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RICOH Lease Administration Services can continue to help customers reap benefits after the initial implementation. As leases often experience frequent turnover, a continued subscription helps companies maintain compliance, as well as continue to drive increased visibility into procurement processes. Through this ongoing partnership with Ricoh, businesses can be assured the cumbersome lease management process is managed with a strategic, holistic approach.
The implementation of Lease Administration Services is simple and may be completed in a fraction of the time needed for other companies that package disparate software and services. After an initial walkthrough assessment and in-person workshop, Ricoh assigns a group of off-site legal experts to evaluate and digitize key data points tied to regulatory compliance within leases. This team comprises practicing lawyers who are managed by Ricoh’s eDiscovery experts. Once the data has been entered, the software incorporates these data points in workflows that centralize, monitor and manage the information to deliver simple, compliant accounting.
This data can also be incorporated in a variety of other workflows for analytical purposes, providing previously unavailable levels of insight into a company’s procurement processes. These insights can help uncover inefficiencies to drive cost and time savings such as automating monthly payments.