Month: January 2019 Articles

Centralized asset tracking could lead to less inventory shrinkage due to theft or lost assets.

The accounting calculations will be done by computer and take minutes as compared to months if done manually.

Compliance with lease accounting standards can be costly, and not just in terms of dollars.

Other than budget, time and resources are a large component of the overall cost of compliance. It’s necessary to have a multi-disciplinary team to address potential new needs for systems, data, documentation and revised policies and procedures.

De-centralized data management ultimately requires more effort and creates inefficiencies for companies of all sizes.

A centralized process, with centralized leasing is key. Leases must be located, collected, and identified to properly capture and support the data needed to effectively administer these portfolios and comply with financial reporting standards.

CFOs Uncover Surprise Savings as They Implement New Lease-Accounting Rules

"As finance executives analyze thousands of lease contracts to comply with new rules, they’re rewarded with potential savings."  Read the Wall Street Journal Article Here: CFOs Uncover Surprise Savings as They Implement New Lease-Accounting Rules