5 KEY ELEMENTS TO LOOK FOR IN A LEASE ACCOUNTING SOLUTION
Organizations worldwide are required to bring most leases on-balance sheet as obligations and liabilities by January of 2019. The looming effective dates for these new standards (IFRS 16 and ASC 842) are coming quickly and the scramble for adoption has started.
Large organizations require lease accounting solutions that integrate with existing financial systems, unify lease data, enable communication and collaboration, automate accounting, enable full lease lifecycle management, and support compliance with IFRS 16 and ASC 842.
This guide focuses on the key elements to look for in a lease accounting solution and will answer the following questions: