SOURCE: Virtual Premise, Inc.

September 10, 2008 09:17 ET

Virtual Premise Presents at National Retail Tenants Association

Effective Lease Review Process Benefits Lease Administrators; Helps Them Focus on Data Accuracy and SOX Compliance

ATLANTA, GA--(Marketwire - September 10, 2008) - Virtual Premise, a leading provider of web-based real estate information management solutions, today announced it will present at the National Retail Tenants Association 13th Annual Conference, "Focus 08-Solutions for Success." The presentation, titled "Designing the Most Effective Lease Review Process," will be presented by Kelly Kepley, director of lease services for Virtual Premise, in Session I on Monday, September 15, 2008, at 8:30 a.m.

"Designing the Most Effective Lease Review Process" will help lease administrators, company attorneys, and others responsible for managing commercial lease portfolios identify and define the purpose of lease reviews and present the top 10 most useful tips for the review process. Kepley will also provide information on how to document the review process for Sarbanes-Oxley compliance. Attendees will learn how to design, apply and manage an internal review and approval process that will improve data accuracy and consistency.

"At the heart of the lease review process is critical data," said Andy Thomas, president and COO of Virtual Premise. "Identifying the processes to ensure consistent and accurate information is reflected in the lease review process is critical. And with SOX compliance, those demands can be even more challenging."

An effective lease review will mitigate data errors and build user confidence in the resulting information. This presentation will demonstrate processes for effective data management that will create hierarchies for data review and data ownership. By implementing these processes, executive reporting will be more accurate.

Kepley has nearly 20 years of experience in commercial real estate operations. She oversees the day-to-day management of the Lease Services Division for Virtual Premise. Virtual Premise's Lease Services Division leads the industry in providing quality lease data management services and solutions that help you reduce costs and manage growth. Lease Services includes lease abstracting, due diligence services, intellectual file review and best practices consulting. Using an advanced data abstracting process, lease services solutions are managed by skilled professional project managers backed by an experienced staff of attorneys, paralegals and lease administration professionals.

To learn more about NRTA and register for the event, visit www.retailtenants.org.

About Virtual Premise

Virtual Premise, Inc. is a leading provider of web-based real estate information management solutions for corporations, landlords, commercial real estate service providers, retailers and restaurants. With the Virtual Premise Global Real Estate Management System™, companies have a smart, easy way to collect, manage and report on complex real estate information from anywhere, at anytime. Based on .NET technologies and SAS 70 Type II compliant, Virtual Premise solutions include portfolio management, lease management, lease administration, project management, transaction management, and document management. Virtual Premise also offers a wide range of supporting services to include lease abstracting, data entry, file review and organization, document scanning and indexing, data integrity sampling, due diligence, and data audits. For more information, call 404-267-1781 or visit www.virtualpremise.com.

Contact Information

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    Arketi Group
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