What are benefits for SOX compliance realized from implementation?
Manhattan provides: • A rigorous, well-documented process in place that tracks acquisitions and dispositions across the portfolio; • Transactions completed in different geographical locations can use the same definitions, assumptions and metrics and be carefully documented; • A company can document its comprehensive real estate expenditures, including costs managed by vendors, consultants or business partners; • Accounting standards for excess space in the portfolio-and potential impairment costs-can be rigorously documented and consistently followed; • If the company uses synthetic leases to finance any part of its occupancy these structures can be consistent with the compliance provisions for these “special purpose entities.”
