Our expertise has helped hundreds of public companies implement the new lease accounting standards — our impact helps optimize people, processes, and technology around lease accounting. From roadmap planning and process design to change management, our team can help you throughout every step of the journey to compliance.
01.
The Challenge
A global technology / AI company was challenged with complying with both ASC 842 and IFRS 16 lease standards including data decentralization, resource constraints, technology, quality and completeness. We engaged with CoStar to help them achieve compliance as well as apply best practices to their Real Estate Manager system configuration and day two processes to better manage their lease portfolio.
02.
What We Did
- Lead project management transformation
- Provided best practices to configuring CoStar Real Estate Manager with consideration to the client environment
- Conducted lease data collection and populated CoStar upload templates
- Supported significant business process transformation
- Collaborated with CoStar to determine use cases in support of data validation and user acceptance testing
- Provided “go-live” and post-implementation support
03.
Our Impact
- We delivered a thorough, time-tested and customized lease accounting system
implementation approach to provide a ‘white glove approach’ to client service
and to ensure best practices are applied, lease data is complete, and system reporting is validated for completeness and accuracy - Our collaborative approach among the client and the software vendor ensures
that post-implementation, the client has full working knowledge of their selected system of choice and lease accounting/reporting is complete and accurate
