Openera launches new service for Financial Administrators and Receivers

PRLog (Press Release) - Mar. 7, 2013 - LONDON – March 8th 2013 – Openera Systems, a provider of on-demand, client-friendly, real estate management systems, has launched a new service to help advisory and restructuring practices appointed as administrators or receivers of companies with large property portfolios to collate vital information about portfolio assets, liabilities and risks quickly and easily.

Over the last 12 months more than 20 UK High Street retailers have gone into administration. The restructuring practices appointed to help rescue these companies have had to assemble complex information about the companies diverse property portfolio quickly, accurately and efficiently to ensure they can extract the maximum value possible for creditors. This is a difficult, time-consuming and costly exercise.

Openera for Financial Administrators offers a full service approach that helps administrators to acquire key property data, understand risks and liabilities and securely store all relevant portfolio documentation in a smart data room. The service is delivered as an on-demand software-as-a-service (SaaS) for a single fee that provides the service until the completion of the administration process.

“We want to help administrators to get the maximum possible return any property assets they are forced to dispose of. The key is data accuracy, transparency and secure access – these help potential acquiriers to assess asset value correctly and bid appropriately. It will speed up the disposal process and provide a better outcome for the business in trouble,” said Mark Sorsa-Leslie, Director of Openera

The service is targeted at advisory and restructuring practices appointed as administrators or receivers, but is also suitable for use by real estate agents working in partnership with administrators. It is available from today. For more information, visit http://www.openera.co.uk/products/solutions-for-financial... or contact Mark Sorsa-Leslie on +44 20 7100 3940.

About Openera Systems
Openera allows you to use the web to manage your real estate portfolio efficiently. Our client-friendly on-demand service will support your business processes and decrease your portfolio administration costs. Over the last 10 years we have developed online services for blue-chip owners, occupiers, and agents that have allowed them to reduce unnecessary administration, improve business processes and boost stakeholder satisfaction levels. Our deep understanding of the web coupled with practical property management experience means we deliver solutions that work in the real world. We can help you move to the next era of real estate technology. The open era.

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