Poor commercial lease management can result in some very damaging issues including missed deadlines, error in tracking critical dates, data inaccuracies, and risk of non-compliance and subsequent penalties. While managing an expansive lease portfolio is a tedious, complex and demanding process, if not done efficiently it can have significant negative business, financial and reputational impact.
People’s preference in travel is shifting drastically. Travelers are now enthusiastic about new experiences and there is a substantial rise in solo travel. All this is made possible by rapid digitization. Today, people simply jump on to the internet to start planning their international or domestic vacations. Travel websites and smartphone apps have given unrestrained
Accurate lease data abstraction is key to efficiently managing commercial real estate portfolio. It not only saves time and effort but also alleviates operational and financial risks. However, abstracting, formatting and managing key lease information is an arduous, time-consuming and challenging task. If data is not managed properly the very purpose of lease abstraction will
Ecommerce marketplace is undeniably a great platform for brands and retailers to reach wider audience and expand their market share. While there are opportunities galore, reconciling payments from these marketplaces pose significant challenge. Many sellers end up suffering losses due to glitches in payment system and overcharges. Typically, sellers receive payment based on the agreed
Augmented reality (AR) and virtual reality (VR), these emerging technologies have found their application across many industry sectors. In fact, they are turning out to be game changers within the manufacturing sector. Similarly, AR/VR is also making strides in real estate, shifting the way businesses stage, sell and market their properties and the way potential
Catalog management still remains a challenge for the majority of medium- and small-sized e-commerce stores, which employ relatively smaller teams who juggle a variety of roles on a daily basis. Plus, online catalogs are often managed manually using excel sheets, resulting in poor quality and inconsistent and inaccurate data across selling platforms. To make matters
Common area maintenance (CAM) reconciliations are important as the money recovered is used to operate and maintain the property. Commercial property CAM reconciliation is complex, arduous and time-consuming task. It demands focused and meticulous review of multiple leases and accurate calculation of tenant share based on lease terms, granted modifications and other pre-determined expense caps.
As ecommerce continues to grow at an unprecedented rate, the online shopping experience is becoming even more rich and sophisticated. Brands across sectors have realized that images play a key role in driving conversion and have started to add bigger and better images. But what many do not understand is that if images are not
Both Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) brought in sweeping changes, compelling real estate industry to rethink not just lease accounting but also lease administration processes. Aside from extensive regulatory changes, proliferation of digital technology, changing stakeholders’ expectations, volatile economic environment and intensifying competition continue to present daunting challenges
Consider yourself as a buyer, would you be willing to make a purchase after reading a bad product description? Doubt that. We can safely assume that poorly written copy can potentially turn shoppers away. We may not have statistics to prove what impact product descriptions may have on product sales. While some products may simply