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Companies may face challenges in managing equipment leases as compared to real estate leases, since there are fewer software systems available for equipment lease management. While companies with large real estate portfolios may have dedicated systems for real estate management, those with equipment leases often rely on spreadsheets. The minimal data required for equipment leases under accounting standards adds to the complexity of deciding on a suitable system for lease management. The distinction between managing real estate and equipment leases highlights the need for companies to carefully consider their leasing needs and the level of effort required for effective management.
