US: Thomson Reuters and Informatica El Corte Ingles (IECI) have formed a strategic partnership to implement cadastral mapping and land information management systems in Latin America. The two companies will deliver automated land administration solutions that enable governments to manage property rights efficiently, equitably and with transparency.
“By combining our strengths, we can fill the substantial need for improved land administration in South and Central America and the Caribbean,” said Peter Rabley, vice president for global business development within the Tax & Accounting business of Thomson Reuters. “Effective documentation of land rights provides security for all peoples and provides an effective base for environmental stewardship by government, as well as improved revenue collection. By implementing our systems, governments throughout the region will have a proven means to effectively and equitably secure rights, protect the environment, improve revenue, and increase public access and transparency.”
The companies have signed a memorandum of understanding that leverages their complementary capabilities and expertise in implementing modern land information systems and management practices. Thomson Reuters will implement systems for registering property titles and ownership rights based on its GRM (Government Revenue Management) software. IECI will provide implementation services for GRM including the integration of technologies necessary for successful deployment of land information systems.
“Systems of spatial information management — both cadastral and property registration — are among the political objectives of many countries in the region. Improving the quality of land information is a direct path for national growth and development, creating greater legal certainty, more foreign investment and increased tax revenues to establish new social policies,” said Emilio Gil, director for Informatica El Corte Ingles LATAM. “Working together, we support these initiatives and cooperate with governments implementing best practices and technologies at public offices of cadastre and property registry.”
Source: Market Watch