Case Study: HomeServices of America achieves streamlined lease compliance and reliable reporting with Visual Lease

HomeServices manages its complex lease portfolio through Visual Lease with an eye toward the future

HomeServices of America, a $5 billion real estate company with about 6,800 employees and a highly decentralized structure, faced difficulty tracking lease and compliance data across roughly 1,200 real estate and equipment leases under the ASC 842 standard. After relying on a homegrown database, the company evaluated multiple options and selected the Visual Lease platform for its scalability, configurability, security and ability to integrate with existing ERP processes.

HomeServices implemented Visual Lease, trained local teams to enter and maintain lease data in a separated instance (while the parent company also adopted the solution), and centralized reporting and quality assurance at corporate. The deployment delivered measurable results: they passed their audit, now run monthly journal entry reports consolidated into a single corporate ledger, gained visibility and reliable reporting for budgeting and forecasting, and can track metrics (including maintaining an ideal 100 sq. ft. per agent ratio) while continuing to standardize and optimize their portfolio with Visual Lease.

HomeServices of America

Herbert Cohn

Director of Corporate Services