The requirements of ASC 842 – specifically the need to re-examine all leases within the organization, ensure compliance across the board, identify embedded leases, and stay on top of any changes to existing leases – mean that organizations have had to completely re-look at the way they manage their leases, and in particular how they account for such leases.
In this Paper we’ll examine what automation really means for ASC 842 compliance, including best practices, and what the very best lease automation software solutions can offer your business.