Transform Lease Administration on ServiceNow

[ElizabethBohlin]

Lease administration is no longer a back-office function—it is a material driver of financial accuracy, portfolio agility, and executive confidence. ServiceNow Lease Administration, powered by LeaseCore, brings lease data, and critical date management directly into the ServiceNow platform—so leases are governed, automated, and visible where work already happens. 

Why Executives Are Re-evaluating Lease Administration 

Most organizations don’t realize how much value quietly leaks out of their lease portfolio each year. Disconnected systems, manual tracking, and late visibility turn leases into a source of last-minute risk instead of strategic leverage. The organizations pulling ahead have one thing in common: lease administration is embedded in their digital workplace, not managed on the side. 

Executive Snapshot 

• Reduce missed critical lease events by up to 98%, materially lowering exposure to holdovers and unfavorable renewals. 

• Align lease and space decisions to drive smarter renew, relocate, and consolidate strategies across the portfolio. 

• Replace reactive fire drills with real-time dashboards and scenario modeling for proactive executive oversight. 

One overlooked reality: a single missed lease renewal or termination can cost hundreds of thousands of dollars. Most portfolios experience this risk every year—it just rarely shows up as a line item. 

How Lease Administration Works on ServiceNow 

ServiceNow Workplace Lease Administration powered by LeaseCore is a scoped application built on top of ServiceNow’s Workplace Service Delivery (WSD) application, and serves as the system of action for lease management—centralizing lease data, automating workflows, and integrating directly with workplace and finance processes. LeaseCore capabilities are natively embedded, delivering critical date intelligence, and portfolio analytics without introducing another system to manage. 

What Changes When Leases Are Truly On the ServiceNowPlatform 

• Critical dates are monitored continuously, not periodically reducing the risk of late decisions and emergency extensions. 

• Portfolio conversations shift from anecdotes and spreadsheets to modeled scenarios and defensible options. 

• Last-minute lease emergencies, escalations, and executive fire drills become the exception—not the norm. 

• Intersect lease data with space management data – bringing lease data to the fingertips of space planners, enabling real-time decision making and portfolio rationalization.

See It in Action 

ServiceNow recently showcased this capability in action in the webinar: "Live on ServiceNow: Transforming Workplace Operations – Unlocking the Power of Lease Administration." The session walks through how lease administration operates inside the ServiceNow platform, the role of embedded LeaseCore functionality, and the tangible outcomes organizations are achieving. 

If lease administration still feels reactive, manual, or disconnected from your workplace strategy, this webinar will likely challenge a few assumptions—and surface opportunities most teams didn’t realize they were missing. 

Ready to eliminate lease surprises and unlock portfolio agility? Explore ServiceNow Lease Administration powered by LeaseCore to see how embedded intelligence drives smarter real estate decisions.