LAS VEGAS, Nev. – February 12, 2018 – LeaseAccelerator will be co-presenting with Genpact tomorrow at the Financials 2018 Conference in Las Vegas. There are less than 12 months remaining until the initial deadlines for the new lease accounting standards (ASC 842 and IFRS 16). For many SAP-centric companies, implementing an ASC 842 project will be one of the top finance initiatives of 2018.
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.
RESTON, Va. – January 31, 2018 – LeaseAccelerator, the leading provider of Enterprise Lease Accounting software, announced today that John Keenan has joined the company as its new chief revenue officer. Keenan brings 25 years of experience leading sales and marketing organizations at high-growth companies that disrupted or created new categories of software.
RESTON, Va. – December 19, 2017 – LeaseAccelerator, the leading provider of Enterprise Lease Accounting software, announced today that Ingemar Lanevi has joined the company as vice president of finance and capital markets. Lanevi has over 25 years of experience leading finance, treasury, leasing and strategy functions at Silicon Valley global companies such as HP, NetApp and SGI. While treasurer at NetApp, Lanevi created a global treasury function as the company grew from $500 million to almost $5 billion. In his new role, Lanevi will be responsible for growing the company’s marketplace for competitively sourcing equipment leases, the Global Lessor Network.
RESTON, Va., December 11, 2017 — LeaseAccelerator, the leader in Enterprise Lease Accounting Software, announced today that it was recognized as one of 2017’s Top 25 Procurement Solution Providers by CIO Applications magazine. The annual list of companies is selected by the panel of experts and members of CIO Applications’ editorial board to recognize and promote technology entrepreneurship. LeaseAccelerator’s recognition is based upon the continued innovation it has introduced to its Equipment Lease Sourcing application and the Global Lessor Network.
RESTON, Va. and WASHINGTON, D.C – November 27, 2017 – LeaseAccelerator and Riveron Consulting announced today that they will be co-presenting on a forthcoming ClearLaw Institute Webinar about the new lease accounting standards. The new standards, FASB ASC 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.
RESTON, Va. – November 1, 2017 – LeaseAccelerator, the leading provider of Enterprise Lease Accounting software, announced today it will host its 2017 Lease Accounting Summit in New York City on November 15th. Immediately following the Current Financial Reporting Issues (CFRI) conference, held by the Financial Executive Insitute (FEI), summit participants will gather in Times Square to discuss case studies, challenges, best practices, and lessons learned from early lease accounting project implementations.
IRVINE, Calif.–(BUSINESS WIRE)– Companies facing compliance deadlines for sweeping new lease accounting standards can look for assistance from a strategic partnership announced today between RGP, a global consulting and professional-services leader, and LeaseAccelerator, a top provider of enterprise lease accounting software. The two firms have teamed up to help clients navigate the standards finalized in 2016 by the U.S. Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB).
RESTON, Va. – October 23, 2017 – LeaseAccelerator, the leading provider of Enterprise Lease Accounting software, announced today that Frank Irizarry has joined the company as vice president of sales. Frank has over 30 years of experience helping financial executives identify, evaluate, buy, and deploy complex business solutions at other market leading financial software companies including Oracle, Siebel, Reval, and FinancialForce. Prior to joining LeaseAccelerator, Frank was the vice president of enterprise accounts at FinancialForce, the leading cloud ERP native to the Salesforce platform.
RESTON, Va., October 11, 2017 — LeaseAccelerator, the leader in Enterprise Lease Accounting Software, announced today that it was recognized as one of 2017’s top 10 Financial Reporting Solution Providers in the latest edition of CFO Tech Outlook. The annual list of companies has been selected by the panel of experts and members of CFO Tech Outlook’s editorial board to recognize and promote technology entrepreneurship. LeaseAccelerator’s recognition is based upon its innovation in providing “push-button” reporting capabilities for the new lease accounting standards.
RESTON, Va. — October 3, 2017 — LeaseAccelerator, the leader in Enterprise Lease Accounting Software, announced fully-automated, “push-button” support for transition accounting in the latest release of its software-as-a-service application. As the initial 2019 deadline for the new lease accounting standards approaches, companies are beginning to focus on how they will transition their existing portfolio of operating leases to ASC 842. The ability to provide the necessary comparative reporting and financial disclosures from the Date of Initial Application through the Effective Date is one of the most complicated and important aspects of the transition. Auditors and other users of financial statements will be scrutinizing balance sheets before and after the application of the new standard to understand the impacts.