Since the release of new lease accounting standards ASC 842 and IFRS 16 in 2018, companies have taken a variety of approaches to comply, but many are now aiming to optimize their lease accounting processes for efficiency and long-term manageability. It is becoming clear that standalone software and offline spreadsheets cannot provide the level of financial integration needed to go the distance for supporting a robust Comply, Optimize, and Transform journey.
Webinar- Take Lease Accounting to the Next Level with SAP CLM
Mon, Jan 9, 2023 @ 07:57 AM / by John Froelich posted in leasing, Leasing Solution, CLM, SAPCLM, lessor, Contract and Lease Management, Lease Accounting
Top five webinars on Lease Accounting
Thu, Aug 26, 2021 @ 09:02 AM / by John Froelich posted in webinar, leasing, SAPLeaseAdmin, Leasing Solution, CLM, sap clm, Contract and Lease Management, Lease Accounting
Companies faced with the lease accounting compliance deadlines over the past 2-3 years opted for “quick and easy” standalone or offline approaches that emphasized basic compliance over long-term integration, efficiency, and scalability.
As a result, most of these companies are now grappling with major roadblocks when it comes to managing lease accounting compliance in relationship to overall business goals, especially when it comes to coping with dynamically changing lease portfolios.
One of the biggest shortcomings from taking the standalone solution approach is the narrow focus on cataloging existing lease portfolios and analyzing them against the new compliance criteria. In effect, this is like just taking a static snapshot of a constantly changing environment.
So, how can you overcome these shortcomings related to standalone or offline approaches?
Webinar - Streamline Your Lease Accounting Processes with Accelerators for Switching to SAP CLM
Wed, Aug 11, 2021 @ 04:26 AM / by John Froelich posted in webinar, leasing, ASC842, Leasing Solution, CLM, SAPCLM, Contract and Lease Management
With the upcoming already extended deadline for the adoption of ASC 842, the new lease accounting standard in the US, many companies who have already adopted are struggling with managing the accounting under the new standard in spreadsheets or because they already chose a standalone software but are not happy with the results due to a lack of integration, causing reconciling issues or reporting inaccuracies.
Optimize Real Estate Management with Integrated SAP Lease Accounting Solutions - Get a Health Check to Learn How
Sun, Aug 8, 2021 @ 08:25 AM / by David Fellers posted in Leasing Solution, CEO perspective, Thought Leadership
For most companies, real estate represents one of the largest investment and expense categories on their balance sheets and P&L reports. Regardless of whether their real estate assets are owned or leased, effective management of the real estate portfolio is a key factor for managing bottom line results and achieving business goals.
Webinar: Simplify, Automate and Scale Lessor Accounting with SAP CLM/RAR and Bramasol
Mon, Feb 8, 2021 @ 09:21 PM / by Bramasol posted in webinar, SAP, SAP Revenue Accounting and Reporting, SAP RAR, leasing, Leasing Solution, SAPCLM
You can have a single, integrated solution for Lessor Accounting from SAP. Watch now the webinar as Bramasol shows you how we can bring together two of the most powerful solutions for revenue and lease accounting SAP RAR and CLM to deliver a comprehensive, scalable and integrated solution managing both your Operating and Sales Type leases all in one place.
Lease Accounting Optimization with Contract and Lease Management (CLM): How to move beyond the roadblocks created by sub-optimal compliance methods.
Wed, Dec 2, 2020 @ 06:28 AM / by David Fellers posted in Leasing Solution, ASC 842, CEO perspective, Thought Leadership, CLM
As we move into 2021, companies are finalizing their plans, budgets and operational improvement processes for the coming year. One of the key challenges that many organizations face is how best to optimize and integrate their ASC 842 / IFRS 16 compliance within their overall business systems.
Webinar: Increased Speed, Deeper Insights and Scalability with Bramasol Disclosures 2.0
Tue, Jun 9, 2020 @ 07:11 AM / by Bramasol posted in analytics, SAP RAR, Leasing Solution, Disclosure Reoprting
“Real-time data” is a very popular term in the world of reporting and analytics. Timeliness of reporting can deliver good returns to the business. Companies reporting in real time are better positioned to do strategic planning and attract investors.
New purpose-built CLM Rapid Solution for Lease Accounting Standards ASC 842 and IFRS 16
Tue, Jun 2, 2020 @ 08:38 AM / by Bramasol posted in IFRS16, Leasing Solution, ASC 842, sap clm
As a leader in compliance and finance innovation, Bramasol has introduced a new purpose-built CLM Rapid Solution that enables companies like you to quickly get up and running for ASC 842 or IFRS 16 compliance. It leverages the power of the industry’s leading leasing solution, SAP CLM, and combines it with Bramasol’s deep experience to provide a quick start that can get you up and running in 8 weeks instead of months or years and for a price that you can afford.
Podcast- Improving Cash Flow and EBITDA with Active Lease Management
Mon, May 18, 2020 @ 09:32 PM / by David Fellers posted in SAP, ASC842, SAPLeaseAdmin, IFRS16, Leasing Solution, podcasts, SAPCLM
Listen to our latest Podcast on Improving Cash Flow and EBITDA with Active Lease Management. During this podcast, John Froelich, Bramasol VP of Marketing and Strategy, discusses Active Lease Management and explains how it can improve visibility of lease portfolios and cash flow along with enhancing financial performance.
Podcast- ASC 842 Compliance for Private Companies
Thu, Jan 30, 2020 @ 06:09 AM / by Bramasol Leasing Administration Team posted in SAP, IFRS16, Leasing Solution, ASC 842, Compliance, podcasts
Listen to the latest podcast in Bramasol's Insights to Action series.
In this episode, John Scott, Senior Technical Accounting Adviser at Bramasol, shares insights of ASC 842 that applies to private companies and key issues that need to be addressed in order to succeed.