The newest report from The Visual Lease Data Institute provides an in-depth look at how organizations can leverage their lease portfolio data to unlock strategic value.

Drawing on survey data from senior Accounting & Finance Executives and Real Estate Executives, this study will answer key questions about lease portfolio management:

• Why is access to accurate and complete lease portfolio data increasingly crucial?
  
  
• What are the main components of a holistic lease portfolio management strategy?
  
  
• What are the risks associated with poor lease portfolio management?
  
  
• How can AI strengthen or weaken your approach?
  
  
• What is the current state and future outlook for collaboration among key stakeholders?

Key findings:

• Lease portfolio management is a top business priority.
  Ninety-nine percent of Real Estate Executives reported negative outcomes from inadequate lease controls, including incurring responsibilities that belong to the landlord (37%), overpaying rent or expenses (36%), the inability to respond to changing circumstances (36%), missing the opportunity to update unfavorable or unwanted terms (31%), missing an option to extend a deadline (30%), missing a reimbursement or incentive (28%), and miscalculating lease costs (27%).
  
  
• Most companies aren’t investing in the right resources.
  Seventy-six percent of Real Estate Executives do not believe their companies are adequately prioritizing the necessary technology, personnel, and processes to effectively manage lease-related expenses – slightly down from 83% in 2022.
  
  
• Confusion persists around AI integration.
  Forty-eight percent of Finance Executives believe that a lack of strategy around how to use AI to improve efficiency is one of the top concerns facing the finance industry today.