Lease Administration and Accounting expert and Lucernex Director of Client Services, Jim Short, discusses the value of CAM Reconciliation and technology that support it.

Technology, combined with a well defined process is essential to optimizing your expense recoveries. The common mistake many multi-location companies make is not realizing that they are also in the real estate business. They see themselves as retailers or healthcare providers or bankers selling a product or as corporations providing a service and often overlook the impact of their location costs. These costs are usually the second or third highest expense on the P&L behind employee salaries/benefits and inventory. This is one area where most companies can look to find additional cost savings.
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