ProNexus Lease Accounting Software: 2-for-1 limited time offer!
As you may have heard, on July 17, 2019, the FASB voted unanimously to delay implementation of the new lease standard for private companies for one year. The delay has been submitted for public comment and is expected to be made official. A lot of our clients I’ve spoken to recently are concerned with the delay, as they were just getting started on implementing the new lease standard. For those that have not started, at a minimum, we recommend one of the following two options, or a combination thereof:
- Completing the Planning, Scoping, and Assessment phases of the implementation. This is not a lot of work and will provide client’s visibility to what’s ahead, while identifying the high-risk areas and planning accordingly to meet the compliance deadlines.
- Purchasing lease software, abstracting the data elements from existing leases, and uploading the data in the software. This will allow companies to maintain the lease data in a central repository, estimate what your Day 1 ROU calculations may look like, and allow for a quick and seamless implementation when the time comes
To help keep that momentum with our clients or to help you get started with the recommendations above, ProNexus is offering one year free access to our Lease Software.
- Simply commit by December 31, 2019
- Pay for the first year
- Get the second year at no cost
In case you haven’t had a chance to check out our Lease Software, here are more details on how it helps vastly simplify implementation of the new lease standard, plus a case study of one company’s success with the platform.
We also have a webinar series dedicated to our lease accounting software demos that you can sign up for here!