Tango Lease Administration Software

Understanding Tango: From Portfolio Strategy to Lease Administration

1. What is Tango?

Tango is a cloud-based lease administrationand real estate management platform designed primarily for enterprise tenants. It enables businesses to manage the full lifecycle of their real estate assets—from site selection to lease accounting and portfolio optimization. With Tango, companies gain real-time insights into their lease data to improve financial accuracy, compliance, and operational efficiency.

2. What are the key features of Tango?

Tango offers a comprehensive suite of features for lease and real estate management, including:

• Lease abstraction and document management
• Critical date tracking and notifications
• Rent calculation and escalation tracking
• ASC 842/IFRS 16 lease accounting compliance
• Reporting and analytics dashboards
• Real estate portfolio planning
• Integrations with ERP and accounting systems

3. Who uses Tango?

Tango is typically used by corporate real estate departments, lease administrators, financial controllers, and legal teams at multi-location tenant organizations. Industries that often use Tango include retail, healthcare, hospitality, and corporate offices.

4. Is Tango a lease accounting or lease administration tool—or both?

Tango supports both lease administration and lease accounting. It allows users to manage lease terms and obligations while also generating the necessary financial entries for compliance with lease accounting standards like ASC 842 and IFRS 16.

5. What makes Tango different from other lease administration software?

Tango stands out with its advanced real estate planning capabilities and intuitive visual dashboards. It also combines lease administration with location strategy and analytics, making it ideal for organizations looking to align real estate decisions with business performance.

6. Can Tango be integrated with ERP and accounting systems?

Yes, Tango supports integration with leading ERP and financial systems such as SAP, Oracle, and NetSuite. These integrations help ensure that lease data flows seamlessly into accounting processes.

7. How is data entered into Tango?

Data can be entered into Tango manually by users, through lease abstraction services, or via bulk uploads. Many organizations also work with third-party abstraction providers to input high volumes of lease data directly into Tango.

8. Is Tango suitable for small businesses or only enterprises?

Tango is best suited for medium to large enterprises managing complex lease portfolios. Its capabilities are optimized for businesses that require advanced reporting, compliance features, and real estate strategy tools.

9. Is Tango cloud-based or on-premise?

Tango is a fully cloud-based platform, offering the scalability and accessibility needed by modern lease management teams. Users can access the system from anywhere with an internet connection.

10. Does Tango support CAM reconciliation and expense tracking?

Tango itself offers tools to store and analyze lease terms related to CAM (Common Area Maintenance) and other operating expenses. While it does not perform CAM reconciliation automatically, it allows teams to track caps, exclusions, and expense obligations, which are critical for manual or third-party reconciliation processes.

Learn how RE BackOffice can support you with ongoing lease administration in Tango.

Contact us today!