Much like an integrated pulse in healthcare, lease administration software is a critical tool for integrating data. From managing lease agreements for businesses, providing features such as lease tracking, payment processing, and document storage. However, as companies grow and their portfolios expand, managing this information can become increasingly complex.
Lease administration software integration is the process of streamlining lease administration platforms into one application that a business uses. This includes financial systems, accounting software, project management tools, and more. By integrating these systems, businesses automate many of their lease management processes. Thus, reducing the need for manual data entry and increasing accuracy.
Fischer Solutions’ approach to integration is fulfilled through our proprietary software, ManagePath. ManagePath is the integrated pulse of Lease Administration. It effectively monitors data streams from different software applications and synchronizing them in real-time. Keep reading below to see how ManagePath helps you to streamline, simplify, and save.
The Benefits of Integrating Your Lease Administration Software
ManagePath consolidates all of your existing software into one streamlined process. This takes away the need for the use of multi-platform lease administration.
For example, a business might use a financial system to manage their lease payments, but also need to track lease agreements in a separate platform. By using ManagePath, the business ensures that both systems are updated in real-time with payments, check history, and journal entries, reducing the risk of errors or discrepancies.
Another benefit is that it allows businesses to configure their workflows to fit their specific needs. ManagePath is configured to trigger specific actions based on certain events, such as sending reminders to the lessee when lease option notices are due or automatically updating lease information in response to changes in occupancy or lease terms.
By using Fischer Solutions’ ManagePath, companies ensure that all of their lease data is accurate and up-to-date across multiple software applications. This allows businesses to automate many of their lease management processes, reducing the need for manual data entry and increasing accuracy. If you are looking to improve your lease management processes, schedule a ManagePath demo today!