Integration: The next step for property innovators
Navigating tech is a challenge many property companies are taking on. Where do they start and how do different pieces fit together?
We’re seeing the rise of mergers and acquisitions as the property technology market matures, and we’re also seeing best-in-class companies integrating with each other to provide more extensive benefits for users.
Easol is one of these, which PlaceTech came across whilst attending Expo Real. Easol is a collaboration between established companies, targeted at asset and fund managers, which is attempting to map the entire management of assets digitally.
Easol is a joint venture between German companies Control.IT, a provider of asset and portfolio management software, and investment management company IntReal.
The companies in Easol suite include:
- Coyote enables users to track and manage assets through the commercial property lifecycle from introduction, through to acquisition, management and disposal. Coyote is already integrated with systems such as Yardi, Qube, MRI and Tramps
- Proda uses AI to solve core data processing challenges such as standardising unstructured data that hasn’t been organised into one place, with a focus on rent roll. The tech aims to automate previously manual and error-prone processes
- Evana is a data extraction tool which specialises also in data exchange
- SAP is a German multinational software corporation with a wide range of business intelligence tools
- Bison.box is software by Control.IT which provides asset and portfolio management with data integration, reporting and planning
- Ix-Haus enables owners and investors to property manage and keep up-to-date with day-to-day operations by using reporting tools on areas such as caretaker and tenant portals
Real estate assets with a value of over €30bn are currently digitally mapped and managed via Easol, which equates to 1,214 assets in 141 funds. Among these assets are properties belonging to Hamburg-based investment manager HIH Group, and IntReal.
Markus Schmitt, managing director at Easol, said: “Customers can use Easol suite in the cloud model in line with the principle of software-as-a-service (SaaS). This means they only have to rent an IT solution that is operated by us. This convenient model from the user’s perspective is currently seeing growing demand on the market.”
Klaus Weinert, also managing director at Easol, explained how the IT company is based on the community concept and the principles of a sharing economy: “If an application is technologically enhanced, the improvement is also available to all users. The solution is constantly evolving in practice and from practice, while leaving enough room for individual requirements.”