Helping you understand how the standard is likely to affect you, how to raise awareness, what you need to do and who you need to involve to implement the new standard.
We can help you project manage the implementation process and ensure a robust governance structure is in place.
Technical accounting advice
The new standard requires a deep understanding of leasing, the applicable guidance, and requires new interpretations and judgments. Our team has the expertise and tools to help you get this right.
Lease data gathering and analysis
We can help gather relevant data with automated extraction tools and we have the analysis capabilities and modelling tools to help you understand the impact and make the right decisions on leases.
Business and lease strategy changes
With the changes in lease accounting and increased transparency, you might determine that your contracts require changes or your lease versus buy decisions may change. We can help assess the risks in your lease portfolio, areas of potential costs savings and lease portfolio optimisation.
Software vendor selection and implementation
You may need to implement new systems, business process and control to comply with the new leases standard. We know the lease software vendors and can help to assess, select and implement the right vendors and software applications.