Effective Lease Management with Accurate Data at Your Fingertips
Data integrity is a key component of any commercial property management system. It plays a key role in your organization’s ability to make important operational and financial decisions, report on the success and health of your portfolio, and ensure t…
Strengthening Lease Administration with AI-Powered Lease Abstraction
Managing an increasingly complex lease portfolio can lead to concerns regarding data consolidation, validity, and integrity. When analyzing your leases to make critical, long-term decisions for your business, it’s crucial to have easy access to authe…
[White Paper] GASB 87 Lease Accounting: How to Become Compliant
Changes to requirements for lease accounting had been on the cards for some time and as of June 15th 2021 the implementation of GASB Statement 87 Lease Accounting is now a mandatory requirement. This means that what used to be called operating leases…
Why is Lease Administration Crucial for Your Lease Accounting Solution?
Lease accountants leverage PropTech solutions to assist in managing their lease portfolio’s costs and financial reporting. However, these solutions may lack key functionalities to effectively manage and track all their leases, or the accountants don’…
ASC 842: Tools, Solutions, and Services to Ensure Compliance
Maintaining lease accounting compliance is a top priority for any organization who leases space. However, questions about deadlines or technology effectiveness may arise when addressing compliance. You need to draw on vital information from lease doc…
Managing Leases Nationwide at MRI Software
Like many other businesses, MRI Software faces the challenge of managing the financial commitments around its leases for multiple properties across the country. In this case study, we’ll explore how the MRI facilities team uses MRI Lease Administrati…