MISMO to Enable Efficiency and Accuracy by Standardizing Property Financial Statement Data Exchange

MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on a proposed standard which will facilitate a more accurate and efficient exchange of commercial financial operating statement data. The 90-day comment period starts today and runs through March 8, 2022. 

The new MISMO exchange was developed by commercial real estate and technology professionals in response to the need to create a standard structure for sharing property financial operating statement data. The data exchange facilitates the efficient exchange of any property financial statement regardless of which chart of accounts is used, giving the commercial real estate industry greater flexibility without requiring all parties to adopt a single chart of accounts.   

The exchange offers the flexibility to support multiple data types, such as chart of accounts, delivery use cases, business partners, and property types, and includes a dataset, XML schema, and multiple use cases to support ease of use... Read More Here!