Happy April Fools Day! The days are getting longer and the weather is getting warmer. Read on below for product updates and resources to stay updated on the corporate real estate market.

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Cheers,

Team FlexDesk

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Product Updates

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Portfolio Management

Track lease information, anticipate rent escalations, and never miss a renewal date.

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⚒️ Rent packet workflow: Lease administrators and finance teams can now prepare rent packets in-app, including reconciliations, approval workflows, payment remittance, and more.

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📝 Lease accounting: Lease administrators and finance teams can now generate accounting reports in-app for ASC 842 and IFRS 16.

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✨ UI enhancements: Users now have a dedicated section to store floorplan information, a document folder structure, ability to input payment schedules, tooltips for key metrics, and invoice grouping attribution by lease, expense type, and expense category.

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Utilization Intelligence

Leverage existing badge access systems to automatically track attendance, RTO compliance, and make smarter renewal decisions.

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🔥 Activity View Dashboard: Users can now unlock employee-specific attendance patterns with comparisons across time period and prepopulated country-specific holidays to normalize utilization calculations.

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🤝 Utilization vs. Show-Up: Users can now toggle between capacity vs. assigned headcount as the denominator in calculations to track office utilization vs. employee show up rate.

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💥 UI enhancements: Users now have the ability to add annotations to contextualize attendance patterns, input a target utilization percentage, and leverage a prebuilt integration with Kisi when collecting badge data.

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Coworking Management

Provide employees with drop-in access to thousands of coworking locations within one booking interface. Maintain spend controls and consolidated billing.

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📰 Governance framework: Users now have access to a more robust budget parameters and approval workflow framework to control spend patterns.

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🌐 Inventory refresh: Users continuously leverage the most up-to-date supply of coworking locations worldwide.

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🚀 UI enhancements: Users have access to an updated mobile app and have the ability to add guests to day offices in any location.

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What We Are Reading And Writing

• ‍How Atlassian Humanized the Office with One New Metric: Read Phil Kirshner’s case study on how Atlassian’s corporate real estate team uses cost-per-visit as its north star metric

• CRE Spotlight Series: FlexDesk continued its Real Estate Leader interview series. Check out the conversation with Susan Curran.‍

• CRE/W Role Openings: The job market for corporate real estate & workplace continues to show promise. Check out some of Clark’s recent posts (here, here, and here) for a list of open roles.‍

• FlexDesk Role Openings: FlexDesk is hiring! Check out roles within Engineering (here). Referrals gladly accepted.