Many organizations have completed several audits following the new lease accounting regulations, but many continue to be challenged by the complexity of managing lease portfolios day-to-day. Without the right staffing and expertise, ongoing compliance can be challenging. And, despite the significant opportunity to drive ROI, optimizing and managing the entire lease lifecycle to its full potential is outside of many companies' core competencies.
As a result, more and more companies are looking to outsource part or all their leasing lifecycle from lease vs. buy and procurement through lease administration, day-to-day process management and end-of-term. Leasing experts discuss how managed services works and the real-world success they have seen with clients in closing the resource and skills gap for lease accounting.