Organizations in the technology, media and telecom (TMT) sector often depend on property lease contracts as a revenue stream. This is true for towercos whose core business is renting tower space and energy as a service, as well as mobile network operators who optimize their property assets by sub-leasing space and network capacity. They need fast, accurate access to critical lease and financial data to ensure smooth accounting processes and portfolio management.
This paper aims to explore how, by using a specialist system, both lessees and lessors can handle leases more intelligently from property and space to IFRS 16 accounting.
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