Managing leased and owned property contracts
In the IBM® TRIRIGA® Real Estate Manager application, you can manage real estate contracts and asset lease contracts. You can store contract documentation, conditions, clauses, options, and financial transactions in one central repository. The application contains automated notifications and alerts about upcoming lease expiration dates and other critical dates. The application also shows required actions and contract options to avoid overpayment and late fees. You also use the application tools to create financial reports, maintain payment processes, and satisfy regulatory requirements in lease accounting and allocations.
IBM TRIRIGA Real Estate Manager lease accounting includes processes designed to support old lease accounting guidelines (ASC 840 and IAS 17) as well as current accounting standards (ASC 842, IFRS 16, GASB 87 Lessee, GASB 96, and GASB 87 Lessor).