Lease App Presentation
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Transcript of Lease App Presentation
![Page 1: Lease App Presentation](https://reader031.fdocuments.in/reader031/viewer/2022022415/5a6778217f8b9a8a378b4a17/html5/thumbnails/1.jpg)
ABC Co. LEASE Package
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IntroductionA brief overview of the LEASE package process
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What is the LEASE Package?
◉ The LEASE Package is an excel file containing a list of future cash obligations under various types of leases:○ Office leases○ Venue leases ○ Retail leases
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How the LEASE Package is used
◉ Quarterly, this excel file is emailed to Division managers and each column is updated to reflect the future cash obligation.
◉ The accounting team reviews each of the updates for reasonableness.
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For example...
We have an office lease with a future cash obligation for rent.
The 2016 column shows the amount of rent owed for the year.
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First sent to a Division
◉ Each Division manager then emails the same excel file to multiple finance and accounting teams.
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1st - Email Division
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2nd step
◉ Each Division manager then emails the same excel file to multiple finance and accounting teams.
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2nd - Email Local Team
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Local Staff makes a change.
The Local teams will update the file and send it back to the Division.
This is the previous amount reduced by 3 months of rent.
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3rd - file sent back to Division to be aggregated
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Division compiles multiple excel files into one master.
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The Way It is Now2
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This is the current workflow
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Automated workflow
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Last - a few key stats3
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200People duplicating data entry
5Weeks each department gains annually by automating this process
40Countries with employees involved in updating the excel file.