Supporting the administrative costs of a company’s real estate can be a significant drain on resources. Organizing, managing and monitoring leases is a significant challenge, especially where there is limited in-house support. Any delay in payments or missed timeline can cost companies thousands of dollars.(more…)
With the aim of covering some major accounting gaps, the new accounting standards came into force for public companies as of December 15, 2018. To comprehend the impact of the new accounting standards, we spoke to many companies who shared their experiences on the implementation of the new accounting standards. Most of them had the same thing to say – the compliance requirements are nothing like they expected it to be.
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The high attrition rate in the lease administration department remains a big concern for many companies. For a leading retailer, it was no different until they found an effective solution. Here’s their story!
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Planning on getting your leases abstracted? Here are 7 things to do before getting your leases abstracted.
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Did you heave a sigh of relief when the FASB compliance was pushed out to 2021? Your relief may have come a little too soon. Companies who have implemented or started the implementation process can tell you that it’s not an easy transition. This is especially true because the number, term, and type of lease will affect compliance. If your company is yet to get started on the implementation under the new standards, you may want to consider the following issues –(more…)
How RE BackOffice (REBO) is assisting America’s leading exclusive premium retailer for the largest communication technology company with effective and efficient Lease Administration Services.(more…)