
ABOUT CLIENT: The client is a global consultancy firm, housing over 1000+ consultants and 500 research professionals. The company caters to leading organizations, as well as NGOs, helping them maintain data models, generate business intelligence reports and meet their business goals.
OPPORTUNITIES: The client was looking for a trustworthy outsourcing partner to audit around 3500 Lease comparing it between the two Lease Administration Systems in comparison to the Lease Document uploaded to their official website.
PROPOSED SOLUTIONS: Assigned a dedicated and able team of experts to help the client summarize key financial information and enter it in the ERP. With a systematic approach, we extracted relevant information from two client software’s based on the Validation Checklist provided by the client. Points which we covered while auditing are:
- Verifying the premises information,
- Matching the Current & Future Rent and Step Amounts with Lease Documents,
- Validating the CAM recovery fields,
- Matching the Billing Option, including Due Day of Charges, No. Days Delq., Late Fee set-up,
- Reviewing the active Options (including Renewal),
- Confirming existing Percentage Rent billing and so on.
We then compiled it on a Portfolio Issue Tracker sheet provided by the client, highlighting any differences between the respective system and the accessible lease documents. To ensure the highest level of security, our professionals rigorously followed data security and confidentiality policies.
OUTCOMES DELIVERED: The project successfully enabled the client to plan for future expenses, which amounted to approximately $90k. This allowed the client to carry out accounting tasks with more accuracy. The data provides users with valuable insights that enable them to make timely strategic decisions.