The calculation and disclosure requirements of the leasing standard make it likely that most organizations will need software to enable compliance. But organizations would be wise not to rush into a purchasing decision. With so many options and factors to consider, making the right choice will be challenging but potentially rewarding. The software selection process and subsequent systems may offer business insights and capabilities that provide benefits far beyond leasing compliance.
- Evaluate the need for lease accounting software with the timing of when to buy
- Assess the opportunities for analytics to enable efficiencies during the transition to the new standard
- Summarize potential cost-saving opportunities for an organization
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- Chris Stephenson, Principal, Business Consulting & Technology, Grant Thornton LLP
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Recommended Field of Study:
Group - Internet
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