A single lease management system for real estate occupiers in Canada, providing an easily accessible resource for all lease information and documentation
At the most basic level, those involved in CRE lease management should understand every lease commitment throughout the portfolio. However, the role now has many more complexities including accurate reporting of the new IFRS and FASB regulations, which obligate that you are able to advise on the impact of current and future leases on the company balance sheet. Easily consolidating all of your portfolio information into a single system is likely to be one of your core objectives. Having your lease management software integrated with your real estate, facilities and other corporate systems would drastically improve efficiencies and communication. A multi-currency, and multi-lingual solution could help you manage global lease portfolios in one easy-to-use platform.
Lease management software features
Track key lease data
Never miss a critical event with automated notifications, including start and end dates, break clauses, rent reviews, rent free periods and indexations.
Manage rent and other property payments by integrating wiht your corporate ERP system.
Analytics and insight
Ensure complete financial control by seeing a comprehensive overview of all cost-driven information.
Improve business processes to drive reduction in time from initial concept to actual building use.
Software for Lease Managers
A lease administration solution is ideally suited to assist both lease managers and corporate real estate departments. As a lease manager in Canada looking to streamline working processes, our software enables you to:
Focus on higher value activity
Improve decision-making with more accurate and detailed information
Access a single source for all lease-related data, reports and documents
Streamline working processes
Provide effective reporting that best reflects the needs of your operation
Strengthen relationships with service providers and support groups, as well as legal, finance and risk management
Improve lease management transparency for business unit leaders and senior real estate executives
Property & equipment leasing
IASB & FASB compliance for both property portfolio materiality and non-property assets.
IASB & FASB compliance for lease receivables linked to a head-lease payable, whether the subtenant is a third party company or intercompany.
Lease level accounting
Audit trail for each lease of all balance sheet calculations, each displaying amortisation, opening/closing liability, interest, depreciation etc for each period in line with company-specific accounting calendar.
Discount rate management
Definition and management of discount rate strategy - lease by lease, implicit, asset class.
Group Vs Entity Reporting, FASB and IASB dual reporting for organisations requiring to declare the impact on the balance sheet of leases across multiple entities within a global group.
Lease exemptions and classifications
Automated classification of short term leases and small value lease exemptions, along with FASB operational and finance lease classifications.
Adoption method modelling
Model leases on full retrospective, modified a, modified b to understand the material impact.
Compounding on a daily rate or monthly rate in line with a client’s accounting calendar i.e. standard calendar months, retail accounting periods (4-4-5).
Lessee and lessor disclosure reports (IASB & FASB).
IASB and FASB journal entries per period – standard reporting or ability to interface to ERP.