|By Marketwired .||
|August 27, 2013 08:05 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 08/27/13 --
Editors Note: There is a photo and a video associated with this release.
Cougar Software, the provider of budgeting, planning and forecasting solutions exclusive to the Real Estate Industry recently presented to Commercial Real Estate (CRE) executives on Investment Management Technologies.
"One point that continuously stands out to me is that many CRE executives feel that they are ill equipped to meet the ad-hoc demands of their senior executives," says Oren Rosen, CEO Cougar Software. "The feeling is that there is a lack of both resources and training to meet rising expectations."
Senior executive demands seem reasonable enough when asking for more portfolio flexibility or enhanced portfolio productivity, but the major stumbling block is in the delivery, because the tool most favored by CRE professionals is Excel, which is not ideal in today's integrated business world.
To keep up with senior executive demands, organizations need a true financial modeling solution which should include the following ingredients:
-- First start with something similar to the integrated solutions of the 1990's, to house the data and integrate with other financial systems -- Then add in the ability not just to report on the current state of a portfolio, but also the ability to perform complex "what-if" scenario building and modeling -- Now sprinkle in a powerful analysis engine -- Next add in "a picture is worth a thousand words" graphical tool -- And finally, ensure that all personnel are trained thoroughly
To hear Mr. Rosen's entire presentation please visit: http://www.youtube.com/watch?v=1HyxnZjTgto.
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 any 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 USA. For additional information visit: www.cougarsoftware.com.
To view the video associated with this press release, please visit the following link: http://www.youtube.com/watch?v=1HyxnZjTgto.
To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20130826-CougarimageLG.jpg.