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AMTdirect Blog

AMTdirect Blog

FASB ASC 842 Lease Accounting: Software Features to Help You Comply with Confidence

Posted on 9/14/20 9:25 AM by Ata Khan in FASB, in Lease Accounting, in Compliance, in asc 842, in leasing software

 

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The Changing Role of Lease Administration Professionals

Posted on 7/13/20 10:00 AM by The Team at AMTdirect in Lease Administration, in leasing software, in lease management software, in lease administration system, in lease administration solutions, in lease management system, in lease management solutions, in lease management

What a difference a few years can make. As recently as 10 years ago, lease administrators typically reported to one manager and functioned largely as team support, spending the workday processing piles of paperwork and chasing down rent payments.

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Prevent Overpaying on Leases using Software to Capture Key Details

Posted on 7/6/20 2:45 PM by The Team at AMTdirect in leasing software, in lease management software, in lease administration system, in lease administration solutions, in lease management system, in lease management solutions

This final cautionary tale provides yet another example of how automated leasing software can greatly reduce the occurrence of making unnecessary payments on your lease.

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Lease Management Services & A Cautionary Tale of a New Acquisition

Posted on 6/3/20 10:00 AM by The Team at AMTdirect in leasing software, in lease administration system, in lease administration solutions

This is yet another shocking account of an organization running lease management services without a software solution.

Our second cautionary tale in this eye-opening series reveals how a company missed out on $1 million during the acquisition of a new location. 

Following a five-year plan for expansion, a regional retail franchisee secured a second location in a neighboring city. Because the company only had one site in their portfolio they had grown confident and accustomed to utilizing spreadsheets for their lease management and accounting needs.

After procuring their new location the company wanted to invest in more expansion opportunities. To make their process more efficient hey started researching lease management solutions. After a few in-depth consultations, the franchisee learned something much more valuable than originally anticipated: They discovered $1,000,000 went missing during their acquisition!

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Lease Administration Solutions: Avoid Overpaying on Your Property Lease

Posted on 5/15/20 3:35 PM by The Team at AMTdirect in Lease Administration, in leasing software, in lease administration software, in lease management software


This cautionary tale is about a smart, yet Excel-dependent victim unknowingly overpaying $157,920 on a property lease. Not because of a corrupt landlord or getting tricked into a scam. The significant overpayment was simply due to a lack of data insight and access to information.

Unfortunately, shocking accounts of overpayments on leases occur more often than imagined. In the case referenced above, the lessee used spreadsheets for lease administration and lease accounting, believing these tools to be sufficient. 

Despite Excel being a useful application with countless benefits, the popular software does have limitations which can often lead to costly errors.

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