Lease Accounting and Lease  Administration Software: Why You Need Both

Make sure you have the proper software stack to be and stay compliant with FASB ASC 842 & IFRS 16
Why You Need Both

New Accounting Standards: A Changing Landscape

Navigating the burden of legacy systems, systems complexity, and finding the necessary resources within current IT teams are proving challenging for many organizations as they work to ensure compliance with ASC 842 and IFRS 16.

To comply with the new lease accounting standards, organizations are needing to make both operational and system changes, which includes better managing their lease accounting practices.

To help organizations successfully implement the changes and ensure compliance, this white paper explores the importance of having both lease administration and lease accounting software and outlines three factors every company must consider.

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