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Real Estate Management Software vs. Excel

Posted by Amber Bigler Newman

7/21/15 6:42 PM

I am a huge fan of Microsoft Excel. For three years I worked at a start-up that made Excel spreadsheets available to multiple users at once in the cloud. I once built a spreadsheet that housed all my family meal recipes, I could select what I wanted to cook for the week then run a macro to get my grocery list.  I’m an Excel kind of a girl.

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Topics: Lease Administration, Corporate Real Estate, Technology

Busted! 5 Myths about Lease Administration Software

Posted by Amber Bigler Newman

7/16/15 7:38 PM

We get it. Selling lease administration software is not easy. But unfortunately, some who do it have allowed a series of incorrect assumptions to grow roots in the minds of their prospects. We think it’s time to pull the weeds.

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Topics: Lease Administration, Technology

Now is the Time to Prepare for the New FASB Lease Accounting Standards

Posted by Amber Bigler Newman

7/10/15 5:50 PM

The new lease accounting standard proposed by the Financial Accounting Standards Board (FASB) profoundly changes the rules that govern accounting for real estate and equipment leases. Under the proposed new rules, companies would be required to recognize the assets and liabilities resulting from leases (including existing leases) of more than 12 months in duration based on the present value of lease payments. The change will result in very real consequences for corporate financial statements.  Although the standards aren’t expected to be finalized until the third quarter of 2015, and they likely won’t go into effect until 2018, now is the window of opportunity for CFOs and corporate real estate teams to prepare to minimize the impact.

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Topics: Real Estate Accounting, Lease Administration, FASB, Corporate Real Estate

Portfolio Management: Necessary Evil or Breakthrough Opportunity?

Posted by Amber Bigler Newman

7/7/15 5:54 PM

When we talk to people involved in corporate real estate, and we ask them how they optimize their locations, we get a lot of different answers. The recurring theme, however, seems to be that they are doing record keeping related to leases in one way or another, some with automation others manually. What most aren’t doing is strategically managing and optimizing the performance of the real estate portfolio as a whole.

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Topics: Lease Administration, Leadership, Corporate Real Estate

Advice from Our Clients on Hiring a Great Lease Administrator

Posted by Amber Bigler Newman

6/23/15 5:39 PM

For many companies, real estate leases represent one of the largest expenses in the business. It makes sense that lease administration has turned into a critical function for risk mitigation, cost savings and portfolio optimization. Lease administrators make sure your organization meets its tenant obligations and that the landlord meets theirs. Although often unheralded, lease administrators take on a serious and challenging responsibility. That’s why smart organizations put a lot of thought and effort into finding people who are the right fit for this key role. 

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Topics: Lease Administration

6 Critical Features of Lease Administration Software

Posted by Amber Bigler Newman

6/16/15 7:03 PM

For many large organizations, location leases fall second only to labor as the largest expense item. So it makes sense that companies invest in lease administration software to ensure that accurate location data is available and that the administration of leases runs smoothly. There are many such solutions available, but they differ in features and functionality. We hope you’ll consider AMTdirect, but no matter which solution you select, make sure it has the following capabilities:

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Topics: Lease Administration

AMTdirect Insights Blog

Your home for great information about what's going on at AMTdirect, trends in corporate real estate, industry specific analysis and posts from our favorite guests.