In January 2019 new lease accounting regulations were introduced. These new regulations, from the Financial Accounting Standards Board (FASB), the International Accounting Standards Board (IASB), and the Governmental Accounting Standards Board (GASB) are already having a significant impact on financial reporting.
The Planon Universe for Financial Professionals solution has been validated by a big four accounting firm and offers a compliant lease management process for property and asset lease contracts. Furthermore, the solution enables managers to make informed decisions regarding portfolio changes, lease renewals and lease proposals, presented in the language of senior business management, controllers, and accountants.
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