The financial crisis stimulated higher demand for asset management software in the real estate sector as companies sought to get a clearer picture of operations of their properties and their own internal management processes.

The financial crisis stimulated higher demand for asset management software in the real estate sector as companies sought to get a clearer picture of operations of their properties and their own internal management processes.

The use of software to improve transparency and efficiency was one of the themes discussed during PropertyEU's asset management investment briefing at Expo Real in Munch.

'We are trying to live up to these higher expectations as well as being a driver of change,' Richard Gerritsen, regional director of European sales at software provider Yardi Systems told the briefing.

The financial crisis, he said, has caused tremendous growth at Yardi, adding to general laughter, 'I am almost embarrassed to say that.'

'The reason is a shift of focus to better understanding the portfolio caused companies to work on reviewing their internal processes, reviewing their requirement for management information and therefore reviewing the systems that should be providing and analysing that information,' Gerritsen said.

Watch this and other videos from the briefing and Expo Real 2014 by clicking here