Your SlideShare is downloading. ×
Lease Administration: Step Up from Word & Excel
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

Lease Administration: Step Up from Word & Excel

3,080
views

Published on

Realogic's Miles Baltrusaitis presented the topic Lease Administration: Step Up from Word and Excel on June 24th, 2010. This is the visual component of that presentation.

Realogic's Miles Baltrusaitis presented the topic Lease Administration: Step Up from Word and Excel on June 24th, 2010. This is the visual component of that presentation.

Published in: Technology, Business

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
3,080
On Slideshare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
33
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide
  • What we provide:Commercial Real Estate Software company Who we serve:CRE Owners, Managers & AnalystsWhat they get:Applications that integrate data from existing platforms to save time and money
  • What we provide:Commercial Real Estate Software company Who we serve:CRE Owners, Managers & AnalystsWhat they get:Applications that integrate data from existing platforms to save time and money
  • What we provide:Commercial Real Estate Software company Who we serve:CRE Owners, Managers & AnalystsWhat they get:Applications that integrate data from existing platforms to save time and money
  • What we provide:Commercial Real Estate Software company Who we serve:CRE Owners, Managers & AnalystsWhat they get:Applications that integrate data from existing platforms to save time and money
  • Transcript

    • 1.
    • 2. What is Lease Administration?
      (other than lots of paperwork)
    • 3. What is Lease Administration?
      Lease Review and Abstracting
      Accounting and Processing
      Lease Audits
      Information Management and Reporting
      Paraphrased from Wikipedia entry
      http://en.wikipedia.org/wiki/Lease_Administration
    • 4. What is Lease Administration?
      Figures quoted from Deloitte 2010 lease administration benchmarking survey
    • 5. Who are Lease Administrators?
    • 6. Who are Lease Administrators?
      Tenant Side
      Landlord Side
      3rd Party (for either side)
    • 7. Who are Lease Administrators?
    • 8. Miles Baltrusaitis
      Sr. Associate
      3 years: 3rd Party (Tenant)
      3 years Landlord-Side
      3 years 3rdParty
      (Landlord & Tenant)
    • 9. “In the wake of the corporate scandals of the 2000s, increased regulations have created an elevated focus on the accuracy of financial statements and the strength of control systems.”
      Why Lease Administration is “Key”
      “In large organizations, lease administrators are responsible for ensuring the accurate administration of millions of dollars each month.”
      - Scott Tibbo, Expense Management Solutions
    • 10. Why Lease Administration is “Key”
      Tenant Lease Audits
      Landlord Lease Reviews
      Figures quoted from Deloitte 2010 lease administration benchmarking survey
    • 11. How is Lease Administration Done?
    • 12. How is Lease Administration Done?
    • 13. Lease Administration:
      Step Up from Word & Excel
    • 14. Step Up from Word & Excel
      Aww, Do I have to?
    • 15. Step Up from Word & Excel
      Industry Resistance
      “20% of companies performing lease administration said they use Excel or Access to handle lease administration, rather than software specifically designed for the job.”
      Figures quoted from Deloitte 2010 lease administration benchmarking survey
    • 16. Step Up from Word & Excel
      Variables to determine “System”
      Feature Requirements
      Size of the portfolio
      Integration requirements (Financial Systems)
      Ease of Use
    • 17. Step Up from Word & Excel
      Feature Requirements
      • Reporting
      • 18. How sophisticated/detailed do you need?
      • 19. Subject to SOX?
      • 20. Document Management
      • 21. Scanning Lease Documents?
      • 22. User Efficiencies
      • 23. Snippets
      • 24. Templates
      • 25. Custom Checklists
      • 26. Accessibility
      • 27. Offshoring/outsourcing
      • 28. Real-time live data sharing over web
    • Step Up from Word & Excel
      Portfolio Size
      Dictates Amount of Workflow and Staff
      Desktop Apps do not scale well
      Ever try stitching an Options Report from 600 Excel Abstracts?
    • 29. Step Up from Word & Excel
      Integration Requirements
      Synchronize Financial System data
      Avoid re-keying to save time/reduce errors
    • 30. Step Up from Word & Excel
      Ease of Use
      Getting Started vs. Gaining efficiency
      What is staff turnover rate?
    • 31. Owners managing 250 leases or more had 41% staff turnover in 2009.
      Tenants managing more than 100 leases had 42% staff turnover.
      Figures quoted from Deloitte 2010 lease administration benchmarking survey
    • 32. How do we know all this?
    • 33. Three Facets of Realogic
    • 34. How realogic is involved
    • 35. Web-Based Abstracting & Administration
      Web-Based Budgeting & Reforecasting
      Excel Add-In for ARGUS data Analysis & Reporting
      Synchronize accounting data with ARGUS Valuation-DCFTM
    • 36. One system for entire asset life cycle
      Reuse data in your Accounting System
      Abstract Non-Lease agreements
      Improve accessibility with web distribution
      Increase efficiency with standardization
    • 37. Integrated with accounting systems
      Less re-keying improves accountability
      Audit features let you know data origin
      Finish sensitivity and stress assets quickly
    • 38. Imports ARGUS-DCF data into Excel workbook of reports
      Analyze individual assets or portfolios
      Improves analytics with reports ARGUS can’t provide
    • 39. Synchronize accounting data with ARGUS-DCF
      Available for one-time conversion or ongoing
      Stand-alone or with
    • 40. http://realogic.net