Real Estate technology enables fast, accurate creation and communication of lease summary documents

London (7 July 2011) - Recently, the Open Standards Consortium for Real Estate (OSCRE) brought together a highly influential group of real estate organisations and service providers in a jointly funded interoperability initiative to prove the feasibility of the electronic transfer of commercial lease data to property management systems.

Currently, lease detail information created by a lawyer is captured in text format and then rekeyed a number of times by client and service provider staff - an inefficient process that is prone to delays and errors.

As a leading property system provider and OSCRE member, Manhattan was invited to contribute to the initiative by utilising the existing OSCRE compliant import module. This would take the lease summary data in its electronic format from law firms and accurately transfer the information automatically into Manhattan via user controlled Workflow.

The subsequent launch event, held at Eversheds in London on July 5th, provided us with the opportunity to show our commitment to the project, by successfully demonstrating the live import of lease data directly into the Manhattan Property Management system.  New records were then immediately created and shortly after the successful import the system was able to issue a rent demand.

Learn More

For more information, please contact Peter Blackaller on +44 (0)20 7269 8500 or by email, This e-mail address is being protected from spambots. You need JavaScript enabled to view it

About OSCRE (the Open Standards Consortium for Real Estate)
OSCRE is a not for profit market led initiative that facilitates increased business productivity through the development and delivery of standards across the real property sector.

OSCRE’s mission is to drive the standards development process among key real estate stakeholders, including owners, tenants/occupants, investors, operators, developers, service providers, regulatory agencies, consulting firms, vendors and suppliers - to benefit all stakeholders and enable the real estate industry to function more efficiently in the digital economy. OSCRE is the only global e-commerce standards body for the real property sector.

The organisation is funded by its members, whose valued financial and professional contribution enables the continuation of the work of OSCRE.

For more information please visit our website at www.oscre.org.

About Manhattan Software
With global headquarters located in the heart of London, The Manhattan Software Group is the world's largest privately-owned company dedicated to the development, implementation and support of fully-integrated and fully web-enabled global real estate, asset and facilities management systems.

Recognised as a leader by Gartner, Inc., in their Magic Quadrant for Integrated Workplace Management Systems (IWMS), the Manhattan suite comprises of over 30 modules designed to manage the complete property life-cycle and meet the requirements of real estate managers, investors, owners, occupiers, asset managers and property managers.

With its heavy emphasis on research and development, quality assurance, system testing and customer support, Manhattan has built a substantial high-quality user base of multinational organisations - many with multiple locations around the world.

Manhattan can be installed at clients’ sites as part of their IT infrastructure, or through the Manhattan Software-as-a-Service (SaaS) offering.