Why use the Sample Lease Accounting Software RFP?
By using the lease accounting software RFP template, you can ensure that your company chooses a lease accounting software that will meet the requirements under the current and new lease accounting standards. Many companies will find that they will need to invest in some form of lease accounting software to comply with the new standards. However, it’s important to perform due diligence when selecting a vendor. Most lease accounting software vendors didn’t even begin development until after FASB and IASB published their standards.
Learn what questions to ask the vendors about their product to determine if it really works. Download this template and customize it to the needs of your organization. The template includes questions on the software’s readiness, accounting and management features, reporting and disclosure options, integration capability, data abstraction features, implementation process, customer support availability, and more.
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The guide includes a comprehensive checklist of features for real estate and equipment lease accounting and administration.
Learn the key risks and challenges of the lease accounting implementation, and how to budget, and estimate the implementation time frame.