CoreNet Global Summits offer opportunities for members to network, learn and be recognized for professional achievements. CoreNet Global Summits bring corporate real estate (CRE) professionals together from across and from all aspects of the profession.
Expand your career through professional designation programs with CoreNet Global and grow your leadership skills in development programs customized for corporate real estate professionals.
Join in the vision of CoreNet Global as we continue to connect professionals, and the corporations they represent, worldwide through the offering of resources that help make CoreNet Global indispensable to the successful practice of corporate real estate.
CoreNet Global is an opinion leader in corporate real estate benchmarking, workplace and infrastructure management. Enhance your knowledge with resources like research papers, exclusive member survey reports and presentations from top speakers on hot industry topics. Members of CoreNet Global benefit from a wealth of research knowledge and resources.
CoreNet Global offers several ways for members to stay connected to the latest trends and news as it relates to corporate real estate (CRE). In an effort to stay connected to the latest information and CRE news, make sure you take advantage of all the offerings that are made available as part of your membership.
Join with CoreNet Global in our mission to advance the practice of corporate real estate through professional development opportunities, publications, research, conferences, and chapters and networking groups. Build life-long connections through interactions with like-minded professionals who are also looking for ways to gather and share corporate real estate knowledge.
A majority of lease administrators are focused on reducing expenses and capturing accurate and timely data on their leases, according to a new study by Deloitte. Leveraging advances in technology, many companies are seeking to improve management and reduce costs by using a centralized organization structure for lease administration, up from two thirds in the 2006 survey. Updating its 2006 benchmarking survey, Deloitte conducted a survey to assess how companies were approaching lease administration issues. The survey was completed by 209 executives at companies involved in lease administration including companies that lease commercial space ("tenants"), building owners who lease commercial space to tenants ("owners"), and companies that provide lease administration services ("service providers"). Key findings from the Deloitte report include: * Progress on integration of lease administration and accounting systems. The percentage of tenants who said their lease administration technology systems were not integrated with their financial systems declined from 81% in 2006 to 59% in the current survey. Among owners, only 22% said they had a stand-alone lease administration system, down from 46% in the prior survey. * Not all companies staying current with technology. Although many companies reported that they recently purchased or upgraded their lease administration software, roughly one third of tenants and owners had not done so for three years or more. * Data accuracy and integrity remains a challenge. Ensuring the quality of data -- essential for accurate reporting and sound management decisions -- was considered to be a very significant challenge by 30% of tenants, 40% of building owners, and 51% of service providers. * Benefits from lease audits and reviews. Roughly two thirds of tenants that conducted lease audits said that they had resulted in cost reductions, while about half of the owners who conducted lease reviews said they had resu
Keywords: Lease Administration, Organization Design, Human Resources, Outsourcing, Technology
Please login to access this document.