On-demand webinar summary
Lease management is integral to achieve and maintain lease accounting compliance. But that’s not the only opportunity it presents.
In fact, 100% of recently surveyed senior finance and accounting professionals acknowledge that lease management, which is required to sustain accounting compliance, comes with real business benefits. But how do you identify – and benefit from – your lease information?
In our recent webinar, Lease Management: Unlocking ROI Opportunities within Your Lease Portfolio, experts in lease optimization and real estate shared:
- An overview of the lease management landscape
- The impact of integrated lease management (reduced risk, reduced costs)
- How to increase ROI from centralized lease data
To learn more, read the summary below or view the on-demand webinar.
Leases are incredibly expensive – and undermanaged by organizations
Did you know that businesses often lack financial controls for their lease portfolio-related expenses, despite leases’ high cost and liability? This lack of control can put your organization at risk of losing a lot of time and money.
This is why lease management is important. Lease management enables you to:
- Reduce risk
- Gain visibility into rights and obligations
- Limit exposure to indemnification and other serious obligations
- Control exposure to loss not covered by insurance required by the lease
- Eliminate confusion and wasted time over repair and maintenance responsibility
- Avoid damage to landlord-tenant relationship over misunderstood rights and obligations
- Reduce costs
- Avoid overpayments by knowing what your leases say
- Monitor OpEx, CAM, RE tax, utilities, sundry charges, supplemental services
- Avoid missing the right to correct errors by managing audit windows
- Take advantage of market opportunities by allowing cross-functional access to lease data
- Secure proactive, effective and responsive use of your leased assets
- Avoid overpayments by knowing what your leases say
Lease management is two-fold
A reliable lease management process consists of two things:
- Using dedicated technology to centralize and organize lease data
- Create a single source of truth by using a robust lease management system
- Working with dedicated professionals to evaluate your lease portfolio
- Engage a third-party partner to guide or handle leases
“It’s so important to have your leases organized. Having our leases all in one place has been a tremendous time-saver for us at Gartner,” said Tiffany Martin, Real Estate Analyst at Gartner.
For more information about lease management, view the on-demand webinar: Lease Management: Unlocking ROI Opportunities within Your Lease Portfolio.
