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According to the latest statistics, by 2023 approximately 700 million people would be booking hotel rooms online. It also says that 70% of travelers worldwide use their smartphones to look for or research travel related information, while 83% of adults in the US prefer to book hotel/travel online. While you may not be aware of
Common area maintenance (CAM) expenses are operating expenses that are shared by the tenants on a pro rata basis. CAM charges are not standard expenses, they vary greatly depending on various factors, because of this CAM reconciliation has emerged to be one of the most tedious and complex processes. Despite landlords/property managers efforts to simplify
Common area maintenance cost (CAM) remains a constant worry when it comes to retail/commercial real estate leasing. With landlords now passing the operating expenses based on estimate which is then reconciled at the end of the year to tally with the amount paid by the tenant has become increasingly challenging process to comprehend and navigate.
Private companies are fast approaching the deadline of January 2022 for implementing the process to comply with the new lease accounting standard ACS 842. The intention behind this standard is to bring every operating expense on to the balance sheet that were previously off balance sheet. What this essentially means is filling in all the
Both automation and human factors play a crucial role in the success of any data labeling or annotation projects. The groundwork involved in building these projects is time-consuming, complex and expensive. To a large extent, the success of any such projects depends on data scientists, data engineers and data modelers. In fact they are the
Businesses rely on diverse data sources for developing insight and building operational models. The data may relate to leadership, shareholders, financials, competition, industry, transactions, and a lot more. When a system connects such disparate data through a common reference notation, it becomes an information powerhouse that can drive business intelligence in real-time. This is where
In 2020 the sports betting market generated a revenue of $1 billion in the U.S. which is estimated to increase by six times by 2023. Apart from the rapid rise of online sports betting, both individual and team sports have become aggressively competitive. Given the rapidly growing fan base, deeper engagement and extensive amount of
Technology is revolutionizing and evolving expeditiously. Today, being digital is the new status quo. Right from buying groceries, hiring cabs, to even buying a house, everything is virtual and in the palm of your hands. The very essence of Ecommerce today is one very simple aspect; You see something you like, then you buy it.
Commercial lease tenants are required to pay pro rata share of the operating expense which is commonly known as common Area Maintenance (CAM) expenses. As tenants you have the right to verify whether or not you are being charged correctly. CAM audit is a process that can help you determine accuracy of charges and the
Annual common area maintenance (CAM) reconciliation is one of the most tedious processes that is notoriously error prone. Despite the fact it is also one of the processes that is often overlooked by commercial property owners, resulting in errors in reconciliation that over time results in thousands of dollars in losses. Reconciling CAM expenses against