News, views and industry trends

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

Why Data Integrity is the Key to IFRS 16 Compliance: Identification

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

Changes in the CRE environment (and the need for technology)

The corporate real estate sector is changing fast, as a result of changes in the way people work, the introduction of new technologies and the ongoing pressure on businesses to save costs wherever possible. According to the Live Work Play 2016 report by CBRE, 78% see workplace quality as important when choosing an employer, and … Continued

Why Real Estate Can’t Leave It to Finance to Ensure Compliance with Accounting Reforms

While finance has a key duty to ensure compliance with accounting standards, reforms to the rules on leasing will bring real estate and its property management technology into the picture. Who should take responsibility for leading the response to the new accounting standards that the International Accounting Standards Board and the Financial Accounting Standards Board … Continued