You won’t believe how much we just saved a client!
We often tell you how we save our client’s money, but today, as quoted directly from Jerry Maguire, we would we would like to show you the money. In today’s post we will show you how we saved an actual client money over a small sample of 3 months. At this point we would like to thank our client that graciously allowed us to use their numbers in this post, as long as they were not identified. You know who you are, and we thank you.
We read and entered all the client’s leases into our software, then compared the payments the client made via their accounts payable system to the amounts they were supposed to make per our software from the lease documents. Also note that we perform this analysis for all our clients, to ensure that payments are accurate. The following is the summary we sent the client, verbatim.
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About LeaseQuery: LeaseQuery is lease management software that helps companies manage their leases. Rather than relying on excel spreadsheets, our clients use LeaseQuery to get alerts for critical dates (renewals, etc), calculate the straight-line amortization of rent and TI allowances per GAAP, provide the required monthly journal entries (for both capital and operating leases) and provide the commitment disclosure reports required in the notes and the MD&A. Contact us here.