Did you know that having or not having date reminder software could have an enormous impact on your business? From lease and domain name renewal dates to option periods, there are all sorts of important times and dates that you need to remember.
After all, as busy as most people's days are, missing a date is easy, but it could spell disaster. Let's have a look at what happened when some real businesses that didn't use date reminder software forgot about their important dates.
For instance, a national retailer with multiple sites had a long term lease for a store of about a hundred sixty square meters in a suburban shopping complex. The tenant had been leasing this shop for almost five years, and had a five tear option period.
Option periods are common in retailer leasing situations, and this one allowed the tenant to extend the lease for another five years at a low rate, as long as this was done in the period three months before the lease ended to one month before the end of the lease agreement.
This retailer could have kept their very low lease rate, despite the improvements the new owner of the building had put in. But guess what? They missed their option during the window of opportunity, and had to pay a much higher rate for their next lease or get out!
In another case, an airline that worked internationally missed their option period and lost more than six hundred and fifty square meters of office space with favorable lease terms, costing them an enormous amount to move their offices.
Their ten year lease had a five year option period and had been negotiated in a market that favored tenants, so their rent was never subject to open market review. They had low, locked in rates and few increases, but their failure to exercise their option forced a move in a space of three months, and cost them a lot of money.
These two examples are just a small fraction of the problems that happen every day to established businesses that miss their important deadlines. There are plenty of dates to remember, and when they're far in the future, forgetting them is all too easy.
That's where date reminder software can help you. This inexpensive type of program is easy to use and incredibly helpful. Just put the dates into it - as far ahead as you need to - and you'll be reminded of important information when it's needed.
That could save your business's office space, your website domain, and many other important business features. You'll save a lot of money and be able to rest easy, since you don't have to worry. All you need is a high quality package to move on to more immediately pressing matters.
If you run a business, you could be negatively affected by missing an important date, no matter how large or small you are. Don't take that risk. Choose software that'll help you and make sure you've taken care of important times and dates.
About the Author:
Looking for help with lease administration and phone alerts? Tis Time help many companies Australia wide stay on time.
No comments:
Post a Comment