Functional Consultant

at  Opensource Pte Ltd

Lease Management System Resource Guide
Target Audience: Real Estate (RE) professionals with 5+ years of experience in data center and building projects.
Key functionalities:
Lease Contract Management:
Create, manage, and track lease agreements for leased assets (buildings, data centers, etc.).
Define lease terms (start/end dates, renewals, termination clauses, payment schedules).
Generate lease contract documents (applicable for lease-out management).
Attach signed contracts to the central system (e.g., S/4HANA).
Lease Accounting and Financial Reporting:
Comply with lease accounting standards (IFRS 16, US GAAP).
Automate lease-related financial calculations (payments, interest, depreciation).
Generate accurate and comprehensive financial reports on leased assets, liabilities, and expenses.
Lease Revenue (Lease-Out Management):
Track and manage lease revenue (rent, escalations, variable charges).
Integrate with financial modules for accurate revenue recognition and invoicing.
Lease Payment and Expenses (Lease-In Management):
Track and manage lease payments (rent, utilities, etc.).
Integrate with financial modules for accurate payment processing and expense allocation.
Automate payment schedules and generate reminders.
Lease Administration and Maintenance:
Maintain lease information (lessee/lessor details, terms, modifications).
Monitor key lease milestones (renewals, terminations, escalations).
Support lease-related documentation (amendments, addendums).
Optional Functionalities (RICEFW):
Report: Generate customized reports for lease data analysis.
Interface: Integrate with external systems (e.g., accounting software).
Customization: Adapt the system to specific business needs.
Enhancement: Add new functionalities to the existing system.
Form: Design custom forms for data input and management.
Workflow: Automate processes related to lease management (e.g., approvals).
Business Scenarios:
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Scenario RICEFW Mandatory/Optional
Customer Master Data Maintenance Workflow, Interface Mandatory
Lease Contract Approval Workflow Mandatory
Customer Invoice Form Mandatory
Customer Credit Note Form Mandatory
Customer Debit Note Form Mandatory

Please refer the Job description for details