Whether you run lease operations and financials with spreadsheets or another solution, any approach that doesn’t quite work for all of the resources that need to interact with lease data over time leaves teams frustrated, financial and operational risk unchecked, and real money on the table.
We know the decision to switch to a new solution isn’t always an easy conclusion to arrive at – or to action against. And any vendor promising a quick, seamless migration probably isn’t being transparent.
But when the alternative is paying for software that doesn’t fully meet your needs today and isn’t well positioned to support your business with future requirements the choice becomes clear: It’s time to assess your options and move on.
If you’re considering upgrading to a solution that’s designed for controls, compliance, and seamless collaboration for everyone on your team, then this is the guide for you.
In this guide you will:
- Build Your Business Case: Discover how to define and articulate the challenges with your current lease accounting system and set clear, strategic objectives for your new solution.
- Identify Key Stakeholders: Learn the importance of involving diverse stakeholders, including finance, real estate, and IT professionals, and understand their roles in ensuring a successful transition.
- Research Solutions: Gain insights on utilizing analyst reports and third-party reviews to evaluate lease accounting solutions, helping you discern the necessary features for your needs.
- Conduct a Cost-Benefit Analysis: Master the art of conducting a thorough cost-benefit analysis to understand the financial implications and strategic value of switching to a new lease accounting system.
- Conduct the Vendor Selection Process: Get guidance on narrowing down your software options, creating a compelling executive summary, and choosing a vendor that aligns with your organization's goals.
- Presenting Your Business Case: Acquire skills for effectively presenting your business case to stakeholders, highlighting the urgency and benefits of the new system to garner necessary support and approval.
This is one switch you really can’t afford to stall.
Download our full guide to begin your journey towards a better lease accounting and administration platform.