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.
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.
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.
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 million dollar revenue base of more than 4000 enterprise and OEM customers.
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.
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.
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 the end of 2018.
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.
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.