Harnessing lease accounting centers of excellence
Len Neuhaus | February 10, 2020
One of the biggest post-adoption challenges for companies will be in the areas of talent, staffing and training. Companies will need to transition away from their original team used for implementation and move toward a long-term staffing strategy with in-house personnel. As a result, many companies with large, distributed leasing portfolios have centralized the staff performing record-to-report functions in a leasing center of excellence (COE). These new leasing COEs are typically being co-located with shared service centers for payables, collections, and fixed asset accounting.
Read the full article on Accounting Today.