IBM Maximo Application Suite Lease Management Essentials (SaaS)

Overview

Built on a remarkable 40-year legacy, Maximo offers best-practice asset and facilities management solutions to address your organization's unique needs. We provide you with a single solution to manage and maintain assets, facilities, schedules, resources, processes, work orders and expenses. With IBM Maximo Lease Management Essentials, you get a clear and comprehensive management solution for lease portfolios of facilities and assets through a centralized lease administration and accounting operation. It can streamline lease contract administration and accounting, lease payment processing, and detailed and required reporting.

IBM Maximo provides organizations with a streamlined lease accounting process, full lease lifecycle management and a central repository for lease agreement terms that is fully customizable and helps improve compliance through automated notifications and alerts. Lease Management Essentials complies with industry standards including IFRS 16, ACS 842 and GASB 87/96.

This Essentials package allows you to quickly deploy market-leading IBM Maximo Real Estate and Facilities capabilities at a price that any company can afford.

OUTCOMES

• Align Portfolio Accounting Decisions: Ensure that business decisions around buildings make financial sense.

• Conform Leases to Accounting standards: Book leases accurately to ensure standards are met and there is proper visibility during the accounting process.

• Financial System Integration: Tight integration between your operations systems and financial systems is vital to maintain accuracy for financial reporting.

• Separation of Duties: Maintain the needed separation between financial accounting and lease administration. Both require different levels of access to specific information.

• Lease Administration: Stay in adherence to your leases, streamline renewals, and prevent overpayments.

Subscriptions for IBM Maximo, bundled with AWS infrastructure, are purchased as a single unit, simplifying procurement and management. These subscriptions include comprehensive services such as installation, configuration, platform upgrades, application operations, database management, infrastructure and network management, and Red Hat OpenShift application installation, ensuring a seamless and fully managed experience.

Highlights

• Maximo Lease Management Essentials includes Lease Administration and Lease Accounting in an entry level package for 500 leases.

• Leverage Maximo Lease Management Essentials to integrate lease administration and lease accounting to save costs and meet contractual and regulatory requirements.

• Easily scales up to IBM Maximo Application Suite as a Service Standard Edition, with access to the full portfolio for real estate and facilities, predictive maintenance, remote monitoring, visual inspection, industry solutions and integration with ERP, HCM and SCM.