Property management software news, views and industry trends
Top 4 challenges of Excel-based lease accounting
Including Microsoft Excel in your lease accounting workflow may seem like the simplest or most practical way to manage simple accounting tasks. And it would be – if the business landscape never changed. While Excel can be a great starting point, it c…
How leasing software mitigates the challenges healthcare organizations face
Healthcare organizations face numerous challenges, ranging from managing their resources efficiently to ensuring regulatory compliance and providing the best possible care to patients. One of healthcare organizations’ most significant challenge…
More data, more problems: The need for collaboration across real estate teams
Every action that takes place in and around a building has the potential to create data – and lots of it. Information comes from leases, work orders, energy usage alarms, sensors, and more. The people that set foot on your property generate data poin…
What is Lease Accounting?
Effective from December 15, 2018 for private sector organizations, and more recently in the public sector from December 15, 2021, ASC 842 is the new standard for lease accounting issued by the Financial Accounting Standards Board (FASB). Meanwhile, G…
A guide to lease audits
For companies handling a large number of leases that are either very complex or have high churn, lease audits are a necessary but resource-intensive process. Whether a company acts as a landlord, a tenant, or both, it can be challenging to stay on …
Quadrant names MRI Software a Technology Leader in Integrated Workplace Management Systems
We’re proud to announce that MRI Software has been recognized as a Technology Leader in the SPARK MatrixTM: Integrated Workplace Management Systems Research, 2021 from Quadrant Knowledge Solutions. Learn more about MRI’s Integrated Workplace Manageme…
Key accounting factors to consider when making lease modifications
In the aftermath of the pandemic, many organizations are re-evaluating the amount of available workspace in their leases, whether for space management or financial reasons. This requires real estate accountants to modify leases properly and stay comp…
Lease administration: The key to uncovering hidden costs in your leases
For a corporate occupier, managing the complex leases within the organization’s property portfolio is a tedious endeavor, especially given how difficult it can be to ascertain the true monetary value of a lease. When it comes to managing a large port…