2-for-1 limited time offer: ProNexus Lease Accounting Software
As you may have heard in April 2020, the FASB made it official there would be another one-year delay regarding the implementation of the new Lease Accounting Standard, allowing organizations to focous on getting through the pandemic.
A lot of our clients we’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, 2020
- 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.