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07 - 08 Mar
Clarion Hotel & Congress Oslo Airport
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By Kanchan Ray, Dr. Sudipta Seal
video icon 60 mins
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success story

Streamlining real estate management system for strategic planning

Promote smart and transparent management of New York City's real estate through a comprehensive real estate management system.
the challenge
With over 400 short- and long-term agreements for the private use of City-owned property under their purview, RES required an efficient system for the integrated management of leases and an electronic document repository.
the solution
DCAS partnered with Nagarro to implement a modern Real Estate Management System (REMS) built on the ARCHI-BUS platform. This end-to-end solution includes key functions such as Space Management, Lease and Cost Administration, Portfolio Management, Project and Document Management, and Payment Processing via NYC CityPay. REMS has revolutionized access to lease information by providing consolidated single-screen views of lease data through a user-friendly lease portfolio console.
the outcome
The implementation of REMS significantly improved DCAS's visibility into its business processes, allowing it to track the status of each activity, and thereby enhance its strategic planning capabilities. This comprehensive solution empowers DCAS to make informed decisions and efficiently manage its real estate portfolio. REMS seamlessly integrates with multiple DCAS, City, and third-party systems, offering business users a comprehensive platform to manage the City's entire real estate portfolio.