Enabling end-to-end lease management to improve operations, compliance, and cash flow
Irvine, CA. – June 9, 2020 – NTrust, the global industry leader in developing technology-enabled services for the Corporate Real Estate (CRE) Industry and LeaseAccelerator, the pioneer in the Enterprise Lease Accounting and Lease Lifecycle Management software market, announced today a partnership.The two firms have teamed up to offer Global Lease Services (GLS), an outsourced data solution that provides streamlined portfolio, fleet, and equipment lease management for global organizations.
Combining the power of LeaseAccelerator’s global lease lifecycle management platform with NTrust’s CRE technology-enabled services, GLS will enable global firms to outsource their lease administration and accounting activities and end-of-lease governance. GLS delivers cost savings and a centralized contract administration and accounting software & services platform that will empower businesses to focus on their core competencies, freeing up cash flow and ensuring compliance with the current lease accounting regulations. Key services offered together or on an a la carte basis include:
- Lease Abstraction
- Lease Administration
- Lease Accounting
- Accounts Payable
- Accounts Receivable
- Invoice Processing
“The need to focus on core business capabilities during these extraordinary times is paramount. To help bolster this focus, many are seeking software and service providers that can efficiently manage their real estate and equipment lease portfolios to drive value and long-term cost savings. The combination of LeaseAccelerator’s industry leading platform and NTrust’s full range of technology-enabled services will provide companies with a highly intuitive and cost-effective portfolio management solution,” said NTrust CEO, Sri Ramachandran.
“Managing leases is highly complex and companies need trusted partners to help them through the journey. By partnering with NTrust, we can deliver a global leasing solution that allows companies to reap the benefits of a full lease lifecycle solution which includes improved cash flow and compliance without having to manage the process themselves. We are excited about this partnership and look forward to offering global organizations a distinctive, proven solution to improve end-to-end lease management,” said Michael Keeler, CEO at LeaseAccelerator.
Global companies looking to take advantage of this powerful solution should visit: https://explore.leaseaccelerator.com/ products/overview/#equipment
NTrust is the global industry leader specializing in delivery of technology-enabled services for the CRE industry. Established in 2003 by CRE industry specialists, NTrust has over 900 employees worldwide and has completed over 950,000 Leases abstracts from 40 languages and 106 countries. Our clients include global REITs, owner/developers, service providers, and occupiers. NTrust has been highly successful in leveraging innovative technologies such as Artificial Intelligence (AI) and specialized BOTs to deliver cost-effective and efficient solutions. NTrust offers two powerful software platforms that streamline processes and maximizing operating efficiencies. REmaap AI provides unparalleled document abstraction, workflow, and analytics to enhance the efficiency of your back office. REAP+ is ASC 842 compliant and enhances efficiency for occupiers by reducing the complexity of managing real estate portfolios with industry leading reporting tools.
For more information on NTrust, go to www.ntrustinfotech.com.
LeaseAccelerator provides global lease lifecycle management software to improve cash flow and compliance. Thousands of users rely on our Software as a Service (SaaS) platform to manage and automate 700,000 equipment and real estate leases valued at $200 billion across 5 million assets. The LeaseAccelerator platform includes competitive sourcing through a unique global lessor network, integrated accounting, reporting and governance. With this strategic financial tool, customers gain valuable business insights using centrally managed, rich lease data that delivers faster response to changing economic environments.
Learn more at: http://www.leaseaccelerator.com/.