Common-area maintenance (CAM) lease reconciliation is one of the biggest challenges retail finance departments face. Usually crafted by lawyers, CAM leases are notoriously difficult to reconcile. More importantly, retailers leave thousands of dollars on the table every year because there’s no easy way to match up invoices to the original CAM lease.

The endless list of line items including growth and variance caps, square footage, base-year definition, and more create havoc for retail finance departments. Far too many are forced to enter invoices by hand and conduct CAM audits through Excel spreadsheets. The manual, labor-intensive process is an anchor on productivity and cost discrepancies often slip by unnoticed.

Now there’s finally an easier way to match up invoices with the original CAM lease contract. Lucernex and Verian technologies have partnered to help ease the pain of CAM lease reconciliation. This Thursday, the two firms will present a special, no-cost Webcast on CAM lease reconciliation. Your hosts will explore automation tools to help mine savings in your CAM leases. Learn more about the value of CAM reconciliation technology.

Who should attend:
Lease administrators, analysts, managers and supervisors
Lease compliance managers
Corporate counsel
Property managers
Lease auditors
Accountants
Paralegals
Attorneys
Attendees will learn how retailers can:
Ease the pain of CAM lease reconciliation
Recoup savings from CAM lease inaccuracies
Better deal with the large amount of invoices coming in
Close the month faster and easier
Automate the invoice workflow process with email
Get more accurate accrual information
Better manage franchise agreements and royalty payments

About Lucernex
Lucernex Technologies offers industry-leading real estate software that supports management of all phases of the real estate lifecycle and provides immediate ROI in cost savings and speed to market. Lucernex Location Performance Management solutions allow you to make smarter decisions, optimize your portfolio faster, and select the best real estate for success. Learn more.

About Verian Technologies
Verian Technologies helps mid- and large-sized organizations reduce costs and increase efficiency with intelligent, easy-to-use solutions that automate the entire purchase-to-pay process including procurement, invoice processing, employee reimbursements and asset management — capturing all spend intelligence in a single database for analysis. Verian was founded in 1997 and is headquartered in Charlotte, N.C. The company’s clients include Macy’s, Recreational Equipment Incorporated (REI), Allstate Insurance, PETCO and General Nutrition Centers (GNC). Learn more.

Come to the Lucernex booth and enter to win a Kindle!

Schedule a meeting

This one tool will give you the power to:

• Compare a variety of variables with a single click
• Compare an unlimited number of properties
• Choose which variables are important to you and your clients
• Easily create full-color, branded reports with property photos and floor plans
• Produce detailed financial projections

Presented by Cinnamon Trimmer

Click Here To Register

Louise Mailloux-McBurnett will present the various features and benefits of the Workflow portion of LX IWMS.

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