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Online stores, unlike brick and mortar stores, do not have the advantage of interacting with the customers in person, in absence of which the catalog becomes the storefront, in other words your salesman. Therefore, ecommerce catalog management plays a key role in delivering great customer experience and can no longer be delayed or overlooked. You
The US Law defines CAM charges as the expense that a tenant is expected to pay up on a pro-rata basis towards the annual maintenance, repair and operation of common utility areas, as incurred by the landlord / property owner. In the real scenario, CAM charges are basically whatever the landlord has mentioned in the
Real estate players are increasingly installing lease administration and accounting software. Given the stringent compliance mandate by International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB), expansive portfolios and complex nature of transactions, software applications have become rather mainstream. While some prefer to go for a single vendor approach for both
Commercial real estate can be a very lucrative business but managing it is a different ball game altogether. All things considered, commercial property management can be tedious, complex and extremely time-consuming. It is a demanding process and if not done well can negatively impact business. Hiring a property management can help run operations smoothly, but
Lease abstraction is one of the key and fundamental part of commercial real estate industry. As you are aware, lease abstracts are summary of most important details of a lease presented in an easy-to-read format. It allows commercial real estate property owners to stay on top of key data points across their lease portfolio –
Did you know that A+ enhanced marketing content (EMC) can boost your conversion on Amazon by up to 10%? In a nutshell, EMC allows you to add rich product details, extra high-quality images and promote brand to drive more brand awareness. A+ Content not just boosts conversion but also attracts customers who may not be
Common Area Maintenance (CAM) and other operating expenses are carefully defined and included in the lease. While these clauses clearly outline the tenant expenses, more often than not real estate owners end up losing money due to incorrect reconciliation. Inaccurate CAM reconciliations can result in losses that can run up to tens of thousands of
Do you know that 98% shoppers are dissuaded from completing a purchase due to inaccurate or missing information? Catalog management, if not done properly can be detrimental for the business. But as an ecommerce player you probably are already aware of the fact that a well-managed product catalog acts as a solid foundation that can
Marketplaces have played a crucial role in shaping the expectations of modern consumers. Extensive range of brands, plethora of product choices, competitive and low prices, personalized experience, seamless checkout and above all mostly free and fast delivery – have completely redefined the ecommerce space. From Amazon, Google to Facebook, all these giants are rapidly evolving
Lease administration is a commonly used term, even though it is rarely understood in its entirety. As commercial property managers/owners you realize that managing leases is an integral part of your company’s operations. And lease administration is not a one-time task, rather it is a continuous process that allows you to manage and ensure all