Blog Post

The Benefits Of Lease Portfolio Management | Exigent

June 12, 2017

Corporate compliance is just one of those pesky housekeeping issues that most find hard to monitor and complete. Sure there are shortcuts… but do you ever become 100% confident that you’re compliant in all areas? Especially jurisdictionally compliant if you happen to be a global or national entity? In my experience, technology is definitely key to ensuring the level of comfort required for basic tasks such as sleeping comfortably!

One of the “war stories” I recently heard was from a large US retailer. They presently manage all of their leases via Excel and Outlook calendar invites. Not exactly cutting edge technology! The issue for this retailer was that they had missed a renegotiation of one of their retail leases and it had cost them a small fortune. My answer for this retailer was simple… a lease portfolio management system powered by Exigent’s Chameleon. Once Chameleon is populated and fully functioning within the organization, the retailer can arrange for their in-house team, their external law firm or a service provider (such as Exigent – classic plug) to manage all of the renegotiations in a timely manner. Without Chameleon, the retailer has to depend on someone to “realize” a lease is expiring… technology can alert the relevant party, provide all of the information required and start the process before you even notice or “realize”.

Human errors do happen and the cost to corporate legal teams can be absolutely massive! Do you really want that to come down on you? How well do you sleep at night? With Chameleon… I sleep like a baby (or a very confident real estate portfolio manager).

Written by Clare Smith – Associate Director at Exigent Group Limited.

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