Visual Lease’s Desktop Audit Manager is a comprehensive, proactive lease desktop auditing tool.
It allows you to ensure that landlord charges are accurate and in accordance with lease terms. With this module, our enterprise customers can:
- Identify operating expense savings
- Track expense changes from year to year
- Reconcile statements and invoices validate calculations and manage billing disputes
- Identify leases that may require additional audit review
The Desktop Audit Manager was designed by our sister company KBA Lease Services, the signature firm in lease auditing. KBA has helped control the real estate costs of hundreds of companies nationwide in virtually every industry. Our Desktop Audit Module is 100% integrated into our Lease Financials Module. Once business rules are set up for a lease (done as part of the lease abstraction process), the financial entries for that lease are tested against those rules, quickly identifying charges that are not in conformance with the lease terms.
Leverage the Desktop Audit feature in Visual Lease to ensure you only pay the proper amount of CAM and Operating expense.
There’s always a dispute within the organization aboutthe issue of chargebacks, particularly facility occupancy costs. Department heads typically question the need for charging back occupancy costs, since they don ‘t feel they have any direct control over these overhead costs. But occupancy costs are directly linked to staffing, so it’s logical to burden a department with its share of occupancy costs relative to staffing levels. The argument for chargebacks centers on the need for reinforcing cost containment, as well as maintaining a level of fairness in the organization.
Perhaps one of the most daunting and complex responsibilities of the corporate real estate executive is the management of lease escalation costs. These costs which represent expense pass- thrus from the landlord to the tenant can represent nearly half or more of the cost of tenant occupancy.
There’s compelling logic to combine a lease audit service with a lease management system such as Visual Lease..