This real estate services firm relies on the DataNet payment and billing services for $30M in monthly rent, property operating expenses and sublet billing. Services DataNet provides include check printing and ACH disbursement, all completely integrated with LeaseNet’s web-based accounting system.
Using a powerful LeaseNet feature called SiteAcq, this major telecommunications firm completed the right of way acquisition and build-out of its last mile fiber network. What’s more, the evolution occured with real time visibility into market penetration and footprint. With DataNet integration services, the company easily migrated all 5,900 agreements to LeaseNet. And in under 60 days they moved from multiple accounting systems, administration tools, and property payment and billing systems to a unified third-party solution. The result: the ability to accurately populate multiple general ledger systems across operating companies. Finally, with the DataNet Portfolio Planner, this telecommunications firm created a completely web-accessible plan for their entire portfolio of leased and owned properties. Now the planning, purchasing, sales, and facilities teams are literally on the same page as executive management.
Using the LeaseNet pre-configured lease administration tools, this client aggregates and administers the leased real estate of hundreds of small businesses at multiple locations. This frees up executives, managers and adminstrators to supervise their employees as well as market the company’s products and services.
With thousands of worldwide points of presence, this carrier turned to DataNet to improve their management and reporting of their key operational real estate, and turned their quarterly report chores from a month-long multi-departmental project to the touch of a button. Now they use LeaseNet for the day to day contract management of their corporate and network real estate, and for the strategic management of their transaction partners for every aquisition, disposition, and renewal analysis across their portfolio.
Comments and Feedback
Tying lease administration with the accounts payable process minimizes staff time and improves accuracy and timeliness. Managing lease terms, including escalations, can deliver 5 percent to 8 percent in savings of the total lease costs
LeaseNet is very “user-friendly” by being simple to navigate and easy to understand.
Shirley Satler - Centurylink Communications
Optimizing the value of the total asset inventory begins with finding and formalizing all of the contract assets throughout the company, creating specific asset portfolios and then managing the entire inventory to optimize utilization and ensure that valuable assets are not being left idle. ECM solutions help to identify and valuate all available asset portfolios.
DataNet’s customer service is remarkable. Not only are the representatives knowledgeable, they are also extremely friendly and helpful.
Vernon June - Arch Wireless Holdings
As a Telecom that manages over 20 million square ft of lease space both income and expense, it’s important for us to have an effective lease management process that enables us to work with all the various landlords and leasing companies across the nation in a timely and accurate manner.
The LeaseNet application has provided the tools to help manage a successful lease management organization that was not a best in class group before we implemented the LeaseNet. Once LeaseNet was in production we eliminated all of late fees due to missed payments, never missed a expiration date for lease extensions again, and as Sarbanes Oxley rolled out worked with Data Net to ensure that the LeaseNet application was complaint.
We continue to extend and expand our relationship with Data Net because of their in-depth knowledge of the lease management industry and the dedicated people working for them that address our every concern.
Andy Chavez - CenturyLink
LeaseNet has allowed us to enter and maintain much more information on each contract than what we could do effectively using our old system of spreadsheets. Having all this information available electronically in a user friendly format has helped us to perform our jobs more effectively and we are better able to meet the needs of our internal customers.
Tom Hand, Senior Contract Administrator, Matanushka Telephone Association.