Published in CFO Tech Outlook
By Sandeepa Majumdar
LeaseAccelerator: Pioneering the New Category of Enterprise Lease Accounting
The new category of software is crucial for enterprise-wide compliance with ASC 842 and IFR 16.
Published in February 2018
Read an excerpt:
Although the new leasing standards will come into effect in 2019, with leased assets scattered everywhere, organizations are left with very little time to analyze, validate, and accurately generate data and audit trails. While the scenario is growing complex, many organizations are still using traditional spreadsheets and homegrown systems to manage their lease portfolios, which result in billing errors and evergreen fees. What they require is a dynamic lease accounting application that can automate the business processes at the enterprise scale.
Enter LeaseAccelerator, a pure play lease accounting software provider that has it all covered. Having performed lease accounting and management for over a decade, LeaseAccelerator is the first of its kind cloud-based SaaS application that automates every step in the leasing lifecycle. It tracks all the assets under the new regulations and generates reliable leasing data, in no time, for financial disclosures. “We are on a mission to optimize lease accounting for enterprises. While other software vendors have recently jumped onto the bandwagon to offer lease accounting, our experience in R&D, customer support, and product strategy, developed over the years makes us the go-to solution provider,” notes Michael Keeler, CEO, LeaseAccelerator.