News, views and industry trends
Contract lifecycle management (CLM) and Contract Intelligence: integrating AI for enhanced business efficiency
Contract lifecycle management (CLM) is a time-consuming but essential process, vital for reducing compliance risk, ensuring accurate billing and minimising revenue loss. For many organisations, CLM is a manual process, and requires some specialist le…
How AI contract review automation transforms efficiency: exploring the benefits
In property management, handling contracts can often feel like a never-ending task. From sifting through dense legal jargon, to ensuring compliance with ever-changing regulations, the process can be both time-consuming and prone to errors. However, t…
Business continuity and disaster recovery (BCDR): A guide to uninterrupted business operations
Imagine if a sudden power outage halted your ability to collect rent or communicate with tenants. For property managers and landlords, disruptions like these can lead to tenant dissatisfaction and financial losses. Business continuity disaster recove…
How to prepare a business continuity plan for natural disasters
Natural disasters don’t just disrupt operations, they can derail your business if you’re not prepared. As a landlord or property manager, you need a clear plan to protect your assets, tenants, and team. This guide will show you how to create a practi…
Building automation vs. management: Key differences between BAS and BMS
When managing buildings efficiently, the terms Building Automation Systems (BAS) and Building Management Systems (BMS) often arise. These systems are essential for controlling building operations, but their differences can confuse property managers a…
What is asset management in facilities management?
Managing assets in facilities management is more than just fixing things when they break, it’s about being proactive. By optimising resources and extending asset lifespans, you can create a facility that runs smoothly, saves money, and stays reliable…
Can commercial property be used as residential?
Many commercial spaces remain underutilised as businesses adapt to remote work and changing economic conditions. These trends have sparked interest in converting commercial properties into residential use—a solution that addresses both housing shorta…
What are non-lease components in lease accounting?
Leasing plays a vital role in business operations, helping companies secure the assets they need without ownership. However, lease accounting can get complicated when agreements contain more than just base rent, specifically, non-lease components. No…