Lease Management: The Importance of Documentation & Compliance
Lease Management Software Document Management
We all know that documentation and compliance has become extremely important in our current
business environment, i.e., clear and complete explanations as to why certain actions or changes have been made and the
ability to identify the source of those changes. But sometimes it can be time consuming and difficult to provide the
documentation and identification of responsibility that is necessary, even when a technology product is being used.
When we were designing iLeasePro lease management software, our technology solution
for Lessees, we anticipated the need to address these issues and incorporated two user friendly features into our
product that facilitate documentation and compliance.
The Notes feature allows the user to add a notation on any
page within the application that can provide critical additional documentation and explanation. It is easy to use - just
bring up the Note, insert your explanation and it is attached to that page and there for any user to
reference.
The Change History feature identifies any addition, deletion or modification made to the original
lease information input into the application. This feature stores and reports those changes, identifying the timing and
the individual responsible for the entry thereby facilitating audit and management review.
Technology solutions
must evolve and be designed to meet the current requirements of the marketplace. These are just two examples of how
iLeasePro is meeting the demands of the marketplace.
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