Integrated Workplace Management Systems (IWMS) originated as a comprehensive solution for managing corporate real estate and facilities. Since its identification in 2003, IWMS has encompassed four key components: Real Estate…
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The Visual Lease blog
We are pleased to announce that Kathryn Eskandarian, Visual Lease’s Chief Financial Officer, has been named a finalist in the 21st annual Stevie® Awards. Kathryn is being recognized in the…
Lease audit procedures are necessary for an efficient, successful audit. At their core, lease audit procedures ensure your organization has controlled processes in place to support its financial reports. Having...
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For the past three years, Visual Lease (VL) has hosted its Customer Advisory Board (CAB) Summit to engage directly with our most forward-thinking customers and partners. This year’s event in…
Managing lease escalation costs is one of the most complex and important responsibilities for corporate real estate executives. These costs, which often represent expense pass-throughs from the landlord to the…
From time to time clients raise the question of the difference between corporate real estate and facilities management. In essence, they’re asking why we have two different professional designations since they both seem to have the same responsibilities. But the two professions have distinct differences and responsibilities. Here we explore these differences and attempt to bring clarity to the issue.
Combining a lease audit service with a lease management system, such as Visual Lease, offers compelling benefits for organizations managing commercial leases. Commercial leases are complex legal documents, each with…
To choose the right software for your business, you’ll have to evaluate the features, functionality, and capabilities offered by different lease accounting software providers. In addition, it’s equally important to…
What are rent concessions? Rent concessions are discounts, incentives, or other benefits provided by landlords to tenants. Landlords sometimes offer rent concessions to entice tenants to sign a new…
In attempt to become compliant with lease accounting standards, particularly ASC 842 and IFRS 16, there are many intricate details that accountants often have questions about. Today we’ll address accounting…
