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Maximo Asset Management

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IBM TRIRIGA Real Estate Management software helps you generate higher returns from real estate transactions, avoid lease penalties and over-payments, and streamline lease accounting practices. It incorporates current lease accounting standards so you can be up-to-date with industry best practices. Plus, it helps real estate executives make more-informed real estate decisions to reduce occupancy and operating costs. Use the Accounting tab of the lease form to specify the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) information. This information includes the accounting details, borrowing rate, growth assumptions, rent component assumptions, and likely term option. This tab also calculates the lease treatment or lease classification for FASB-IASB. The form shows this tab only if you have access as a Lease Accountant role with a Real Estate Manager license.

  • Tracking and managing of real estate contract obligations, real estate lease agreements, owned property agreements, space use agreements, and service level agreements.
  • Consolidating real estate strategic objectives of organizations with portfolio plans.
  • Tracking critical lease information required for reporting against guidelines and regulations such as 10k reporting, deferred rent liabilities, future obligation statements, FASB 13 and 143, and the new lease accounting standard.
  • Providing a side-by-side comparison of scenarios against current term and other transaction scenarios.

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