Lease management software is a digital tool, used for lease and related financial, as well as administrative task management. As we all know, managing a lot of leases creates huge and highly demanding challenges for the lessor. In order to remain compliant with the accounting standards, reduce operational costs and reduce the time it takes to complete various tasks, organizations choose to implement leasing management software.
These tailor-made tools are focused around having as many useful features for lease management, as possible. In terms of categorization, you can list lease management software somewhere in between an ERP and CRM system with extensive functional capabilities for accounting and related tasks. There are quite a lot of different developers with unique software solutions. Although, in general, they’re all the made to solve the same problems, their appearance and functionality can be drastically different.