New Lease Data Exchange Developed Based on OSCRE Standard
Summary
OSCRE today announced the launch of a new Lease Data Exchange jointly developed by leasing and asset management platform, VTS, and a major ERP system developer, using the OSCRE Reference Data Model as the foundation. The Exchange uses Application Programming Interfaces (APIs) to connect the VTS and ERP system platforms on behalf of real estate owners and managers. This approach gives users unprecedented visibility into the performance of their assets and teams and enables them to proactively manage the deal process. VTS has been a great partner in the quest to build this integration with OSCRE Standards as a critical component of the framework. This collaboration and others in development using a framework that includes OSCRE’s Reference Data Model provides clients with an open architecture that supports their individual digital ecosystems, and is a milestone for the real estate industry.