Nominated for the prestigious Digital Impact Award — presented to four outstanding individuals who have consistently demonstrated tenacity and persistence in promoting technological innovation in our industry
Chicago, June 2, 2011 – Each year, Realcomm honors those individuals, companies, projects, and solutions that have demonstrated the most innovative use of technology and automation in the commercial and corporate real estate industries with the distinguished Digie Award. This year’s award winners will be announced on Tuesday, June 14 during the Realcomm 2011 conference in Orlando. The award ceremony will be held at 6:30pm on Center Stage in the Expo Hall.
See www.realcomm.com for more information.
2010 Finance & Accounting Outsourcing (FAO) Market Star Performers on Everest PEAK Matrix: Focus on TCS.
Chicago, May 17, 2011 – Everest Research recently released its latest FAO Annual Report, which provides a comprehensive analysis of the 2010 FAO market across size and growth, buyer adoption, contract characteristics, and service provider landscape.
As a part of the study, Everest updated its classification of 20+ FAO service providers on the Everest Performance | Experience | Ability | Knowledge (PEAK) Matrix for FAO into leaders, major contenders, and emerging players. The PEAK Matrix is a framework that provides an objective, data-driven, and comparative assessment of FAO service providers based on their absolute market success and capability. Everest also identified five service providers as the “2010 FAO Market Star Performers based on the relative movement of 20+ FAO service providers on the Everest PEAK Matrix from 2009 to 2010.
Based on the analysis, TCS emerged as a 2010 Star Performer strengthening its position in the FAO market. This report focuses on TCS’ FAO experience, capabilities, and key accomplishments — including its recent partnership with NOI.
Click here to read the report.
by Tama Huang, Executive Partner, NOI Strategies
Somewhere along the way over the last couple of years, while no one was looking, it seems that someone took the liberty of anointing property management systems with the moniker ‘ERP’. Wishful thinking? Perhaps. Synonymous? Not exactly.
When one thinks of ERP, or Enterprise Resource Planning, some powerful words come to mind: All-encompassing, global, open, expansive, and yes, expensive.
By design, ERPs consolidate a variety of otherwise disparate systems and information into a common, highly integrated operating environment. ERP systems deliver big gains by helping to grow revenue, increase productivity, improve efficiency throughout the enterprise and better manage costs. Out of the box, they are localized to virtually every language, currency and global standard. They tie seamlessly with advanced collaboration, business intelligence and analytics tools, and with an ERP’s unified view of enterprise-wide information, executives can ultimately make better decisions about corporate objectives and strategies.
Sounds great, right? Unfortunately, what works so nicely for the rest of the business world doesn’t necessarily work for real estate. Continue reading
By Glenn P. Murray, Executive Director of NOI Strategies
MAXIMIZING THE FINANCIAL PERFORMANCE OF YOUR ‘OTHER’ ASSETS
Buildings aren’t the only growth assets managed by commercial real estate companies. They manage cash. And lot’s of it.
The Real Estate treasury management function is in many ways a business within a business. And like any other asset, treasury needs to be proactively managed, properly forecasted, and readily adapted to market changes in order to maximize its financial performance.
The commercial real estate industry collects over $485B in rent and other income transactions per year in the US alone.* Combine this with outbound cash flows and inter-company cash movements, then add up all of the operating, reserve, security deposit, and investment account balances, and you have an annual domestic real estate cash flow pool that easily tops $1T.
by Tamir Shafer, Managing Director, Treasury and Banking Services
Changing banks is painful. You know it and so does your bank. In fact, they count on it. But every relationship has its breaking point. Recent trends suggest that yours may be closer than you think.
In Economics 101, we learn about supply and demand, elasticity, and diminishing marginal utility. We also learn about the ease (or difficulty) with which one ‘product’ can be replaced with a similar ‘product’. This consumer decision is called ‘substitutability’, and the economics behind it drive decision making by all consumers.
Think Pepsi vs. Coke and imagine this scenario: you are a fanatical Pepsi drinker, its 95 degrees Fahrenheit (35 degrees Celsius) and you are at an outdoor mall. You are very thirsty, and a cold can of Pepsi is the cure to quench your thirst. In front of you are only two vending machines: Coke and Pepsi. If the price of a can of Pepsi was $0.25 more than Coke, which brand would you buy? Probably the Pepsi. What if it were $1 more? Or $5 more? At what price-point does Coke become a substitute for Pepsi? We’ll get back to this in a minute. Continue reading
The “Top 35 People to Watch” list is an annual recognition of those leaders in real estate technology who are not satisfied with the status quo and dare to do something about it. It’s not always easy to stand up and challenge “the way things have always been done” and suggest new, sometimes risky, alternatives. With the new paradigm shift towards automation and technology changing the way we manage and operate commercial and corporate real estate, it is the passion and commitment of these visionaries that will pave the way for future success…
FULL STORY …
Chicago, October 12, 2009– NOI Strategies, providing consulting, technology, and operational support services to the real estate industry, today announced that Tamir Shafer has joined as Managing Director of Treasury and Banking Services. Shafer is a 16-year veteran of corporate treasury and treasury operations with global investment firms including Goldman Sachs, Lehman Brothers, and Morgan Stanley. He most recently led the U.S. Fixed Income Client Services team at Goldman Sachs.
“NOI Strategies recognizes the importance of cash management, debt management and treasury processes in today’s financial environment,” said Glenn Murray, Founder and Chief Marketing Officer at NOI Strategies. “Tamir’s deep expertise will help real estate clients apply some of the same rigorous treasury and banking practices in-place at leading financial institutions. This includes the development of, and strict adherence to, a risk mitigation strategy associated with company-wide cash disbursements. ” Continue reading
Enables Customers of Yardi’s Voyager and Investment Management Solutions to Leverage World-Class Operations and Product Expertise Through a Single Service Provider
Chicago, June 1, 2009– NOI Strategies and HB Solutions announced today that the two companies have agreed to combine their respective resources to form a world-class consulting capability specializing in services for tier one customers of Yardi solutions. “We are excited to be able to bring the expertise of Howard Barash and the HB Solutions team to our clients. The industry has been calling out for implementation services that maximize the ROI of the Yardi applications. This void has now been filled” says Tama Huang, Founder and Chief Executive Officer at NOI Strategies. Continue reading