Date Reminder Software Can Save You From Costly Mistakes
You might now know it, but whether or not you have date reminder software could have a high impact on your business. There are all kinds of important times and dates for you to remember, from domain name renewals and lease renewal dates to option periods.
With everything that goes on in the average day, it can be pretty easy to accidentally miss some of those dates, and missing them could spell disaster. Let's have a look at some things that really happened to companies that missed important calendar dates of their own.
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.
That option period, common in lease situations for retailers, said that the tenant could choose to extend the lease for five more years during a given window of opportunity - starting three months before the lease expired and ending one month before.
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, and was negotiated in a market where tenants had a much more favorable chance. The rent was never to be subject to open market review, and low rates with minimal increases were locked in. However, failing to exercise their option caused the airline to have to move in under three months, in a less favorable market and at a huge cost.
Of course, those are just two examples of the problems you could deal with, even if you're a well established business. Missing an important deadline could spell disaster, and all kinds of dates have to be remembered, even if they're far in the future.
This is why date reminder software could be an incredible help. It's an inexpensive program that's easy to use. Just put your dates in to be reminded when you need to act.
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.
Managing lease administration and phone alerts is not always easy. Contact Tis Time who help many companies stay on time.
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