Case Study: American Tower Corporation achieves faster, compliant lease management with Updraft

American Tower Corporation - Customer Case Study

American Tower Corporation, a Real Estate Investment Trust, needed a way to manage a large volume of communication site leases across widely dispersed locations. Updraft’s lease management solution, MatterMap, was introduced to help handle new leases, renewals, rental escalations, and contract variations while maintaining a real-time, reliable database of landlords and lessees in a zero-error environment.

Updraft implemented an end-to-end, paperless lease workflow that included counterparty verification, automated document collation, internal approvals, lease drafting, signature management, and lifecycle tracking with alerts for deadlines, expiries, renewals, and escalations. The result was a drastic reduction in contracting time, fewer bottlenecks, stronger compliance and control, and better revenue management through more effective handling of lease escalations.

American Tower Corporation