There are many lease management solutions in the market for businesses seeking to find a fit for purpose system that will enable the lessees to effectively manage their lease obligations.
In the modern world, access to your lease data has become more critical than ever. Total accessibility across desktop, tablet and most importantly mobile devices have driven greater productivity outcomes for end users.
Some key features to consider when making the choice of which solution to implement are as follows:
Compliance
Ensuring that the lease solution can provide an audited record of all activities related to your portfolio available for review at anytime. This ensures that the data inputted in the system is always tracked and complainant and enhances risk management protocols.
Document Control
The ability to have a secure registry of all documents related to your lease portfolio in one location is not only convenient but provides the business with document integrity.
Intelligent Mapping
Integrated mapping tools which are seamless and provide a complete view of a portfolio are invaluable in making short, medium and long-term network planning strategies when managing a lease portfolio of any shape and size.
Live Dashboards
Data analysis for many businesses has become the number one tool when undertaking key business decisions. Hence the importance of having live and interactive dashboards which are directly linked to your lease data are of critical importance. The ability to assess key data points such occupancy cost ratio’s, rent per sqm and lease expiry dates will drive enhanced portfolio management outcomes no matter how big or small your lease portfolio size is.
Flexible Reporting
The ability to report on any data points in your lease management system should be provided as standard. This will result in a fit for purpose solution with endless flexibility to create and run reports that suit the business needs.
Safe & Secure
Data protection and security need to be a major priority when assessing a lease management solution to implement in your business. Ensure that robust SSL protocol encryptions are in place and that all the leasing data is regularly backed up.
