Administering and accounting for hundreds or thousands of leases is complex but critical, given occupancy costs represent one of your largest enterprise expenses. To be effective, you need a single platform that brings together lease financials, accounting, and administration to proactively manage all lease activities including options, expirations, renewals, key clauses, co-tenancy, recurring costs, rent rolls, expense reconciliation, and accounting compliance.
Vendor
Tango
Company Website
Tango Lease is a comprehensive lease management and accounting software that organizes all lease-related information into intuitive dashboards. It equips administrators and finance professionals to manage lease accounting schedules, avoid overcharges, maintain compliance with the latest lease accounting standards, and perform lease activities. The software helps analyze and explore the entire lease portfolio from a single platform.
Features
- My Actions: Prioritize lease management, administration, and accounting tasks with a user-focused dashboard.
- Critical Dates & Status Changes: Proactively track financial obligations, key dates, clauses, options, contacts, and other critical lease information.
- Lease Items: Capture and centralize all required lease data, including key terms and dates, to ensure compliance with lease terms and accounting regulations.
- Equipment Leases: Centralize management of all equipment leases to mitigate risk and support compliance with regulatory standards.
- Rent Payment: Generate rent rolls, manage one-time payments and exceptions, and improve landlord-tenant negotiations.
- Expense Reconciliation: Compare landlord invoices to lease terms to avoid overpayments and penalties.
- Tenant/Subtenant Management: Proactively manage subtenant portfolios to ensure rent collection and stay on top of delinquent accounts.
- Accounting Compliance: Classify leases properly to ensure conformity with FASB ASC 842, IFRS 16, and GASB 87.
- Visualization: Monitor lease metrics and track key space and occupancy indicators in real-time.
Benefits
- Simplified Compliance: Fully compliant with FASB ASC 842, IFRS 16, and GASB 87 standards.
- Efficient Lease Management: Actively administer leases with confidence, saving time and reducing errors.
- Streamlined Financial Processes: Control all financial elements of leases, from rent payments to expense calculations and audits.
- Trusted Solution: Processes over $1 billion in monthly lease payments and is used by leading corporations and real estate firms.
- Comprehensive Insights: Transform lease data into actionable insights with real-time monitoring and intuitive dashboards.