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Make Room for Lease Accounting Software Lease managers ''would like to think that Excel will do the job,'' says one executive, but new software is helping companies rid themselves of many cumbersome manual tasks.

Esther Shein, CFO.com | US
April 18, 2005

Real Estate Is A Strategic Asset For Companies

There is no doubt that real estate is crucial to the financial performance and success of a company.

Many companies generate top-line improvement in their financial performance by utilizing sale-leasebacks of buildings as a source of capital to increase revenues.

By renegotiating lease agreements, disposing of underperforming assets, terminating underperforming locations and implementing tighter financial controls, companies are able to reduce their real estate expenses.

One example of the cost savings generated by a lease accounting system is Nokia, one of TRIRIGA's customers, whose real estate management function was alerted by our system of a lease renewal that would automatically renew unless explicitly cancelled by the tenant. This one notice and the subsequent actions taken represented an annual savings of two million euros per year.


John Clark
TRIRIGA Inc.

Posted by John Clark | Sep 3, 2009 11:25 AM ET