Do You Use Date Reminder Software?
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.
It can be easy to accidentally miss them with everything that’s going on, though, and that could spell disaster. Let’s take a look at some occurrences that have already happened because companies missed important dates in their calendars.
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.
Option periods are common in retailer lease situations, and this one allowed the tenant to choose to extend their lease for an addition five years. However, this could only happen during a particular window of opportunity, three months before the end of the lease to one month before the end of the lease.
The retailer could have kept their low lease rate in an improved building if they’d paid attention. However, they missed their option and had to pay a much higher rate on the next lease. The only other option was to get out.
An international airline had a similar problem, though their office was around six hundred and fifty square meters and they had entered their lease on extremely favorable terms. Losing out cost them a huge amount.
Their ten year lease with five year option was negotiated when tenants had a favorable market, with the clause that the rent would never be subject to an open market review, locking in low rent rates. However, by failing to exercise the option, they had to move in just three months, in a much less favorable market and at an incredible cost.
These are just a few examples of the problems that can happen to even well established businesses when they miss an important deadline. There are all kinds of dates that need to be remembered, and it can be really easy to forget about them, particularly when they’re very far in the future.
That’s where date reminder software can help you. This inexpensive type of program is easy to use and incredibly helpful. Just put the dates into it - as far ahead as you need to - and you’ll be reminded of important information when it’s needed.
That could be the thing that saves the office space, website domain, or business deal your company has been banking on. You’ll save money, and you won’t have to worry. A high quality date reminder software package is the perfect solution.
Anyone who runs a business, no matter how big or small, can be negatively affected by missing important dates. Don’t take this risk. Instead, pick software that’ll help you make sure you have it all taken care of.
Tags: date reminder, management, program, reminder software, Time Management