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Newland Communities

XLeratorDB implemented at the largest private developer of planned communities in the U.S. -- XLeratorDB helps Newland Communities Streamline Calculations on the Long-term Viability of its Real Estate Investments

Newland Communities

Chet Cotter, Director of Financial Systems at Newland Communities, LLC regularly uses the rate of return on irregular payments (XIRR) function to calculate the viability of the company’s long term real estate investments.

“As land developers we don’t have a scheduled payment plan with our investments because our cash flow comes in erratically based on where we are at in the project schedule,” explains Cotter. “We’re developing communities across the country, in 14 states, so it’s very important for us to accurately track our projections.”

Because these calculations are complicated, Newland Communities opted to use the Excel kernel within its applications in order to utilize the XIRR function within Excel, rather than have its programming team write the formula from scratch. However, this approach painted Newland Communities into a corner when looking to move away from its legacy WinForm application and make it web-based.

“We wanted to find a more flexible, faster and reliable way to do these complex calculations,” explains Cotter. “The problem with using SQL Server is that we had to develop additional abstraction layers to perform these Excel calculations which can be very time-consuming and an inefficient process for our UIT team.”

After searching for other options, Cotter came across Westclintech’s XLeratorDB. With XLeratorDB Newland Communities was able to quickly and easily break its ties to Excel since it no longer needed to use any additional abstraction layers to perform Excel calculations like XIRR within the .Net framework.

“Replacing the XIRR functionality with XLeratorDB on the database side was a much faster and more reliable option for us,” explains Cotter. “Integrating XLeratorDB with our SQL server system was a simple process that took a matter of minutes, not days or weeks.”

XLeratorDB enables companies to use Excel-like functions on its data in SQL Server and contains a majority of the most widely used Excel functions such as XIRR.

“Any company currently using the Excel kernel within its applications to handle complex calculations will find XLeratorDB most beneficial,” says Cotter. “It’s an overall great product – flexible, yet reliable.”



Featured Client List

XLeratorDB has rapidly built a broad global customer base spanning more than 40 countries and 30 US states, including innovation leaders such as:


