Time is running short for compliance with the new FASB 842 and IFRS 16 lease accounting mandates. Selecting the right technology solution is essential for meeting the deadline in the short term and streamlining ongoing compliance into the future. There are several types of solutions on the market, so it can be difficult to know exactly what to look for. Here are some questions you can ask any vendor you consider to ensure you are getting the technology you need.
This is part two of a three part discussion about how technology that supports effective lease administration can result in a positive ROI.
This is part one of a three part discussion about how technology that supports effective lease administration can result in a positive ROI.
The practice of corporate real estate management is evolving. What started as essentially a record keeping practice has grown into the art of strategically managing and optimizing the performance of the real estate portfolio as a whole.
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.
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.