News, views and industry trends
What is lease management?
Lease management manages all aspects of a lease agreement, from creation to the ongoing management of the tenant-landlord relationship. Effective lease management is vital for property managers and landlords to reduce risk, maximise revenue and compl…
What is lease accounting? The basics simplified and explained
Effective from 1st January 2019 for private sector organisations and more recently in the public sector from 1st April 2022, IFRS 16 is the new standard for lease accounting issued by the International Accounting Standards Board (IASB). These latest …
What is the future of your real estate ecosystem?
When the pandemic struck two years ago, almost overnight, office workers switched to remote working and PropTech made the mainstream press, quickly becoming a business imperative. Once the real estate industry overcame the initial disruption and beca…
The changing landscape of retail real estate
The concept of ‘reinvention’ seems to be on everyone’s lips across many disciplines, many sectors, and many organisations, due to the global economy and business landscape evolving. Global challenges pile pressure on organisations to become more inno…
A balancing act: how technology continues to help businesses keep IFRS 16 compliant
Lease accounting rules were dramatically altered when the International Financial Reporting Standard (IFRS 16), requiring all leases to be recorded on balance sheets in a bid to increase the transparency of business exposure to costs, came into force…
4 reasons no-code AI is the future of real estate technology
What if your real estate business could leverage technology powered by artificial intelligence without requiring coding skills on the part of the user? This is the potential that “no-code AI” offers – the ability to let non-technical experts utilize …
How AI is improving the lease abstraction process
One of the biggest challenges in the commercial real estate sector has always been the cumbersome nature of leases. Commercial leases are filled with large volumes of detailed information and finding one specific point can take hours. The process of …
Why Data Integrity is the Key to IFRS 16 Compliance: Managing Data
IFRS 16 is about achieving greater financial transparency. The only way an organisation can truly accomplish this is by safeguarding the integrity of its lease information. It’s simply not enough to be in a satisfactory position by ‘deadline day’, rather businesses need to be ensuring they are fully compliant at any given time, throughout time. … Continued