Many organizations are looking beyond lease accounting for ways to improve ROI with strategic financial initiatives. These can include platform consolidation across lease administration and accounting, leveraging analytics and AI, or adopting emerging standards around emissions.
As the 2023 Global Lease Accounting Survey conducted by Ernst & Young LLP (EY) and LeaseAccelerator data shows, forward progress is often hindered by spreadsheets and data silos, causing lease accounting integration and governance to fall behind the automation of most finance functions.
EY and LeaseAccelerator discuss critical industry benchmark data on how global organizations are managing their leasing and lease accounting processes, what's next after ASC 842 and IFRS 16 compliance, and actions to take to achieve and optimize ROI.
Learning Objectives:
- State of the market across audit challenges, resources, and technology adoption
- Ways to eliminate cost and risk from lease accounting audits
- How lease administration and accounting systems and processes are consolidating
- Adopting emerging standards for emissions/Net Zero
- Strategies to optimize resources and tools for ROI
