The Cost of "Spreadsheet Risk"
For real estate fund and asset managers, the foundation of every strategic decision, from valuations to investor reporting, is data. Yet, many teams still rely on antiquated software, manual processes, and complex spreadsheets. This reliance introduces "spreadsheet risk": manual errors, version control failures, and data fragmentation that can compromise reporting accuracy, slow down closing cycles, and complicate audits.
The hidden cost is not just inefficiency; it is the risk of presenting inconsistent or incorrect financial data to investors, lenders, or regulators. STREETS solves this problem by moving your portfolio data from a fragmented landscape to a single, controlled source.
The Blueprint for Data Integrity
Achieving true data integrity means more than just centralising files; it means imposing structure and control at the point of entry.
- Structured Model Aligned to COA and Entities: STREETS is built on an open data model that aligns directly with your chart of accounts (COA) and legal structure across multiple entities and jurisdictions. This ensures data consistency and provides one source of truth across entities and jurisdictions.
- Automated Validations at Data Load: Automated controls flag inconsistencies and exceptions immediately upon upload. This fixes data issues early, before they cascade into reports, ensuring you maintain a clean rent roll and arrears lists every cycle.
- Traceability and Audit-Ready Exports: Key validations, approvals, and user actions are fully traceable, with previous values recorded. This creates a full audit trail for reviews and financial audits , delivering reliable outputs for owners and asset managers.
Accounting Validation: Reducing Closing Effort
One of the most valuable features for CFOs is the Accounting Validation workflow. STREETS centralises financial data and allows you to reconcile imported entries to your COA and validate journals before exporting to your ERP.
This structured, three-step validation workflow significantly reduces closing effort and the spreadsheet risk that typically plagues closing efforts. You gain reliable, export-ready files that simplify the end-to-end process.