Integration between leading real estate collaboration and data solution providers delivers seamless input of deal data for investment analysis
Dealpath, the leading software solution for real estate investment and portfolio management, announced a new business partnership with ThoughtFocus, a premier technology and services provider. In this partnership, Dealpath will integrate the Deal Ingestion (DI) services of ThoughtFocus within the Dealpath platform for mutual customers, empowering the fast, accurate entry of valuable data for actionable insights that drive investment and portfolio decisions.
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“It’s become clear that having fast, accurate data extraction and transformation at scale is a core part of the investment management business. We’re excited and see a natural fit partnering with Dealpath to enable our shared clients to exceed their business goals.”
Real estate investment firms face a major challenge handling the sheer volume of data now available, and heavy friction transferring it into required formats. Hundreds and thousands of investment flyers, offering memorandums, and email must be curated and abstracted in order to evaluate investment opportunities. These manual, repetitive tasks are time consuming and error prone, not to mention often procrastinated on. It’s a problem well suited for ThoughtFocus, as they have specialists in deal ingestion who use automation tools for fast and accurate deal ingestion.
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Deal Ingestion (DI) from ThoughtFocus eliminates data entry headache for the deal team, allowing them to focus on deal analytics on up to date data in a timely manner without errors. ThoughtFocus DI process augments internal workloads in a scalable, cost effective solution with the high quality and precision required by institutional investors.
“Our clients need to visualize the performance of their owned portfolio overlaid with relevant deals they are seeing in the market and the comps of every asset and deal they’ve ever looked at or worked on – this is investment-decision glory,” said Mike Sroka, CEO of Dealpath. “Real estate markets have always been about people with information, and we have an ever increasing access to data. To glean actionable insights from that data it must be structured and formatted in logical ways, easy to retrieve and visualize, and accessible from wherever we may be working. This partnership between Dealpath and ThoughtFocus is a force multiplier for data-driven investing.”
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