According to the latest PwC’s CEO Survey, 81% of CEOs worldwide think digital technologies such as cloud computing, artificial intelligence and the internet of things will change their business over the next 5 years and beyond. In financial services, certain industries still need to catch up with this digital wave. For example, half of the assets under management (AuM) in real estate are managed manually, using spreadsheets.
With more pressure for higher return on investment (ROI), cost reduction and total expense ratios, fund managers are actively looking for reporting solutions to increase efficiency and decrease costs. immopac Luxembourg, a well-known software company on the Swiss and German real estate markets, and PwC Luxembourg, the largest audit and consulting firm in the Grand Duchy, have signed a business agreement to bring about an integrated Digital Platform for the Real Estate market.
This platform offers features such as full reporting, valuation, financial forecast and modelling, capex management and consolidation. The combination of immopac's software expertise with PwC's real estate network and global reach puts together an innovative and quick-to-market solution for a wide range of key real estate players with measurable impacts on operation and efficiency.Click here for the announcement.