How Automating Lease Accounting Saves Time, Money, and Effort
The new lease accounting standard, IFRS 16, now in effect will likely be the biggest and most complex initiative controllers and financial accounting teams will tackle in 2019 and 2020. In lease accounting, there is no one-size-fits-all solution.
Even though IFRS 16 is a common standard, transitioning is different at every company. Individual organisations have unique lease programs that may require significant changes to systems, processes, policies, and controls. A lease program that is not well managed can easily end up being very costly when you evaluate the full lifecycle of a lease.
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- Why one size does not fit all: Considerations for Day 1 and Day 2 lease accounting
- How Lease Accounting as a Service (LAaaS) generates a larger return
- How a SaaS solution that integrates fully digitised leasing into the global close process offers the best support for sustainable lease accounting compliance
Senior Director Solution Consulting – EMEA,
Prof. Dr. Andreas Krüger