As the real estate industry continues to evolve and shift, property owners, real estate agencies, and REITs are trying to establish high-performing finance and accounting operations.
Notwithstanding the operating costs and competitive pressures, property managers, lease administrators, and finance teams are still required to manage their costs prudently while aligning their strategic activities with overall business objectives. However, given the scale of their operations and the associated complexities, finance teams are left constrained for time to focus on value-added activities, as they are under continually pressured to optimize noncore/transactional finance functions to contain cost and improve cash flow.
Outsourcing finance and accounting noncore functions can significantly improve cost efficiency and provide better control and visibility across these functions while boosting quality and service levels.