strategic planning

Capture Savings from Hidden Expenses

The end of "operating leases"
on balance sheets?

FASB 13Upcoming changes to the GAAP rules will require that all of your operating leases be capitalized. The replacement Financial Accounting Standards Board (FASB) Rule 13 standard is going to make wasted real estate space painful in its magnitude—if not obvious in its reason—shining a light on its expense.

Eliminate investor surprise.

Contact Roomtag to see how our solution can give you insight into your usage and waste before the rules take effect.

Is your balance sheet prepared?

Although real estate is the #2 expense after payroll for most companies, Roomtag staff is frequently surprised how little attention many firms give to it.

For example, eliminating just 3,000 square feet (by subletting it away—or avoiding the lease of it in the first place) will save over a million dollars a decade for most class A renters.

Yet this kind of analysis is often overlooked or considered futile, because the data necessary has been locked in dozens of different computer systems, file cabinets, clipboards, and staffmembers' memories.


Save over a million dollars a decade . . . per floor

Leases • Save $100k per floor
Sublet away suites or forego an option when you eliminate unused office space or restack suboptimized floors. Next renewal, negotiate from a position of knowledge.
Operational time • Save $30k per 100 employees
Increase staff productivity: free them from repetitive hiring/termination tasks, space management, and asset inventorying so they can focus on other cost recovery.
Fixed assets • Save $10k per 100 employees
Reduce your yearly asset budget by 5–10% by tracking projectors, furniture, passes, smartphones, and artwork based on the spaces or people they're assigned to.

In the dashboard view, get a picture of your entire enterprise. See your cost savings grow as your staff identifies and reduces waste.

TOTAL Yearly savings: $140k per floor


Strategic benefits

Eliminate unnecessary leases/options
after identifying floors with high vacancy or spaces assigned inefficiently, centralizing your operations with restacks, and then clearing out wasted space
Cost-allocate office space and assets
by department and view rollup reports
Recoup unused depreciation dollars
with accurate life-cycle inventorying, cost-basis accounting, and capitalization/lease categorization
Reduce asset waste/loss
when you link items to people or spaces and discover a staff termination or moved item

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Continue to read about how Roomtag will revolutionize your operational departments »