CoStar

Lease Accounting Compliance Presents an Opportunity


Sponsored by CoStar

Eliminate wasted spending and gain better control of real estate and equipment leases with data consolidation. Read how two Fortune 500 companies did it and more in our new whitepaper.

There’s nothing like compliance with new regulations to bring about organizational change.  But change presents opportunity.  Making wise decisions for compliance with the new FASB and IASB lease accounting standards offers the opportunity to add value to companies by streamlining processes, empowering better decision-making and realizing cost savings.

The first – and most important – decision should involve creating a plan to consolidate real estate, equipment and other leased asset data into a centralized technology system. In doing so, companies can recognize numerous benefits including the elimination of overpayments for out-of-date leases and a lower total cost of ownership for organizational lease management.

CoStar’s new whitepaper Data Consolidation for Lease Accounting Compliance discusses the benefits of a unified lease data management system, the best approach to organizational data consolidation and the problems to avoid in the process. Download a copy here.

What’s included in the whitepaper:

The Benefits of One System – Better quality data, more accurate reporting, better visibility and control of assets, eliminate wasted spending and a lower total cost of lease management.

A Lease Accounting Manager Speaks From Experience – The lease accounting manager with the largest home improvement retailer in the U.S. gives a first-hand perspective on leading the company’s efforts to prepare for the new standards and taking on the monumental task of consolidating all lease data into one system.

Success Story: Fortune 500 Flooring Manufacturer Covers Lease Accounting Needs – Read how one of the largest manufacturers and distributors of residential and commercial flooring in the U.S. consolidated a portfolio of more than 5,000 leased assets including almost 400 locations and more than 700 trucks.

Top 10 Questions for Selecting Lease Accounting Software, How to Approach Consolidation, Department Stakeholders for Lease Accounting Compliance, Problems to Avoid, and more.

Visit costarmanager.com to learn more about our lease accounting solutions.