Despite technology’s transformative impact on corporate real estate, many companies retain a decentralised and antiquated approach towards lease administration.
Lease agreements continue to be stored in excel spreadsheets and box folders of scanned files, making it extremely challenging for companies of scale to manage lease information, which in turn can drag on business performance and efficiency.
Upcoming changes to lease accounting standards requiring companies to report their lease liabilities and commitments is prompting an urgent review of lease management processes.
Help is at hand, with powerful new systems now available to help corporate real estate occupiers have visibility of and effectively manage all aspects of their global lease portfolios.
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