Springbord

Springbord

M E N U
  • Home
  • About Us
  • Industry
  • Services
  • Why Springbord?
  • Resources
  • Contact Us
    • Real Estate
    • E-Commerce
    • Financial Services
    • Information Publishing
    • Online Travel Aggregators
    • Shipping
    • Data Management
    • Content Writing
    • Property Management
    • Finance & Accounting
    • Predictive Analytics
    • Sports Data Capture
  • Thought Leadership
  • Blog
  • Case Studies
  • White Papers
  • Brochures
    • Careers   /
    • Privacy Policy   /
    • F.A.Q.   /
    • Terms and Conditions   /
    • Sitemap   /
    • Disclaimer Policy
MENU
  • Home
  • About Us
  • Industry
  • Services
  • Why Springbord
  • Resources
  • Case Studies
  • White Papers
  • Brochures
  • Contact Us
  • Home
  • About Us
  • Industry
    • Real Estate
    • E-Commerce
    • Financial Services
    • Information Publishing
    • Online Travel Aggregators (OTA)
    • Shipping
  • Services
    • Data Management
    • Content Writing
    • Property Management
    • Finance & Accounting
    • Predictive Analytics
    • Sports Data Capture
  • Product
    • Indian Private Company Database
  • Why Springbord?
  • Resources
    • Blog
    • Case Studies
    • Brochures
  • Contact Us

The Growing importance of Lease Administration within The Telecom Industry

  • Home
  • Real Estate
  • The Growing importance of Lease Administration within The Telecom Industry
 

The Growing importance of Lease Administration within The Telecom Industry

The Growing importance of Lease Administration within The Telecom Industry

The telecom industry is one of the most dynamic landscapes characterized by rapidly evolving technology and changing customer needs. To meet the ever-changing market demands, telecom companies are continually trying to expand their infrastructure. In this effort, leasing has emerged to one of the sought after strategies. But this has brought in added challenge. Organizations are already striving to innovate, improve, and optimize their network performance, they are now faced with a new challenge of managing extensive and complex lease portfolios.

Telecom players are under tremendous pressure to optimize resource utilization, meet the ever growing demand for data, ensure timely project completion, and cost optimization. But these challenges are further compounded with the escalating demand for effective lease administration for thousands of assets under lease. Let’s take a quick look at some of the key hurdles that telecom companies face in efficiently managing lease administration.

The Growing importance of Lease Administration within The Telecom Industry

Fragmented Processes
To begin with, most of the organizations rely on fragmented and siloed processes to manage lease and licensing processes. Storing data across decentralized systems make it increasingly difficult to have a comprehensive visibility into the asset data. This in turn not only results in data inaccuracies and inconsistencies but also gravely restricts organizations’ ability to tap into opportunities and utilize the asset optimally.

Efficient lease data management is key to capturing and managing critical lease data, streamline invoicing and billing and optimizing asset utilization.

Resource Constraint
As telecom companies buckle under cost pressure, recruiting, training, and retaining skilled and experienced lease administrators only further add to the cost burden. Plus, many companies are also struggling to retain talent as competition intensifies, making it further challenging to timely and efficiently manage lease portfolio. Lack of trained and certified resources often lead to operational errors, data discrepancies, and missed cost saving and revenue opportunities, negatively impacting asset performance.

Access to dedicated and qualified resources can help organizations streamline lease administration process and remarkably improve asset performance.
Complex Regulatory Requirements

The new accounting standards (FASB 842 & IFRS 16) mandate that all lease portfolios need to be meticulously tracked and scrutinized to identify and account for every lease component. Complying with the new standards demand efficient management of lease portfolio and its data for accurate and timely accounting. The new guidelines are complex and exhaustive making lease data management a tedious but a critical task all the same.
Compliance with lease accounting standards require an expert team who can capture and process lease data as per new guidelines and help maintain data accurately and consistently on an on-going basis.

