FASB 842 compliance is hard.
Picking a lease management system can be even harder.
We get it.
Most of the lease management companies offering this software today present similar features in different user interfaces.
And since everyone is clamoring to get the lease standards implemented pronto, many companies - who have little-to-no experience with this industry - have jumped on the lease management software bandwagon.
And they’ll do and say anything to get as many new clients as they can.
In fact, we’ve heard so many cautionary tales from customers and prospects about the shady tactics of these irrefutable lease management systems, we put together a list of the top 3 lies we’ve heard them tell over and over again.
Use them to ask the right questions and choose the best lease management software for your business.
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 ASC 842 software 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 are evaluating to ensure you are getting the ASC 842 software you need.
This is part two of a two part discussion about how technology that supports effective lease administration can result in a positive ROI.
This is part one of a two 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.