What Scribcor Global Lease Administration does

Scribcor Global Lease Administration is a privately held professional services firm headquartered in Oakbrook Terrace, Illinois, that provides commercial lease administration services exclusively to tenants and lessees. Founded in 1992 as a division of Scribcor, Inc. in Chicago, the firm was established as an independent company in 2001 and was purchased by current owner Jamie Covert in 2012. It operates under the Scribcor Global brand and serves global enterprises managing complex commercial lease portfolios across technology, healthcare, retail, and logistics sectors, with named customers including Informatica, AccentCare, and Windsor Fashions.

The company's core offering is organized around four service pillars: Lease Administration (database management, rent processing, portfolio reporting, lease auditing), Lease Abstraction (document summarization), Lease Accounting (ASC 842 and IFRS 16 compliance), and Utility and Third-Party Payment Processing. Adjacent services include Automated Lease Management and ESG Reporting. Scribcor operates on a software-agnostic basis, working with nearly a dozen lease administration platforms (including Visual Lease and Lease Accelerator) and integrating lease data with clients' existing ERP and accounting systems. The firm holds SOC 1 Type 2 certification (unqualified opinion, August 2022) and NMSDC Minority Vendor Certification through the Chicago Minority Supplier Development Council (2025).

Revenue is generated through professional services engagements with custom, quote-based pricing scaled to client portfolio size (contact form captures 250+, 100-249, and under 99 lease tiers). Distribution is direct enterprise sales delivered through consultative, no-obligation informational meetings and dedicated account managers. The firm employs 11-50 professionals with average tenure exceeding 8 years, composed of attorneys, accountants, paralegals, and property management specialists, and maintains multi-channel content marketing across LinkedIn, YouTube, a blog, and email newsletter. Leadership comprises Jamie Covert as President and CEO and Kim Rafferty as Chief Operating Officer.

Name

Scribcor Global Lease Administration

Legal name

Scribcor Global

Website

https://scribcorglobal.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Scribcor Global Lease Administration is a privately held, tenant-only commercial lease administration services firm serving global enterprises with services including database management, lease abstraction, ASC 842/IFRS 16 accounting compliance, and payment processing.

Ownership category

akta.pro rank

Product category

Commercial Lease Administration Services

NAICS

Rental and Leasing Services (532)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Commercial lease administration
• Lease abstraction services
• Lease accounting compliance
• Rent payment processing
• ASC 842 compliance

Headquarters

HQ city

Oak Brook

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Lease Administration Services: Ongoing management of lease agreements including database management, reporting, rent processing, and lease auditing. Services are provided as professional services with consultative approach and personalized account management.
2. Lease Abstraction Services: Extraction and summarization of key information from lease agreements by experienced attorneys, accountants, and lease administration professionals with rigorous quality assurance process.
3. Lease Accounting Services: Recording and reporting financial information related to leased assets, ensuring compliance with FASB/IASB guidelines. Includes adoption support, data migration, and ongoing compliance maintenance.
4. Utility & Third-Party Payment Processing: Managing lease-related payments for external services including utility bills and payments to third-party vendors. Includes account setup, bill review, payment processing, and reconciliation services.
5. Database System Consulting: Software selection and implementation consulting for lease administration systems. Software-agnostic approach working with nearly a dozen different lease administration platforms.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Scribcor Global Lease Administration provides outsourced lease administration, abstraction, accounting, and payment processing services exclusively to commercial tenants and lessees. The firm manages the full lease lifecycle — including database management, rent and utility payment processing, lease auditing, lease abstraction, and ASC 842/IFRS 16 compliance — using a software-agnostic approach that integrates with client ERPs and works across multiple third-party lease administration platforms such as Visual Lease and Lease Accelerator.

Product overview

Scribcor Global Lease Administration offers a suite of integrated lease management services designed for tenants and lessees. The core offering consists of three primary service pillars: Lease Administration Services (including database management, rent processing, portfolio reporting, and lease auditing), Lease Abstraction Services (with associated database consulting), and Lease Accounting Services (covering ASC 842 and IFRS 16 compliance). Additional services include Utility & Third-Party Payment Processing, Automated Lease Management solutions, and ESG Reporting Services. The company operates on a software-agnostic basis, working with various third-party lease administration platforms including Visual Lease and Lease Accelerator, and integrates data into clients' existing ERP and accounting systems.

