Now that many companies have adopted the new lease accounting standards, it’s time to set some policies, processes and controls to ensure long-term compliance.
To automate much of the heavy lifting for the new standards, companies purchased lease accounting software applications—but some of them were not fully functional by the deadline, forcing reliance on workarounds and manual processing to produce the necessary disclosures. These companies should now transition to longer-term, sustainable strategies for compliance.
Learn how to institutionalize processes, policies and controls for leasing that leverage automation and systems.