cirrus8 leaseAdmin Additional Features
In addition to the core features cirrus8 Lease Admin has in-depth functionality in the following areas useful for administering large scale commercial leases.
Dash boarding key portfolio information
The dash boarding shows total number of leases with total annual lease commitments, and other useful information facilitating strategic decision making, e.g. desk count, headcount, rent per square metre per state, rent per square meter per business unit.
Pop up key lease information
Users can click on a lease from the map which displays all pertinent lease information, e.g. lease start and expiry dates, options, address, rent commitments.
Consolidated reporting is useful in bigger organisation where there might be multiple legal entities who have lease commitments and group reporting requires consolidation. Reports can be output to preformatted excel files enabling the easy analysis of the data.
There is an extensive online help library with a search bar which enables users to quickly navigate to context specific help areas.
Multiple reporting views – by entity, state, business unit, suburb etc
Lease information can be reported out using a number of filters available. For example, you can report on leases in one state or one business unit. This is handy where there is regional responsibility for leases or looking to optimise lease commitments in region.
Lease expiry profiles
The chart showing the lease expiry profile is another risk management tool which decision makers can utilise to ensure business risk or exposure to high rents within a region is minimised. The lease expiry profile can be filtered by entity, business unit or suburb.
Drill down capability from the chart enables users to quickly and easily view the detailed information.
Rental invoice entry
Rent invoices received from Landlords can be entered into cirrus8 Lease Admin which is then used to compare with the lease record on the variance report. This report is useful in detecting any overcharges.
Online document storage
Multiple lease documents can be stored online and attached to the lease record. E.g. lease agreement, rent invoices, rent review letters. This facilitates the central storage of all important lease documents which can be viewed online at any time.
cirrus8 Lease Admin has a number of data fields which allows users to categorise and report on the leases in a number of different ways, e.g. type of lease (gross,net), expense lease or revenue lease, property type (commercial, retail, industrial, warehouse),etc.
Multiple user types
cirrus8 Lease Admin allows for different types of users to be set up depending upon their responsibilities for the leases. They can be set up as a ‘read only’ with viewing only permissions, or as a ‘lease admin’ with the ability to view, run reports and request for changes. The ‘lease administrator’ user types allows users to make lease record changes.
cirrus8 Lease Admin facilitates the compliance with new accounting standards AASB 16 Leases and IFRS 16 which applies to financial reporting periods starting after 1 January 2019. With this significant change in reporting requirements and major change to balance sheets, it is essential for companies to ensure they can comply by having an accurate and up to date database of lease information.
Our training department can provide online or onsite training to suit users’ needs. The training is an essential component to maximising the benefits of the system through having a sound base level understanding. The training combined with the extensive online help arms users with the knowledge to effectively use cirrus8 Lease Admin.
Our lease abstraction team is experienced in reading leases and abstracting them into the fully populated lease record within cirrus8 Lease Admin.
Conversion and migration services
We can help convert and import your data into cirrus8 Lease Admin or manage the transfer from another lease administration system. Our team has decades of years of experience so you know your data is in safe hands.
Lease administration services available
Your data is only as valuable as it is accurate and reliable. Our lease administration team specialise in maintaining the information up to date and relevant. We have years of experience in this field and deal with changes such as rent reviews, new leases, lease renewals, lease expiries, exercise of options and many more.
Our support services are there to help users who might be having difficulty in using aspects of the system or resolving data or other issues.
Our specialist knowledge of real estate and other systems enables us to provide IT consulting or integration services. This is particularly useful if wanting to integrate to various accounting services.
Our experienced lease audit team can go through all your lease information and validate and update it as required.
Corporate Real Estate Services
Although we do not directly offer leasing and consulting services our depth of experience in Commercial Real Estate enables us to put you in touch with the most appropriate referral partner. This is a complimentary service for clients only designed to help your business.