Real Estate Investment Trusts
The foundation of ATC’s business is the management of its communication site leases and property portfolio. With widely dispersed locations and a very high volume of leases, managing the process of concluding new leases, renewing existing leases and addressing annual rental escalations and contract variations was complex and extremely time consuming. The company also need a real-time and reliable database of all its landlord and lessees, to allow for effective market analysis and comparative cost analysis. Given the cost of establishing or moving communication masts, it was also a zero-error environment.
For starters, a drastic reduction in ATC’s contracting time, removing bottle necks in the business. An obvious additional benefit has been the increased control - ensuring that every lease transaction is compliant, properly drafted and approved in strict accordance with the company’s levels of authority matrix. Systemising the management of the lease lifecycles also prevents leases from lapsing unintentionally and the effective management of annual escalations improves the company’s revenue flows. All in all, the end-to-end automation of ATC’s lease drafting and approval workflows has injected immense value, efficiency and control into its core business functions.