In the News

Lease Accounting – Making the Headlines

The new lease accounting standards introduced in early 2016 by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have been making headlines in the US and International press.  From the Wall Street Journal and Financial Times to Accounting Web and Accounting Today, the discussion of how “the biggest accounting change ever” will impact the balance sheets, executive compensation and debt covenants of Global 2000 companies has become a topic for board directors, shareholders and ratings agencies.

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Press Releases

Bevan Webster Joins LeaseAccelerator as Vice President of Professional Services

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Seasoned SaaS Executive to Apply Best Practices in Accounting Change to Leasing Implementations

RESTON, Va. – September 20, 2017 — LeaseAccelerator announced today that Bevan Webster has joined the company as Vice President of Professional Services. Bevan has over a decade of experience in leading complex accounting change projects and treasury systems implementations for multinational organizations around the world. Earlier in his career, Webster played a key role in helping multinational clients transition to the new hedge accounting standards. Prior to joining LeaseAccelerator, Bevan was the Vice President of Professional Services at Reval, a leading cloud-based treasury and risk management provider.

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LeaseAccelerator to Speak at ELFA Operations and Technology Conference

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CEO Michael Keeler to Comment on the Impacts of the New Lease Accounting Standards Beyond the Accounting Organization

Charlotte, N.C., September 13, 2017 — LeaseAccelerator announced today that its CEO, Michael Keeler, will participate in a panel at today’s ELFA Operations and Technology Conference. LeaseAccelerator will participate along with several financial institutions and software vendors in a discussion about how the new standards will impact why customers lease and what products lessors offer. Panelists will provide a point of view on the implications of ASC 842 from a sales, marketing, credit, operations and systems perspective.

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Tracy Henriques Joins LeaseAccelerator as Vice President of Customer Success

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Experienced Software Executive with Audit Background to Lead Support Organization

RESTON, Va. – September 7, 2017 — LeaseAccelerator announced today that Tracy Henriques has joined the company as Vice President of Customer Success. Tracy will assume responsibility for LeaseAccelerator’s multi-tiered global support team as well as the account managers that partner with customers to achieve their business goals. Prior to joining LeaseAccelerator, Tracy was the Vice President of Customer Success at Microstrategy, where she built and led the Global Customer Success team for a multi-hundred dollar million revenue base of more than 4000 enterprise and OEM customers.

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Lease Accounting for Oracle ERP Users Webinar to be Hosted by LeaseAccelerator

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Experts to Explain How to Select a Lease Accounting Application to Support the New ASC 842 and IFRS 16 Standards
 
RESTON, Va. – August 29, 2017 –LeaseAccelerator announced today that it will be hosting an educational webinar on lease accounting for Oracle ERP users seeking to implement a solution for ASC 842 and IFRS 16. The new lease accounting standards, introduced last year, will require companies to track real estate, equipment, and embedded leases as assets and liabilities on their balance sheets by end of 2018.

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LeaseAccelerator to Speak about Enterprise Lease Accounting Software at Financial Leaders Conference

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CEO Michael Keeler to Offer Best Practices on Software Selection to Comply with ASC 842 and IFRS 16

PHILADELPHIA, June 28, 2017 — LeaseAccelerator announced today that its CEO, Michael Keeler, will participate in a panel at today’s Financial Executives International (FEI) 2017 Accounting Change for Financial Leaders conference.  LeaseAccelerator will participate along with major accounting firms and other software vendors in discussions focused on the selection and implementation of Enterprise Lease Accounting Software to support the new standards, ASC 842 and IFRS 16.  Panelists will provide recommendations on key functional and technical specifications for the software as well as critical success factors for implementation.

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Asset Level Lease Accounting Webinar to be Hosted by LeaseAccelerator

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Experts to Explain Why Asset Level Lease Accounting is Required to Comply with the New ASC 842 and IFRS 16 Standards

GREAT FALLS, Va. – March 27, 2017 – LeaseAccelerator announced today that it will be hosting an educational asset level lease accounting webinar explaining its role in implementing ASC 842 and IFRS 16. The new lease accounting standards, introduced last year, will require companies to track real estate, equipment, and embedded leases as assets and liabilities on their balance sheets by end of 2018.

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Two-Thirds of Large Companies Finding New Lease Accounting Standards More Complex than Anticipated

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One Year After the Introduction of FASB’s ASC 842, Top Challenges include Modifying Business Processes, Collecting Data and Deploying Software

GREAT FALLS, Va., Feb. 27, 2017 — LeaseAccelerator, the leader in Enterprise Lease Accounting Software, announced the results of a Progress Report study gauging the readiness of large companies to support the new lease accounting standards (ASC 842) one year after their initial publication. The research study, conducted earlier this month, surveyed over 250 respondents in the accounting and finance functions at large public and private US-based corporations.

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LeaseAccelerator CEO to Speak on Lease Accounting Panel at CFRI Conference

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CEO Michael Keeler will Discuss How Enterprise Lease Accounting Software is a Critical Component to a Successful Journey towards ASC 842 Compliance

NEW YORK, November 15, 2016 — LeaseAccelerator announced today that its CEO, Michael Keeler, will participate in a panel today at Financial Executives International’s (FEI) Current Financial Reporting Issues (CFRI) Conference. The new lease accounting standards issued earlier this year will require organizations to face the challenging task of analyzing their leasing arrangements to ensure they are ready to comply at the time of adoption.

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LeaseAccelerator CEO to Speak at FEI New Lease Accounting Standards Conference

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CEO Michael Keeler will Discuss Systems, Tools and Software Applications to Implement New FASB and IFRS Standards

IRVINE, Texas, June 14, 2016 — LeaseAccelerator announced today that its CEO, Michael Keeler, will participate in a panel at the upcoming Financial Executives International (FEI) New Lease Accounting Standard Conference. Issued earlier this year, the new standards, FASB ASU 2016-02 (or Topic 842) for US GAAP and IFRS 16, will require companies to track virtually all real estate, equipment leases, and leases embedded in service agreements as assets and liabilities on their balance sheets starting as early as 2019.

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LeaseAccelerator and Riveron Consulting to Co-Present in ClearLaw Institute Webinar on New Lease Accounting Standards

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Lease Accounting Experts to Recommend Best Practices for Implementing FASB’s New Rules

GREAT FALLS, Va. and WASHINGTON, D.C. – June 6, 2016 – LeaseAccelerator and Riveron Consulting announced today that they will be co-presenting on a forthcoming ClearLaw Institute Webinar about the new lease accounting standards. Issued earlier this year, the new standards, FASB ASU 2016-02 (or Topic 842) for US GAAP and IFRS 16, will require companies to track virtually all real estate and equipment leases as assets and liabilities on their balance sheets starting as early as 2019.

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