Common area maintenance (CAM) expenses are a standard and key part of any commercial lease that helps cover the operating expenses These charges are calculated on a pro-rata basis and passed on to the tenants. That said, despite its importance in the upkeep of a property, the lack of a unified template for reconciling CAM
The digital world is a highly competitive one. The only way businesses can target prospective customers is to stay on top of the game. So, they come up with a million out-of-the-box ideas to entice the customers into feeling that their product is exactly what the consumers need. But what many businesses fail to understand
Companies that rely on internal teams or automation to annotate data often find it difficult to manage increasing workloads and yet assure the same quality, speed, and security. Automation is the first casualty in such instances. Why? A lot of time is spent on perfecting algorithmic models to accurately match complex behavioral patterns and make
The data annotation market is expected to grow at 25.6% for the next five years. The adoption of AI-based services in different domains has contributed to this rise in demand. Many sectors such as healthcare, automobiles, telecom, and e-commerce among others are finding it expedient to collect datasets from different sources and label them based
E-Commerce is growing at a remarkable pace. Having so many options to choose from is a buyer’s haven, but not so much for retailers. The increasing number of competitors and fake products poses quite a challenge for businesses to stand out and be visible. How can you stay on top of the competition and be
Lease administration plays a key role in efficiently managing lease portfolios and driving maximum returns. However, despite the high stakes most real estate companies, struggle to streamline lease administration. As a result, even minor errors end up impacting business significantly with companies running into hundreds of thousands of dollars in loss. Financial and operational risks
The hotel industry has always mined data in some form or the other. However, data management has undergone a paradigm shift with the hospitality industry continually looking for ways to realize the potential of big data to their competitive advantage. There is a flux of data that hotels produce across every business operation. Right from
To run a successful business, management needs to continually focus on maximizing sales, streamlining operations, managing employee performance, all the while ensuring cost of doing business is contained. It should not come as a surprise that often lease management therefore takes a back seat, where businesses tend to overlook expenses related to lease apart from
It is no secret that in this day and age, especially taking into consideration the sudden paradigm shift of consumerism, everything is about e-commerce. Why go out when you can shop within the comfort of your homes? Buyers now have a variety of options to choose from with just a click of a button. This
Managing large property portfolios entail a range of tasks that can make property management complex and tedious. Add to that, monthly property accounting and financial reporting can further compound these challenges. With so much at stake, real estate owners and property management companies are increasingly adopting outsourcing as their go-to-strategy for property accounting services to