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Lease Accounting to Support the FASB & IASB Standards

Are You Ready for the New Lease Accounting Standards?

PowerPlan’s Lease Accounting Solution Suite helps companies determine their optimal adoption strategy for the ASC 842 and IFRS 16 lease accounting standards. The solution is also compatible with multiple accounting treatments, including GAAP, IFRS and FERC.

Avoid These 3 Mistakes

How ADS Adopted ASC 842

Advanced Drainage Systems (ADS) faced significant challenges around lease accounting when it came time for the organization’s monthly close.  Find out how PowerPlan helped them:

  • Shrink their monthly close process from over 2 weeks to only half a day
  • Cut IT costs from using the solution’s single, integrated repository
  • Reduce risk by eliminating complex spreadsheets and providing an audit trail

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Helping organizations manage lease accounting for 16+ years. We support:

  • Industries like energy, health care, manufacturing, mining, retail and more
  • Various sizes, including 25+ Fortune 500 Companies, as well as medium-sized companies
  • Organizations across the globe with international requirements

Lease Accounting Changes: Learn More

Meet Current Lease Regulations and Upcoming Lease Accounting ChangesThrough:​

  • Adoption Analysis: Use scenario analysis in the solution to analyze different adoption scenarios and determine your strategy for adopting the new lease accounting standards.
  • Full Lease Lifecycle Management: Manage all capital and operating leases, including equipment, real estate and purchase power agreements.
  • Automated Processes: Reduce audit risk by eliminating manual tasks, ensuring accurate billing, reporting and documentation. Time-saving solutions like integrated invoice creation with billing departments provides better traceability and recognition of receivables.
  • Simplified Calculations: Automate the full range of lease calculations, from simplistic to the most complex, including variable rate and dynamic lease calculations.   
  • A Single, Integrated Solution: Seamless integration with multiple ERP, EAM and financial systems provides transparency into lease agreements, helping you make more strategic decisions.

Lease Accounting Suite Datasheet

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