Are you tired of spending huge portions of your day logging in and out of multiple systems to get the data you need to do your job?
You’re not alone.
Most commercial real estate firms – even those managing multi-billion-dollar portfolios – still rely on Excel and other spreadsheet software programs to store and manage their most critical data. While Excel is an incredible tool for modeling, it was never meant to be a database. That’s where the challenges begin.
Think about your daily workflow: logging into system after system, pulling down rent rolls from the property management portal, grabbing budget numbers from the accounting system, referencing acquisition assumptions from your team’s shared drive. Then you may spend hours copying, pasting, and validating data into your Excel models for projections, forecasting, underwriting, and business plans.
Sound familiar?
The constant switching between systems isn’t just frustrating. It’s inefficient, error-prone, and expensive.
Excel: Powerful for modeling, problematic as a database
Excel is used by almost every professional in every industry, and with good reason. It’s simple, flexible, and powerful. You can use it to plan a family vacation or create a complex series of financial models. When it comes to data modeling, Excel may be the best there is.
But while Excel excels at modeling, it fails as a data repository. When spreadsheets are copied, stored in silos, and linked across multiple files and platforms, firms face serious inefficiencies and risk.
This is what we call Excel Hell.
What does Excel Hell look like?
#REF! errors and broken links: When you’re manually pulling data from a dozen different systems and trying to stitch it together in Excel, broken references and outdated files are inevitable. A single missing file can ripple through and break your entire reporting framework.
Inefficient workflows: Logging in to one system to find leasing data, another for financials, and yet another for construction updates – only to then manually input them into a spreadsheet – adds up to lost hours of productivity every week.
Operational and reputational risk: If too few people can access your firm’s most critical data when it matters, that’s operational risk. If you’re reporting incomplete or inaccurate data to leadership or investors, that’s reputational risk.
Painful reporting cycles: When data lives in disconnected systems, reports require manual aggregation. That means late nights before investor meetings, cross-checking values across versions, and hoping you didn’t miss anything.
The truth is, most commercial real estate asset management firms are living in Excel Hell – and they don’t even realize how much time and money it’s costing them.
Stop chasing data and start managing it
Without integrated, real-time data management, asset managers end up relying on outdated reports, manual processes, or worse – gut feelings. And that’s no way to drive portfolio performance or mitigate risk.
Real estate asset management firms are looking for a single source of truth – a secure platform to house all their critical asset data in one place. They want clean, uncompromised data. They want push-button reporting. They want to focus on strategy and execution, not data collection.
They’re looking for a solution like Pereview.
How Pereview helps
Despite its shortcomings as a database, Excel isn’t going anywhere – not should it. The key is not replacing Excel, but supercharging it with a modern data infrastructure.
Pereview integrates siloed data across systems, creating a single source of truth that is consolidated, robust, and secure. It automates workflows, accelerates reporting, and dramatically reduces operational risk.
And yes, it works with Excel. Pereview connects directly to your existing Excel models, automatically populating them with current data – no more copy/paste marathons, no more error-prone data entry. No more logging in to five different systems just to update a report. No more stitching together numbers from various teams and hoping they’re current. Just accurate, real-time data – all in one place.
Pereview integrates siloed data, creating a single source of truth that is consolidated, robust, and secure. Pereview’s financial tools deliver investor reports in minutes, rather than days. Its advanced analytics tools provide insights far exceeding anything previously available through simple Excel reporting.
In short, Pereview makes Excel work better.
Schedule a demo today to learn how Pereview can help your firm optimize data management, streamline reporting, and reduce risk without forcing you to give up your existing Excel models.
