Property management software news, views and industry trends
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…
When to account for COVID-19 lease concessions
Commercial tenants and landlords have spent their year adapting to the challenges of the pandemic. As stores, restaurants, and other commercial venues shuttered, lease terms and conditions had to be renegotiated and some rent payments needed to be de…
Creating a workplace to meet the needs of today’s agile workforce
In recent years, we’ve seen a shift toward an increasingly mobile and flexible workforce. It’s a trend that doesn’t seem to be slowing. By 2022, it’s predicted that 1.87 billion people will be mobile employees, comprising 42.5 percent of the total gl…
Top 5 functional requirements to consider when evaluating lease compliance software
Companies tasked with ensuring compliance with ASC 842 or IFRS 16 or both have a daunting challenge before them. They must pay attention to three major areas; Data, Company Policy and Affected Disciplines, and lastly, Software. Towards the end o…
Why Data Integrity is the Key to IFRS 16 Compliance: Streamlining 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: Data Abstraction
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