LeaseAccelerator Continues Growth with Oracle-Centric Companies

Start generating passive income through real estate.

Own a piece of your favorite cities through diversified real estate investments in the country's top markets

*Terms and conditions apply. Visit Nada's website for more details.

Loading...
Loading...

LONDON, Jan. 15, 2019 /PRNewswire-PRWeb/ -- LeaseAccelerator, the pioneer of the Enterprise Lease Accounting software category, announced today that over 50 Oracle-centric companies have selected its SaaS application to comply with the new IFRS 16 and ASC 842 standards. LeaseAccelerator offers a global lease accounting engine and dedicated subledger that can be easily integrated with Oracle's ERP platforms, including Oracle E-Business Suite, PeopleSoft, JD Edwards and their new Fusion applications.

LeaseAccelerator's Enterprise Lease Accounting solution for Oracle enables companies to not only comply by the deadlines, but to build a long-term, sustainable approach to lease accounting under the new standards. LeaseAccelerator was designed to enable companies to automate the record-to-report process for lease accounting. Automation not only reduces the number of incremental headcount required for lease accounting, but it reduces the time-to-close and lowers audit risk.

"Most lease accounting software providers are focused on offering the minimum viable product needed for compliance for day one," said Mike Ramsey, vice president of global solutions for LeaseAccelerator. "But the bigger challenge is achieving long-term, sustainable compliance on day two and beyond. Companies need to think about how to automate time consuming processes such as tracking modifications to lease contracts, making end of term recordations, and ensuring completeness of the lease portfolio."

LeaseAccelerator is a certified Oracle Gold Level Partner and member of the Oracle Partner Network. The Enterprise Lease Accounting application is built upon Oracle technologies including Java and Oracle Database and runs in the Oracle Cloud. LeaseAccelerator is sponsoring and presenting at the Oracle OpenWorld conference in London this week. Registered attendees can listen to Mike Ramsey present IFRS 16 Lease Accounting and the New Balance Sheet on 16 January from 9:45-10:20am at Forum 2 (Level 0). LeaseAccelerator will also be exhibiting at Kiosk #1, Finance Zone 4 throughout the event.

 

SOURCE LeaseAccelerator

Loading...
Loading...
Posted In: FintechPress ReleasesReal EstateBanking/Financial Services
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!
fintech-banner
Fintech Focus Newsletter

Your update on what’s going on in the Fintech space. Keep up-to-date with news, valuations, mergers, funding, and events. Sign up today!


Loading...