Lease Management Solution in 2018
Every week, we offer a glimpse of our TEM and UEM services provided to our clients. Most recently, we expanded upon our powerhouse, ExpenseLogic and its cutting edge capabilities. This week, we want to hone in on a service we offer that has developed over the years due to the progression of technology and a need for managing leases.
Lease management can either be for your facility, equipment or both. Essentially, anything that is leased should have the capability to see the contract terms, equipment or location information and changes that will occur over the life of the lease. Without an individual (or software) focusing on small details that are often overlooked, you may be potentially overspending hundreds of dollars that ultimately could have been saved and put back into your organization. While this may not be on the front burner since many times, the leases should manage themselves, however having a system that gives Business Intelligence in granular detailed reporting not only can save money but can free up your staff to focus on your core business strategy. So, what’s the most practical, cost effective solution to manage these leases to save you time and money?
We provide our clients with Lease Expense Management services for Real Estate, Fleet and Equipment at competitive rates. Utilizing a combination of contract, Inventory and Asset Management, RadiusPoint ensures that each client consistently maintains accurate information & detailed reporting while ensuring cost management practices are firmly in place. All information is stored in our proprietary software, ExpenseLogic so you have the visibility of what exactly is being audited. Our devoted lease management team works hard to ensure your needs and expectations are not only met, but exceeded.
Some of the areas that can be inventoried, tracked, reported and audited are:
- Term in Months
- Increase %
- Payment Frequency
- Number of Payments
- Months that are included at no charge
- Fair Market Value
For a complete list of auditable items, please visit our website here.
Identifying a company with robust online reporting tools that offers more than the standard realm of TEM services will not only uncover potential savings and optimize expenses, but will allow you to put the time and money back where it belongs – into your organization. For over 26 years, RadiusPoint has done just this and will continue to. Watch for upcoming articles that will provide more insight into our services in the coming weeks.