How AI can Produce Quicker & More Accurate Lease Abstraction

Accurate and timely lease abstraction is critical for many types of organisations; from retailers and occupiers wanting to manage their leased portfolios, to landlords and property managers seeking to ensure their obligations are met, and accountants and lawyers trying to deliver for their clients. Unfortunately, the process is labour intensive, time consuming and error prone. […]

Read More… from How AI can Produce Quicker & More Accurate Lease Abstraction

What is AASB 1060 and What Does it Mean for your Business?

New AASB 1060 standards were issued in March 2020 by the Australian Accounting Standards Board (AASB) to come into effect from periods beginning on or after 1 July 2021 (years ending 30 June 2022 and onwards). So what do these new standards actually mean for your business? Will you have to change your disclosure systems? […]

Read More… from What is AASB 1060 and What Does it Mean for your Business?

Lease Audits – A Key Risk Management Tool

In this blog post we will explore lease audits and how they are a key risk management tool for any business with a commercial lease portfolio, big or small. What is a lease audit? A lease audit is the process whereby lease provisions and obligations are examined and interpreted to ensure they have been appropriately […]

Read More… from Lease Audits – A Key Risk Management Tool

How to Review your Lease in Less Time

Commercial leases can be extremely complex and difficult to comprehend, with hours of manual review often required to accurately understand your obligations. For any business who deals with numerous properties and therefore a multitude of leases, the lease abstraction process is time consuming, laborious, error prone, costly and inefficient. There is a better way. Accurait® […]

Read More… from How to Review your Lease in Less Time

Key Features of an Effective Lease Management System

Property Lease Management Systems are sophisticated and powerful tools which assist lessees across the country (and around the world) in organising and managing their obligations of their leases. However, a recent influx of software solutions of all shapes and sizes for commercial businesses begs the question, “How do I tell which one is the best […]

Read More… from Key Features of an Effective Lease Management System

Managing Data Sequencing in Lease Portfolio Management

Accurate data sequencing and entry is integral to effective lease portfolio management and when not done correctly can severely impact the forecasting, data quality and IFRS-16 compliance of your company. This article looks to address the three most prevalent errors in data sequence input when using modern lease management software; Backdating, Adjustment Overrides and Data […]

Read More… from Managing Data Sequencing in Lease Portfolio Management

How Lease Management Systems Solve Key Industry Challenges

Portfolio managers know that data integrity and quality are paramount when managing leased portfolios. Without reliable information, it is impossible to keep track of the numerous complexities within leases and ensure that business expenses (such as rent, outgoings, promotion levies, storage fees etc) are accurately accounted for and that IFRS-16 / AASB 16 calculations are […]

Read More… from How Lease Management Systems Solve Key Industry Challenges

Quantifying the ROI on AI in Lease Management and AASB 16 Compliance

This is an in-depth look into how data extraction software is changing the way lease portfolio managers operate and comply with AASB 16. Artificial Intelligence (AI) Lease Reading and Information Extraction Technology is making inroads into how lease portfolios are managed and organised, leading to improvements across the lease management sector to truly make people’s […]

Read More… from Quantifying the ROI on AI in Lease Management and AASB 16 Compliance