light_blue_banner.jpg

Amazon to Open Physical Grocery Store with No Check Out Lines

Posted by Amber Bigler Newman

12/8/16 6:10 PM

Amazon.com this week announced that it will open a physical grocery store called Amazon Go. The move potentially changes the competitive landscape, with Amazon making a play for the dollars typically spent in traditional grocery stores and big box stores. At just 1,800 square feet, Amazon Go could also provide an alternative for what are called "fill-in trips," quick errands when shoppers need just a couple of items. Often these are trips to convenience stores or drugstores, so the move could also challenge outlets like 7-11 and Walgreens.

Read More

Topics: Retail

Lease Administrator's Guide to the New Accounting Standards

Posted by Amber Bigler Newman

10/27/16 6:12 PM

Over the last few months, we've had the opportunity to chat with many of our customers and other real estate management professionals about the pending changes to the FASB and IFRS lease accounting standards.

Upon first glance, many people on real estate and leasing teams understood this to be something that would only impact folks on the accounting side. But the reality is that the changes will have significant impacts on the lease managment side of the house as well.

Read More

Topics: FASB

AMTdirect Welcomes Wayfair

Posted by Amber Bigler Newman

10/18/16 6:48 PM

AMTdirect is delighted to announce that Wayfair, one of the world's largest online destinations for the home has selected our industry leading real estate management solution. We’re proud to add such an exciting and growing company to our family of clients.

Wayfair offers one of the world's largest online selections of furniture, home furnishings, décor and goods, including more than seven million products from over 7,000 suppliers, Wayfair helps people find the perfect product at the right price.

Read More

Topics: Customers

New FASB and IFRS Lease Accounting Standards: Technology Options

Posted by Amber Bigler Newman

10/17/16 5:59 PM

Finance and real estate executives are beginning to grapple with the enormous challenge of complying with the new FASB and IFRS lease accounting standards, FASB ACS 842 and IFRS 16 respectively. One of the first steps to achieving compliance by the January 2019 deadline for public companies, is selecting technology to support the effort. There are two distinct paths that organizations may consider.

Read More

Topics: FASB

Inspira Health Network Chooses AMTdirect

Posted by Amber Bigler Newman

10/15/16 7:07 PM

AMTdirect is pleased to welcome Inspira Health Network to our growing family of customers. We are looking forward to meeting their real estate management and lease administration needs.

Inspira Health Network is a charitable, nonprofit health care organization serving communities across southern New Jersey. The network, which traces its roots to 1899, comprises three hospitals, a comprehensive cancer center, several multi-specialty health centers and a total of more than 100 locations. These include urgent care; outpatient imaging and rehabilitation; numerous specialty centers, including sleep medicine, cardiac testing, digestive health and wound care; hospice and home care; and more than 30 primary and specialty physician practices in Gloucester, Cumberland, Salem and Camden counties.
 
Read More

Topics: Customers

What You Need to Know About the New FASB/IFRS Lease Accounting Standards

Posted by Amber Bigler Newman

10/10/16 4:24 PM

Note: This post orgionally appeared in the Realcomm Advisory.

After almost ten years of discussions and meetings, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have finally issued new standards related to accounting for real estate and equipment leases.

Companies have always had to disclose lease information, but it was traditionally done in the footnotes of their financial statements, rather than the balance sheet. This new standard brings most leases onto the balance sheet. According to The Wall Street Journal, this move will increase the liabilities of public companies in the US by about $1.5 trillion.

History

Read More

Topics: FASB