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.
In this webinar, experts from SAP and Bramasol will provide a deep dive into how SAP Contract and Lease Management (CLM) can help get your company on track for lease management that is truly scalable and adaptable for both today’s requirements and tomorrow’s changing needs. You will hear about CLM’s end-to-end integration provides robust support for the lease modification process, reduces manual journal entries and improves reconciliations crucial for day-to-day active lease management. It is important to remember that a lease is not stagnant but is a living document which changes many times over its lifecycle. Most companies want an efficient and effective means to automate and simplify this process and CLM provides that.
Whether your company is a lessee, lessor or both, this webinar will give you a better understanding of the big picture, the road ahead and how to make sure that your lease accounting systems are up to the challenges.