The Top Reason Lease Management Should Be Integrated
Today’s retailer cannot afford to miss any details in lease management. That’s why ChainDrive’s Integrated Accounting software includes a sophisticated component that centralizes all lease agreements and alerts on a per-store basis when each lease is up for renewal. But there’s an even more important reason to integrate lease management: multichannel retailing.
Multichannel Retailing Changes Leasing Needs
The advantage of internet retailing is seen in its global outreach. No longer confined to geography, retailers can sell their products to anybody at any time of day or night. But people do still like to come to a store and actually touch things before they decide to buy them. When retailers are locked into leases that have no flexibility to adjust to changing buying patterns, profit is lost.
Being able to evaluate every lease carefully within the context of all that is happening in the business is vital. Along with calculating rent and automatically posting monthly rent invoices to the GL, the ability to analyze and project future liabilities puts leasing in the proper perspective. Perhaps a smaller store, or one that sub-leases unused space for added income, will be a good idea to consider.
Without the ability to see all the ramifications of a decision, that decision is being made in ignorance. Integrated retail management means all the cards can be on the table with access to data from every part of the enterprise. Integrated accounting software that is truly “retail-centric” does more than keep all the numbers in the right place — it allows all those numbers to be seen in proper perspective.
Evaluate Leases In Context
ChainDrive Integrated Retail Management Solution has been designed by retailers, for retailers. This means it has been developed specifically for the context of retailing. The Integrated Accounting component was created to bring automated functionality to the process of keeping track of the numbers. Those numbers are in the context of a specific business, however, so they are integrated. Integration provides accuracy of context, including leases.