Franchises. Company-owned stores. Sub-lease agreements. It's what restaurants, hotels and other hospitality businesses deal with on a daily basis when it comes to lease administration. And organizing multiple lease agreements and locations can be overwhelming.
And for restaurant and hospitality companies with a large portfolio of leases, the new FASB ASC 842 standard will have a huge affect on:
There are a lot of challenges. And that means managing individual locations separately is not an option.
Enter AMTdirect lease administration software. Our cloud-based solution allows corporate to track contracts and lease dates all in one place. Plus, it's fully compliant with all lease accounting standards. It's a win-win smart hospitality companies can't resist.