The Road Ahead
Lease administration in itself is a complex, time-consuming, critical, and tedious task. And when companies are required to manage extensive asset portfolios, lease portfolio management becomes a herculean process. Realizing the challenges involved and the criticality of the process in the overall performance of the asset and business, the telecom companies are increasingly outsourcing lease administration to experts. Professional service providers bring the wherewithal to help companies efficiently and optimally manage their cell-tower/infrastructure lease portfolio through cost-effective engagement.

No matter where you are in your lease management process, tell us your challenges and we can help you overcome those hurdles. Springbord has been helping companies, for years, optimize portfolio performance and boost bottom line through a range of dedicated real estate services. Talk to us today to find out about our lease administration services.

Lease Administration for TelecomLease Administration Servicesoutsource lease administrationTelecommunications Lease Administration
Read more
0
Admin
Friday, 18 December 2020 / Published in Real Estate
Lease Abstraction Services
Amazon Marketplace Management and Product Listing Services
  • Tweet
Tagged under: Lease Administration for Telecom, Lease Administration Services, outsource lease administration, Telecommunications Lease Administration

What you can read next

Top Commercial Leasing Mistakes to Avoid
Take real estate marketing up a notch by outsourcing maps and aerials
Take real estate marketing up a notch by outsourcing maps and aerials
3 reasons why you should consider outsourcing real estate marketing activities
3 reasons why you should consider outsourcing real estate marketing activities?

Blog Search

Recent Real Estate Posts

  • The growing importance of lease abstraction

    The growing importance of lease abstraction

  • Take real estate marketing up a notch by outsourcing maps and aerials

    Take real estate marketing up a notch by outsourcing maps and aerials

  • Top 3 things to consider to ensure accurate CAM reconciliation

    Top 3 things to consider to ensure accurate CAM reconciliation

  • Are you aware of your CAM charges or are you overpaying?

    Are you aware of your CAM charges or are you overpaying?

  • The growing importance of image rendering in real estate

    The growing importance of image rendering in real estate

Recent Posts

  • The growing importance of lease abstraction

    The growing importance of lease abstraction

  • Top 5 tips for sellers to consider to maximize sales on Amazon

    Top 5 tips for sellers to consider to maximize sales on Amazon

  • Take real estate marketing up a notch by outsourcing maps and aerials

    Take real estate marketing up a notch by outsourcing maps and aerials

  • Top 3 things to consider to ensure accurate CAM reconciliation

    Top 3 things to consider to ensure accurate CAM reconciliation

  • Do you know that Amazon SEO is key to boosting your online sales

    Do you know that Amazon SEO is key to boosting your online sales?

Explore by Categories

  • Accessibility Services
  • Artificial Intelligence
  • Big Data
  • Blockchain
  • Case Studies
  • Content Marketing
  • Data Analytics
  • Data Management
  • eCommerce
  • Finance and Accounting
  • Financial Services
  • GDPR
  • General
  • Healthcare
  • Indian Private Company Database
  • Information Services
  • Lease Abstraction
  • Marketplace Management
  • Mobile Commerce
  • Niche Database
  • Online Travel Aggregator
  • Price Monitoring
  • Real Estate
  • Social Media
  • Sports Data Capture
  • Springbord
  • Technology

GET A FREE QUOTE

Please fill this for and we'll get back to you as soon as possible!

Connect With Us
hello@springbord.com

Categories

Real Estate

Lease Abstraction
Lease Administration
Lease Accounting
CAM Reconciliation
Argus Financial Modeling
Real Estate Marketing

Categories

E-Commerce

Marketplace Management
Amazon Marketplace
Product Description Writing

Springbord is a leading global information service provider specialized in providing customized data solutions to diverse industries.

Industry

Real Estate
E-Commerce
Financial Services
Information Publishing
Online Travel Aggregators
Shipping

Services

Data Management
Content Writing
Property Management
Finance & Accounting
Predictive Analysis
Sports Data Capture

Company

About Us
Why Springbord
Thought Leadership
Contact Us

Stay Connected

  • Facebook
  • Instagram
  • Twitter
  • Linkedin

© Springbord. All rights are reserved

Careers   /   Privacy Policy   /   F.A.Q.   /   Terms and Conditions   /   Sitemap   /   Disclaimer Policy

TOP