- One system to manage the complete lifecycle of everything in your CRE portfolio
- The most efficient lease accounting and management tools
- Compliance with all regulatory and corporate governance requirements
- Built-in IASB/FASB compliance
Financial services branches and other commercial real estate (CRE) within the financial sector are facing greater challenges than ever and managing CRE in a cost-effective manner is critical to their sustainability. Real Estate modules, like those provided by IBM TRIRIGA, Eptura, ServiceNow, and more, offer financial services-specific elements to assist organizations in getting the most value out of their CRE portfolios.
Solutions to Managing Real Estate Expenses
Software like TRIRIGA or ServiceNow tracks critical lease information required for reporting against guidelines and regulations such as 10k reporting, deferred rent liabilities, future obligation statements, FASB 13 and 143, and lease accounting standards.
The new FASB accounting standards mean that leases are considered capital on the books. Because of this, lease management is more complex than ever—which makes it more important to handle it with an abundance of care and consideration. IBM TRIRIGA, Maximo Real Estate and Facilities, and other IWMS/CPIP software solutions have been designed to do just that and are enhanced to keep you in compliance with all new FASB requirements.
Streamlining existing processes and systems to improve real estate lease management
TRIRIGA provides for tracking critical lease information required for reporting against guidelines and regulations such as 10k reporting, deferred rent liabilities, future obligation statements, FASB 13 and 143, and the new lease accounting standards.
The new FASB accounting standards mean leases will now be regarded as capital on the books. Because of this, lease management will be more complex than ever—which makes it more important to handle them with an abundance of care and consideration. IBM TRIRIGA has been designed and updated to keep you in compliance with all new FASB requirements.
Identifying future business demands on existing facilities
Forecasting and planning tools let you know in advance when your organization will outgrow a facility. Side-by-side comparisons of scenarios against current and future transaction scenarios prevent unnecessary costly investments.
IWMS/CPIP Real Estate Modules like TRIRIGA’s are the complete solution for financial institutions seeking to effectively manage and optimize their CRE Portfolio’s. Get in contact with us to discuss which software solution suits your needs.