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?
Having been involved with ASC 842 / IFRS 16 compliance and lease management issues from the beginning, our Bramasol Center of Excellence leasing team has helped a wide range of companies plan and implement integrated approaches. We have also developed a solid process for helping companies move away from their roadblocked standalone environments to more sustainable integrated processes.
So to help you focus in on what matters we are sharing the top 5 most popular Bramasol Lease Accounting webinars, taken from the 100 of webinars that we published over the years. We encourage you to take a look at these and then head over to our resource center to learn more.To stay on top of what’s new, sign up for our Monthly Newsletter.
1) Lessor Accounting and Automated Revenue Management (ARM) are Key for Supporting New Business Models
2) Improving Free Cash Flow Through Active Lease Management
See how SAP CLM can help you have clear visibility into Finance and Operating leases to ensure you have them classified correctly impacting EBITDA. You will also see how focusing on impairments, evergreen leases, and modifications can ensure you don't pay for what you don't use. Don't miss this webinar to improve the bottom line and save cash. Watch Now!
3) Simplify, Automate and Scale Lessor Accounting with SAP CLM/RAR and Bramasol
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.
4) Lessor Accounting - The Convergence of RevRec and Lease Accounting
5) Streamline Your Lease Accounting Processes with Accelerators for Switching to SAP CLM
Join us to learn about Bramasol's accelerators to switch to SAP CLM ( Contract and Lease Management) which was built to comply specifically with both ASC 842 and IFRS 16 and learn about Bramasol's own IP around disclosure and validation reporting to ensure compliance with the new reporting standards. Watch now!
Which of these webinars did you enjoy most? What topics would you like to see us cover in our webinars?
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We look forward to having you join us for more webinars!