Regulatory real estate fund reporting is associated with certain challenges. Until now there has been no complete binding data model able to be used as a basis for automating reporting processes.
acarda’s new solution now closes this gap. On behalf of an internationally renowned provider of mutual and special real estate funds, an application was developed that uses the gif-IDA standard provided by the German Society for Real Estate Research (Gesellschaft für immobilienwirtschaftliche Forschung e.V.)
The gif-IDA model is already established as a standard for data exchange within the real estate industry. It is therefore also a suitable basis for fund reporting. However, in order to be able to use it fully for the automated creation of regulatory reports, some modifications and extensions have had to be made.
The “flat” interface standard has been transformed into an Entity Relationship Data Model, which automatically ensures the consistency and integrity of the data. In addition, some fields specifically required for reporting were added to the data model. This approach enables new source systems to be connected and improves data warehouse performance.
The gif-IDA data schema can now be easily used for automated real estate fund reporting. Using acarda’s platform, our customers are now able to create reports such as CRR Solva, GroMiKV, VAG, Millionenkreditmeldung, Solvency II, AIFMD and national reportswith minimal effort. In addition, the application is intuitively understandable, as it works with industry-standard processes and terminologies. It also continues to support data exchange within the real estate industry.
If you are also interested in an efficient reporting solution for real estate funds, our experts will be happy to advise you.