The challenge
When the Federal Government released the COVID-19 Commercial Leases Regulation, one of Australia's largest property groups faced a significant challenge. Over 3,000 existing contracts needed to be renegotiated under new legislation, fast. If they could not renegotiate these contracts promptly, the company would have been exposed to revenue loss, litigation issues and relationship friction with their tenants.
The existing rent abatement process relied on manual processes - taking up to five days per negotiation with no visibility, no auditable approvals, and no way to scale. Data was spread across four separate systems, including SAP and Salesforce, making extraction and reconciliation slow and error-prone. The company needed an automated solution that could be deployed almost overnight and continue to adapt as regulations evolved.