Enterprise Lease Accounting software will experience one of the fastest growth rates of any market in 2018 as the controllers of Global 2000 companies rush to adapt the new ASC 842 and IFRS 16 standards
RESTON, Va. (PRWEB) March 01, 2018
LeaseAccelerator, the pioneer in Enterprise Lease Accounting software, announced today that it has been featured as 2018's Top 10 Accounting Solution Providers in the latest edition of CFO Tech Outlook. The annual list of companies is selected by a panel of experts and members of the magazine's editorial board based upon their innovativeness and advancement in providing accounting solutions.
"Enterprise Lease Accounting software will experience one of the fastest growth rates of any market in 2018 as the controllers of Global 2000 companies rush to adapt the new ASC 842 and IFRS 16 standards," said Michael Keeler, CEO of LeaseAccelerator. "We are pleased that not only LeaseAccelerator, but also the new category of software - Enterprise Lease Accounting - is being recognized for its critical importance to this new era of GAAP reporting."
LeaseAccelerator's Enterprise Lease Accounting software features include:
- Financial Reporting - The global lease accounting engine enables Controllerships to deploy as many ledgers as required as well as the expanded set of qualitative and quantitative disclosures required under IFRS 16 and ASC 842.
- Record-to-Report Automation - Automated lease classification and calculation of subledger journal entries at the asset level allow Controllerships to eliminate many of the manual aspects of the record-to-report process - improving speed of close and reducing costs.
- Straight-through-Processing - A library of APIs, play-books and plug-and-play connectors enable companies to integrate their lease accounting software with real estate administration, asset management and general ledger applications including Oracle and SAP ERP.
"We are happy to announce LeaseAccelerator as one among the top 10 companies that are showcased in the Accounting Solution special edition," said Sarah Dawson, Managing Editor of CFO Tech Outlook.
LeaseAccelerator offers the market-leading SaaS solution for Enterprise Lease Accounting, enabling compliance with SOX, SEC, and current and new FASB and IFRS standards. Using LeaseAccelerator's proprietary asset-based Global Lease Accounting Engine, customers can account for all leases - real estate, equipment (fleet, IT, material handling, etc.) and embedded leases - at the asset level. On average, LeaseAccelerator's Lease Sourcing and Management applications generate savings of 17 percent on leasing costs through smarter procurement and end-of-term management. Learn more at http://www.leaseaccelerator.com/.
About CFO Tech Outlook Magazine
CFO Tech Outlook Magazine helps organizations to identify the risks faced in businesses and comes up with the latest technology insights that influence the business prospects of corporate houses serving across various industries. The board members of CFO Tech Outlook Magazine, including technology leaders and experts, have decided the "Top 10 Accounting Solution Providers 2018" and shortlisted the best vendors and consultants. For more info, visit: http://www.cfotechoutlook.com