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The distinction between real estate and equipment in terms of managing their leases is important. Companies often have systems in place for real estate leases, but equipment leases are usually managed using spreadsheets due to the minimal data required. This presents a challenge for companies with large equipment portfolios who need to decide on a system for their equipment leases. Real estate systems are more common and established, while there are few software systems available for managing equipment leases. The effort needed to manage equipment leases is significant, especially for companies with large portfolios.
