The Need to be Efficient Has Never Been More Critical

To maximize the contribution that the corporate real estate department makes to the company, the entire real estate portfolio must be managed at peak efficiency. There is great opportunity in this area to make a significant impact on your company’s ability to reach its business goals, and this need will only increase in the future. Gone are the days when we only have to tighten our belts for a few financial quarters. To stay viable in the new economic environment, companies have realized that effective real estate asset management has become a competitive weapon that can fuel revenue and goal achievement. Streamlined portfolio operations must become the norm to ensure:

• Leases are managed effectively to take advantage of renewal clauses and options
• Landlord and developer relationships are managed to attain increased efficiencies
• Critical portfolio information is instantly accessible to enable advantageous decision making

With the VP Corporate Edition, you get the ability to quickly summarize critical portfolio data that can dramatically drive cost-saving decisions for your company. The corporate real estate department can become an efficient organization that eliminates information silos, stays within budget and corporate efficiency mandates, better manages its existing portfolio, maintains better asset lifecycle information and leverages all available lease terms to their advantage. With industry embedded best practices that help you establish or improve existing processes, you can:

• Prepare for the upcoming FASB changes to lease accounting rules
• Capitalize on lease term opportunities
• Meet goals for managing critical dates and costs
• Maximize the benefits of negotiating with landlords
• Implement or revitalize document management processes
• Capture in one system all critical location and lease information
• Improve real estate information management to support reporting and auditing requirements
• Support accounting and finance functions including AP/AR data updates, charge approvals, submissions/bookings, straight-line rent adjustments and budgeting
• Ensure on-time, on-budget completion of real estate transactions