Revolutionizing Lease Management for a Multinational Company
- Admin
- Feb 24
- 1 min read
Updated: Mar 4
Managing multiple leases across different locations can be complex, with challenges in tracking renewals, ensuring compliance, and optimizing costs. A multinational company struggled with lease inefficiencies, overpayments, and compliance risks. By implementing IBM TRIRIGA’s lease management solution, the company streamlined lease administration, reduced overpayments, and improved financial planning.
Challenges
Decentralized lease management leading to inefficiencies and missed renewal deadlines.
Overpayments and financial losses due to poor tracking of lease terms.
Compliance risks from complex regulatory requirements across multiple regions.
Lack of visibility into lease obligations, costs, and financial impact.
Solution: Implementing IBM TRIRIGA for Lease Management
The company deployed IBM TRIRIGA to centralize lease data, automate processes, and enhance decision-making. Key features utilized:
Automated Lease Tracking: Alerts for renewals, expirations, and financial obligations.
Centralized Lease Portfolio Management: Real-time visibility into all lease agreements.
Regulatory Compliance Monitoring: Ensured adherence to regional lease standards.
Financial Optimization Tools: Identified cost-saving opportunities and eliminated overpayments.
Results & Benefits
20% cost savings by eliminating lease overpayments and improving financial forecasting.
Improved compliance with automated tracking and reporting of lease obligations.
Increased operational efficiency through streamlined lease administration.
Better decision-making with centralized real-time lease data and analytics.
Industry Statistics Supporting the Need for Lease Management Optimization
Companies lose up to 15% of annual lease expenses due to inefficient lease management. (Source: Deloitte)
Automating lease administration can reduce administrative costs by 30% and enhance compliance. (Source: JLL)
Conclusion
By leveraging IBM TRIRIGA’s lease management tools, this multinational company achieved significant cost savings, compliance improvements, and operational efficiency. With real-time visibility and automation, businesses can take full control of their lease portfolios and drive smarter financial decisions.
Want to transform your lease management strategy? Contact CM Excellence today.
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