This week we are excited to share with you all more about ARCHIBUS’ Lease Administration Application. This application allows users to centralize and automate lease administration processes to increase efficiency, reduce errors, and avoid penalties.
Benefits
- Automates processes for lease tracking and management
- Improves access of lease information to facilitate easy analysis and reporting
- Streamlines tracking of landlord and tenant responsibilities to avoid unnecessary charges
- Minimizes errors and speeds data entry through intuitive prompts, reducing administrative costs
One of the greatest benefits is that this application can proactively track leases and options through alerts. Additionally, Lease administration allows users to drill through a personalized hierarchy to find the lease you need to manage, as well as review lease specifics through tabbed views and geospatial queries.
Organizations with extensive lease portfolios are faced with the daunting task of tracking numerous leases with varying expiration dates and equally variable terms of tenancy. Relying on manual processes to track and manage these leases can result in errors based on inaccessible or inaccurate information, missed renewal dates, internal customer frustration, and possible monetary penalties. Web-based ARCHIBUS Lease Administration provides a centralized repository, flexible dashboards, automated alerts, and more. Deploying the application will help streamline data entry, automate lease information-gathering and management, and improve analytic capabilities, all while providing a high service level at reduced cost.