SOURCE: Thomson Reuters Corporation

Thomson Reuters Corporation

April 26, 2012 18:00 ET

Thomson Reuters Highlights How Technology Is Driving Economic Success in Africa at World Bank Land Poverty Conference

Delegates Hear How Land Administration and Government Revenue Management Solutions Are Used in the Land Valuation Process

WASHINGTON, DC--(Marketwire - Apr 26, 2012) - Thomson Reuters (NYSE: TRI), the world's leading source of intelligent information for businesses and professionals, has highlighted how 21st Century land information management software is helping to bring an end to generations of conflict over land ownership.

A leader in providing integrated property tax and land administration software for governments worldwide, Thomson Reuters presented two papers at the Annual World Bank Conference on Land and Poverty, which took place this week at the World Bank headquarters in Washington D.C.

The papers that were presented highlighted how Liberia and Cape Town are solving land management issues and introducing innovative software solutions to help improve their economies. Recognised globally for its work in providing affordable, easy to use, and scalable geographic information based land governance software solutions, Thomson Reuters is helping to deliver new levels of accurate information critical to the financial health of the region.

During the conference, representatives from governments, civil society, academia, the private sector, and the development community discussed issues of concern to land practitioners and policy makers worldwide. Throughout the intense three-day event, papers were presented on key topics including, land as a key development issue, implementing good land governance, and how civil society can contribute to making good land governance a reality.

Frank Pichel, a property rights specialist and business development manager for the Tax & Accounting business of Thomson Reuters, provided a personal insight on the unique challenges and innovative solutions involved with the rehabilitation of land records and reconstruction of land rights in post-conflict Liberia. OpenTitle, Thomson Reuters solution for collecting, documenting, and recording the documentary and geographic information related to property rights provides the platform for this success story.

A second paper from Thomson Reuters, presented by government specialist Ruel Williamson, focused on the success of Cape Town's improved land governance and management through embracing new technologies in the valuation process of parcels.

Using Thomson Reuters Government Revenue Management (GRM) software, Cape Town has realized quantifiable returns on its investments, while improving business efficiency and providing better outcome for its citizens.

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