With the implementation of new lease accounting standards such as ASC 842 and IFRS 16, organizations have faced significant challenges in ensuring compliance with the reporting requirements of these standards.

Countless hours of effort and resources have been dedicated to updating processes, gathering data, and adopting the necessary accounting software to ensure continuous compliance and minimize the time spent on managing leases.

Now that compliance has been achieved, it’s time for businesses to shift their focus from adherence to the standards to unlocking untapped value and driving strategic decision-making. In this Guide, we’ll help you get started with tips, examples, and more.