Leasecake Introduction
Leasecake is a cloud-based lease and location management platform that helps multi-unit operators and franchises track critical dates, store documents, and gain financial oversight.
View MoreWhat is Leasecake
Leasecake is a lease administration and location management software designed for commercial real estate tenants, brokers, and landlords. It provides a centralized platform for managing leases, contracts, assets, and other location-related information for multi-unit businesses, particularly in the restaurant, retail, and franchise industries. The company was founded in 2017 and aims to simplify lease management by organizing all lease and location details, time-sensitive events, rent schedules, and documents into one easy-to-use system.
How does Leasecake work?
Leasecake consolidates all aspects of a company's real estate portfolio into a single platform. Users can upload lease documents, contracts, and other location-related information into the system. The software then extracts key data points and creates a centralized database of critical dates, financial obligations, and other important details. It provides automated reminders for important deadlines like lease renewals, rent changes, and maintenance schedules. The platform also offers reporting and analytics tools to help businesses gain insights into their real estate portfolio. Additionally, Leasecake incorporates AI technology through its Cakebot feature, which assists with lease abstraction and comprehension.
Benefits of Leasecake
By using Leasecake, businesses can significantly reduce the risk of missing critical lease dates or losing locations due to oversight. The platform saves time by eliminating the need to manually track lease information in spreadsheets or legacy systems. It improves operational efficiency by providing instant access to important documents and data. The software also aids in financial planning and compliance with lease accounting standards like ASC 842. For multi-unit operators and franchises, Leasecake offers better visibility into their entire real estate portfolio, enabling more informed decision-making for growth and negotiations. Overall, it provides peace of mind by centralizing and automating many aspects of lease and location management.
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