Financial Services

Government

Software/Consulting

3Point Asset Management
Access Capital Advisors
Alchemy Capital Management Pvt. Ltd.
AlixPartners LLP
Ally Bank
Alphametric Research, LLC
AEW Capital Management
Alpha Card Services
AMBIT Capital Pvt. Ltd.
American Capital
AnaCap Financial Partners LLP
Annaly Capital Management
Apollo Global Management
AutoCont SK
Avenue Capital
Axis Bank
Babson Capital Management LLC
Bain Capital
Bankers Healthcare Group, Inc.
Barclays Securities India Pvt. Ltd.
BBR Partners
Bessemer Ventures
Birla Sun Life Asset Management
Black Diamond Capital Management
BOCI-Prudential
California Republic Bank
Centerbridge Partners LP
Citigroup (IND)
Cliffwater LLC
Convergence Investment Partners
Crews & Associates, Inc.
DBI Capital Market Services Ltd
Desjardins (CAN)
Eastwood Bank
EBS Asset Management
Ellington Management
Emirates Investment Bank
Enam Securities
Entente Fund Accounting Services
Eton Advisors, LP
Fir Tree
First Gulf Bank
Fred Alger
Fusion Ventures  (case study)
GARANTI BANK SA
GEPL Capital Pvt. Ltd.
Gimv (BEL)
Golden Tree Asset Management LP
Goldman Sachs Securities India Pvt Ltd.
GRAMIT S.A.
GreatAmerica Leasing Corp
Hamilton Lane
Harbourvest Partners, LLC
Harvest Investments
Henderson Global Investors
Henninger Investments
Highland Capital
HighVista Strategies LLC
Horizon Credit Union
Hudson Advisors
Hyuandai Securities
ICICI Bank
IIFL (IND)
IndexUniverse, LLC
Infoweaver Services AB
ING Vysya bank
Jasper Ridge Partners
Javlin Capital
JM Financial Pvt. Ltd.
Karma Capital Advisor Pvt. Ltd.
Keytrade Bank
Killik & Co
Kotak Mahindra Bank Ltd.
L&T Capital Company Ltd.
Landmark Dividend LLC
Landsdowne Partners
Liberties Investments Limited
LPL Financial
Mariner Investment Group
M. B. Commercial Company Limited
Mid Atlantic Capital Group
MidAtlantic Trust
Moneta Group
Morgan Stanley
Morgan Stanley (I) Financial Services
Neue Aargauer Bank
Nilta Corp
Nordea Investment Funds S.A.
North American Savings Bank
Notz & Stucki (CHE)
PanAgora
Postbank
Prescott Securities
Prime Broking Company Ltd.(IND)
Principal PNB Asset Management
Principal Retirement Advisor Pvt.Ltd
Professional Capital Services
Profidebopt, s.r.o.
PT Otto Multiartha
MTAG Services LLC
Oak Hill Investments
Oaktree Capital
Prescott Securities (AUS)
Qatar Development Bank
RDV Corp
Republic Mortgage Home Loans
RMB (ZAF)
Samuel E Ramirez & Co.
Santandar (BEL)
Santandar Consumer Finance Benelux B.V.
SAR Capital Pvt. Ltd.
Sarasin-Alpen (India) Private Limited
Saunderson House Ltd
Savant Capital
SBAB (SWE)
The Sentient Group (AUS)  (case study)
Sequoia Heritage
Sontag Advisory
Sprism Investment Services Pvt. Ltd.
Standard Chartered (IND)
Sunrise Capital Partners
Taom Capial UK Ltd.
Titan Advisors
TPG Credit Management, LP
T. Rowe Price Associates, Inc.
Trustline Holdings
Tufton Oceanic
Turner Acceptance Corp
United Acceptance
Value Prolific Investment and Consulting
Vericrest Financial Inc
Von Braun&Schreiber (DEU)
Watts and Associates
WealthTouch
Wedbush Securites
Westdale Capital
Central Bank of Iceland
City of Toronto (CAN)
DBC Onderhoud (NLD)
Lee County Schools
NSW Cancer Institute (AUS)
PSP Investments (CAN)
Reserve Bank of Fiji
State Teachers Retirement System - Ohio
SPAWAR System Center Atlantic
US Department of the Interior
US Navy

Insurance/Healthcare

Advisory Board Company
Aegis London (GBR)
Aeolus Re (BMU)
Alterra Capital Services
Ameritas
Arch Reinsurance Ltd.
Capital & Coast District Health Board
Cathedral Underwriting Ltd
Child Health Corporation of America
Dr.Foster Intelligence
Goss Re
KaufmanHall
MetLife
Oil Insurance Ltd (BMU)
Oil Management Services
Starr Companies
XL Group
XL Insurance

Energy

Chevron
Consolidatd Edison
SPARQ Solutions Pty Ltd (AUS)
Unit Corporation

Real Estate

CapMan Oyj (FIN)
Helios AMC
iStar Financial  (case study)
Landmark Partners
London & Quadrant (GBR)
Newland Communities  (case study)
Northstar Realty Finance Corp
Townsend Group
Alpha Kinetic (GBR)
AssetLabs
Autocont SK
Bits Software
Cadis EDM (GBR)
CPACINC
Cybercom
DataAgent
Derive Technologoes
Enerpact LLC
EvalSolutions  (case study)
Farsight Consultancy Services
Ferman Automotive Management Services
Fortigent
Genpact
Hewlett Packard India Sales Pvt. Ltd.
Ingram Micro
Kenexa
Milessoft (IND)
ModelLogic
Netage Solutions
Pangea3 Legal Database Systems Pvt. Ltd.
Paylink Payment Plans
Portfolio Pathway
PSD Solutions
Rehfeld Partners A/S
Respec
SAIC
Software Guru
Sterknetwerk BV (NLD)
Supply Chain Strategy Services
Surehits
Tata Consultancy (IND)
Venture Allies
Verde International  (case study)
Via Binary

Other

BlueSun Inc.
CreditMax Auto Group
Firebrand Technologies
GRAINGER
HarperCollins Publishers
Houghton Mifflin Harcourt
The High Companies
Kemper Valve & Fittings Corp
LeahMaya Limited
Optionline
right stuff detailing
West Pak Avocado
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