RESTON, Va., July 24, 2019 /PRNewswire-PRWeb/ -- LeaseAccelerator, the pioneer of the Enterprise Lease Accounting software category, announced today that ASC 842 lease accounting expert Leonard Neuhaus, CPA has joined the company as its new Vice President, Lease Accounting. Leonard is a leading industry GAAP and accounting change expert, specializing in lease accounting and revenue recognition. He adds to LeaseAccelerator's growing team of industry experts, many of whom have built or managed billion-dollar leasing programs at some of the world's largest companies and have decades of real-world experience in technical accounting, corporate treasury, and financial systems implementations.
Bringing over 30 years' experience as a CPA, Chief Financial Officer and Chief Operating Officer, Leonard most recently led the Project Management Office for the implementation of ASC 842 Leases and ASC 606 Revenue from Contracts with Customers at International Flavors & Fragrances Inc. (IFF). Leading IFF's adoption of ASC 842 and IFRS 16 on the company's SAP platform using a prospective transition approach, Leonard set up a leasing global center of excellence in the firm's Global Services Center in Budapest, Hungary. Leonard was responsible for designing and implementing the systems, processes and controls for the successful, timely and on budget implementations of the new standards while spearheading the global implementation and application of these new standards at the corporate level.
"Having successfully implemented the new accounting standard for a global multi-national utilizing LeaseAccelerator, Leonard has very current hands-on expertise on both the new standard and how to successfully implement the standard using our leading technology," said Tracy Henriques, Chief Customer Officer at LeaseAccelerator. "As a former CFO and COO, he can collaborate with and help guide our customers at all levels and at every stage of their implementation project and long-term operations."
"With the initial adoption and implementation for many public companies behind us, controllers need to transition to longer-term strategies for scaling the record-to-report process driven by systems and automation," said Leonard Neuhaus. "I am excited to bring my expertise in both the technical standard and how best to implement the standard to the LeaseAccelerator customer base. I look forward to helping firms ensure the success of their ASC 842 and IFRS 16 implementation projects."
About LeaseAccelerator:
LeaseAccelerator offers the market-leading Software-as-a-Service (SaaS) solution for Enterprise Lease Accounting, enabling compliance with the new ASC 842, GASB 87, and IFRS 16 lease accounting standards. Using LeaseAccelerator's proprietary Global Lease Accounting Engine, customers can apply the new standards to all types of leases including real estate, fleet, IT, and other equipment at an asset-level as required by FASB and IASB. On average, LeaseAccelerator's Sourcing and Management applications generate savings of 17 percent with smarter procurement and end-of-term management. Learn more at http://www.leaseaccelerator.com/.
SOURCE LeaseAccelerator
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