Commerz Real has developed new software to digitise its transaction process and thus make it more efficient and faster. The core of the CRx product from the in-house digital plant is an online platform that maps the entire transaction process and thus brings together fragmented and partially manual processes, including product allocation and reporting, and makes them accessible worldwide at any time. This includes, for example, a scanner that records, classifies and pre-assesses all offers and product descriptions based on location and market data. “With CRx, we are getting closer to our goal of becoming digital asset managers, an important step,” says Henning Koch, Chairman of the Management Board of Commerz Real. “Especially the automated selection of the more than 3,000 product descriptions that are submitted to us each year is a major efficiency gain.”

According to Commerz Real, the benefits of the software include increased processing speed in the early phases of the transaction, the avoidance of double processing, more transparency over the transaction pipeline and more legal and regulatory security with regard to the initial check (so-called prior knowledge check), allocation and the entire transaction process. In addition, CRx reduces the error rate and reduces non-value-adding activities such as the recording and evaluation of product descriptions through partial automation. The cloud-based software can also be used on mobile devices and enables real-time collaboration. “This allows our investment managers to check this immediately on their mobile phones when they pass a potentially interesting building,” explains Koch.