Lease management is a critical piece of this equation. It may not be as flashy as building a new retail store or as exciting as establishing a corporate presence in a new location, but it is a critical function that affects what is typically the second-highest expense for most companies.

Lease administrators are responsible for accurately tracking, reporting on, and optimizing property and equipment obligations. When done correctly, lease management manages and optimizes real estate and equipment leases — so you achieve compliance, mitigate risks, and lower costs.