Lease Management
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Unlocking Cost Savings with Cloud-Based Lease Management
The property management industry is continuously evolving, driven by advancements in technology and the ever-changing needs of property owners and tenants. One significant development in recent years is the increasing adoption of lease management solutions. These solutions enable property managers to streamline their operations, offer enhanced services to their clients, and ultimately drive greater success…
Maximizing Property Management Efficiency with a Lease Repository
A centralized lease data repository is critical for a property manager for several reasons: Efficiency: A centralized system consolidates all lease information in one location, making it easier for property managers to access and manage data. This saves time and effort, as they no longer need to search through multiple sources or physical files. Accuracy:…
The Future of Property Management: Embracing Lease Solutions
The property management industry is continuously evolving, driven by advancements in technology and the ever-changing needs of property owners and tenants. One significant development in recent years is the increasing adoption of lease management solutions. These solutions enable property managers to streamline their operations, offer enhanced services to their clients, and ultimately drive greater success…
Cloud Lease Accounting & Management Benefits for Property Managers
There are several benefits of a cloud lease accounting and lease management solution for property managers, including: Improved accuracy: Cloud lease accounting and lease management solutions automate the lease accounting process, reducing the potential for human error. This results in more accurate financial reporting and better decision-making. Centralized data: Cloud solutions provide a centralized location…
Benefits of a Centralized Contract Management Solution
Centralized contract management solutions in the cloud offer several benefits to organizations, including: Accessibility: With a cloud-based solution, contract information is accessible from anywhere and at any time, as long as there is an internet connection. This enables organizations to manage contracts remotely and provides flexibility to access important information when needed. Efficiency: A centralized…
Why Spreadsheets Are Not Ideal for Managing Leases Under ASC 842
The FASB and the IASB (“the Boards) held a joint meeting on October 22, 2014 to continue deliberating the proposals in the May 2013 Exposure Draft, Leases. The discussion centered exclusively on the definition of a lease and, for the most part, reiterated the tentative conclusions that had been previously discussed. The Boards indicated that a…
Tech Solutions for Efficient Lease Management
Lessees often underestimate the transformative power of technology when it comes to effectively managing their lease portfolios. Within the complex landscape of lease agreements, there are frequently option features and triggering events buried in the fine print that demand vigilant monitoring. Relying on outdated methods such as Excel spreadsheets or paper files stashes in cabinets…
Highlights from the FASB and IASB Joint Meeting
We’ve written this free whitepaper for bank executives with real-world responsibility. We’ve all seen endless hypothetical blather about the proposed lease accounting changes - but most of it is generic…for someone with a lease. So we created a fully researched and documented deep dive into the specific implications to banks. It covers topics that aren’t…
Lease Accounting Changes: Implications for the Banking Industry
We’ve written this free whitepaper for bank executives with real-world responsibility. We’ve all seen endless hypothetical blather about the proposed lease accounting changes - but most of it is generic…for someone with a lease. So we created a fully researched and documented deep dive into the specific implications to banks. It covers topics that aren’t…
Whitepaper: Impact of Lease Accounting Changes on the Banking Industry
We’ve written this free whitepaper for bank executives with real-world responsibility. We’ve all seen endless hypothetical blather about the proposed lease accounting changes - but most of it is generic…for someone with a lease. So we created a fully researched and documented deep dive into the specific implications to banks. It covers topics that aren’t…
Effectively Compare Leases During Negotiations
In a previous Blog posting, we introduced our readers to the Lease Analysis component of iLeasePro, our comprehensive lease management technology solution specifically designed for lessees. We indicated that Lease Analysis is an invaluable tool that supports lease negotiations and lease reassessment by providing the user with the technology for evaluating all the financial terms…
Lease Expense Classification: Its Broader Impact
The revised Exposure Draft on proposed Lease Accounting Changes issued in May 2013 (“the Revised ED”) contains provisions on expense classification that has broader implications than may be evident initially. For Type B leases, principally leases of property (real estate), the proposed expense is classified as lease expense and the expense recognition pattern is straight-line,…
The New Lease Accounting Standard and Debt-to-Equity Ratios
In the past, we have discussed various aspects of the new lease accounting standard that is currently being jointly proposed by both the FASB and the IASB. The new standard will require that all leases, except short term leases, be recognized as liabilities on the lessee’s balance sheet. This will result in a dramatic change…
Evaluating Lease Alternatives: Key Considerations
Evaluating Leasing Alternatives Many times when lessees are presented with the need to evaluate equipment or real estate leasing alternatives, the analysis of the lease focuses solely on the base rent payment terms. Limiting the analysis can be a dangerous trap and ignores key considerations that are required to fully understand financial impact of a…
Effective Lease Management and Accounting Tools
We have some exciting news to share with all of our readers. iLease Management LLC will soon launch a lease management and accounting tool that will meet the critical needs of lessees as they react to the new lease accounting standards and continuously try and gain efficiency in their day to day operations. As we…
The Importance of Automating Lease Management Processes
The importance of an automated Lease Management process During challenging economic times like these, it is critically important that property lease documents and its data be easily accessible and accurately represented by the managers of the property. Property owners and managers that are not strategically using a well-defined repeatable process and lease abstracting software to…
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