In many property businesses, the leasing team signs a contract, someone types the terms into a billing sheet, finance records receipts in the accounting system, and collections chases arrears from a separate list. Every handover is a chance for delay or error.
What lease-to-cash means
Lease-to-cash treats the journey from contract to collected cash as one process. The contract defines rent, escalations, service charges and payment terms. The system generates the billing schedule, tracks cheques and payments, posts to the ledger and flags arrears automatically.
- One contract record drives billing, accounting and reporting.
- Post-dated cheques are tracked from receipt to clearance.
- Arrears and upcoming renewals are visible to leasing and finance at the same time.
- Owner and management reports draw on live data.
Mithaq ERP was designed around this process, which is why property and leasing remain at the core of the platform.