Lease accounting automation: Saving hundreds of work hours

Accounting teams pursuing the goal of continuous accounting already understand that the more automation, the better. Why? Automation distributes workloads more evenly across accounting periods, eliminates error-prone manual processes, produces audit trails, reduces close cycles, and more.

Matt Waters, CPA and Director of Lease Accounting with CoStar, will explore just how far lease accounting automation has developed since the new ASC 842 and IFRS 16 guidance was introduced and explain why advancements in automation improve productivity, controls, and costs while meeting compliance mandates. Attendees will learn how many hours of work and what headaches can be eliminated with automated, rule-based solutions for roll-forward reporting, discount rate matching, bulk lease remeasurements, and much more.