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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?

 

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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.

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Download eBook - Transitioning to ASC 842: Why Robust Analytical Reporting Tools will be a must for all Entities

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