Differentiator

Problem solved

Functional benefit

Products and services

• Lease Administration Services Core service encompassing database management, rent and payment processing, portfolio reporting, and lease auditing to oversee lease agreements and related tasks for effective portfolio management; targeted at enterprise tenants and lessees managing complex commercial real estate portfolios.
• Lease Abstraction Services Reviews and summarizes essential information from lease agreements, including terms, payment obligations, renewal dates, and other critical details. Delivered by attorneys, accountants, and lease administration professionals with rigorous quality assurance; targeted at enterprises needing to populate lease databases or migrate to a new lease software platform.
• Lease Accounting Services Records and reports financial information related to leased assets, ensuring compliance with FASB/IASB guidelines (ASC 842 and IFRS 16). Includes adoption support, data validation, remediation, migration, and integration with existing ERP or accounting systems.
• Utility & Third-Party Payment Processing Manages lease-related payments for external services including utility bills and payments to third-party vendors, including account setup, bill review, payment processing, and reconciliation. Targets enterprise tenants that prefer to outsource non-core payment workflows.
• Automated Lease Management Uses technology to streamline tracking, organization, and administration of lease data; centralizes lease information and automates routine tasks to support compliance with accounting standards. Targeted at enterprise clients seeking greater efficiency in lease data handling.
• ESG Reporting Services Assists enterprise clients with Environmental, Social & Governance reporting requirements, including data collection, visualization, reporting, and target tracking, for both EU and non-EU firms.

Quantifiable outcome

• First client from 1992 remains a client today
• +2 more outcomes

Named customers4 records

Segments2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

One partnership is on record.

• Visual LeasecoreTechnology or IntegrationScribcor is fully familiar with Visual Lease software and can adapt client customizations in the database. Works with clients' existing Visual Lease implementations to provide lease administration, abstraction, and payment services.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Colliers International: Global CRE services firm with a Corporate Services platform that includes lease administration, lease accounting and portfolio optimization for enterprise occupiers. Comparable on target customer and core lease admin service, though embedded within a broader brokerage and capital markets business.
• CBRE: One of the largest global CRE services firms offering enterprise lease administration, including ASC 842/IFRS 16 compliance support, alongside brokerage, valuation, and facilities services. Overlaps directly with Scribcor's core offerings for large enterprise tenants.
• JLL (Jones Lang LaSalle): Global commercial real estate services firm with a dedicated Lease Administration service line serving enterprise tenants across multiple regions. Highly comparable on service scope (database management, rent processing, compliance) and target customer, but far broader portfolio of CRE services.
• Cushman & Wakefield: Global CRE services firm with a portfolio administration / lease administration practice targeting enterprise occupiers, including compliance and lease accounting. Comparable in target customer and service mix, operating as part of a much broader CRE services franchise.
• RealPage: Large real estate software and services provider whose platform includes lease and asset management modules for commercial occupiers. Adjacent competitor at the software layer with growing managed services capabilities.
• Avison Young: Global CRE services firm offering lease administration and corporate solutions for occupiers, with capabilities spanning lease accounting and portfolio reporting. A mid-tier incumbent competing for the same enterprise tenant mandates Scribcor serves.

Direct peers

• Altus Group: Provider of commercial real estate software, data, and advisory services including lease administration and ASC 842/IFRS 16 compliance. Direct competitor for enterprise tenant lease administration mandates, combining technology with managed services like Scribcor.
• Visual Lease: Lease accounting and management software platform that also offers managed implementation and administration services for ASC 842/IFRS 16. Named partner of Scribcor and therefore both complementor and competitor depending on the engagement.
• Lease Admin LLC: Boutique US-based lease administration services firm specializing in commercial real estate lease administration and accounting for corporate tenants. Closest analogue to Scribcor's niche, small-shop, specialist positioning.

Emerging players

• Nakisa (formerly LeaseAccelerator): Provider of lease accounting and management software (formerly LeaseAccelerator) used by enterprise tenants for ASC 842/IFRS 16 compliance, including a global lease accounting service. As a software-led player that Scribcor explicitly supports on its platform, it is a key competitor in compliance-driven engagements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/scribcorglobal
• YouTubeyoutube.com/@scribcorglobal8516
• Facebookfacebook.com/scribcorglobal
• LinkedInlinkedin.com/company/scribcor

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Scribcor Global Lease Administration