfolio or even just a subset thereof. -- Cougar's highly acclaimed budgeting, forecasting and valuation solution supports an annual or multi-year budget process, a view into multi-level debt, and an unlimited forecasting horizon. All this information rolls up into dashboards which enable Managers to easily shape strategic decisions using sophisticated financial modeling.
Founded in 1992 and serving clients worldwide, Cougar provides the only financial modeling tools the Real Estate industry needs for budgeting, planning and forecasting processes. Cougar's integrated solution keeps all the information in one place, enabling a quick analysis of data across all, or a subset of properties, investments, portfolios or funds. Cougar counts among its customers several of the world's leading property management and investment companies, pension plans and REITs. Cougar is a privately held company with offices in Canada, Australia, the United Kingdom and the U.S.A. For additional information visit: www.cougarsoftware.com