|By Marketwired .||
|June 30, 2014 07:55 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/30/14 -- Editors Note: There is a photo and a video associated with this press release.
A survey from Cougar Software conducted amongst visitors to the Realcomm 2014 Conference in Las Vegas Nevada last week revealed that nearly 80% of attendees are looking for a cloud solution to access their real estate data. 79% of respondents see the value in implementing a financial modeling solution to help them make better decisions faster, and 58% are still using Excel to model their financial data.
"Although the numbers are still fairly high, the good news is they are down almost 10% from last year which means organizations are moving in the right direction, albeit slowly, when it comes to managing their real estate data," said Oren Rosen, CEO, Cougar Software.
The research, conducted for the second year in a row by Cougar Software, the leading provider of financial modeling solutions for real estate investors, also revealed that 67% of respondents confirmed that they are not confident that their in-house departments are collaborating effectively on the budgeting process. Compared to last year, confidence levels have dropped a staggering 20%.
Cougar addresses these issues with:
1. Cougar's recent launch of onePlace, where real estate investors can access their data in the cloud and have the power to share information, making the commercial real estate industry more open and connected. 2. Cougar's sophisticated calculation engine completely eliminates the need for financial modeling in Excel, eliminating version control issues and enabling users to easily update, change, and compare models with a press of a button. 3. Cougar's highly acclaimed budgeting, forecasting, and valuation software 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.
About Cougar Software
Founded in 1992 and serving clients worldwide, Cougar Software provides the only financial modeling solutions real estate investors need for budgeting, planning and forecasting. 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.
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