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Real Estate in the Connected Workplace

Solution Overview
Oct 12, 2020
By Leslie O'Connell

Corporate Real Estate (CRE) professionals are the stewards of the enterprise facilities portfolio. Whether it’s buildings, land, labs, parking lots, or warehouses, it’s crucial to know what properties you have and how they’re being used. Properly managing the corporate real estate portfolio is complex and critical. Executives, Human Resources, Facilities Management and other departments all need to know about the properties you own or lease.

And CRE departments are now playing a more strategic role than ever before, assuming a leading role in overall workplace management. CRE Teams are responsible for managing strategies, such as desk sharing, office hoteling and co-working in order to increase efficiency across the portfolio.

Manual lease management, legacy software applications, disparate spreadsheets and home-grown databases won’t work. CRE departments need a modern platform to manage and track the lifecycle of leases. And they need a lease management software that is part of an overall enterprise platform, giving them the data to become true workplace strategists.

Managing people, locations, assets and leases on the same platform means better, smarter and faster real estate management.

Nuvolo’s Real Estate solution consolidates all corporate leases electronically on one platform. You can track critical dates, contacts, renewals, amendments, payments, expenses, lease terms, lease adjustments, monthly rent, insurance and other chosen attributes. You can create alerts and automate approval actions.

Tracking leases using Connected Workplace allows real estate leaders to seamlessly share data with the overall organization. Providing in-depth analysis on space utilization, historical costs and portfolio trends will improve your workplace and real estate strategy. For instance, use space utilization reports to reveal opportunities for consolidating under-utilized facilities.

Key Real Estate Features:

  • Contract Oversight
    Track contract details and payment due dates. Automate alerts for payment processing. Monitor your contract renewal dates.
  • Automated Lease Payment Scheduling
    Generate lease payment alerts with advanced scheduling and automated assignment rules.
  • Real Estate Portfolio Management
    Utilize tracking and built-in reports for property management and expansion forecasting.