Adoption of ASC 842 was challenging enough. No company implemented new lease accounting software expecting to replace it just a couple of years later. But many are doing just that. What are the reasons why lease accounting software systems fail?
Many corporate buyers found out the hard way that under-developed systems lack important functionality in nine key areas. This forces accounting teams to spend countless hours creating manual workarounds in spreadsheets, leading to lost productivity, control issues and serious audit challenges.
Matt Waters, CPA, breaks down those nine key areas and tells you how to avoid them.
