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Lease accounting has a lot of moving pieces. And they are always changing due to the ever-evolving regulations around lease accounting. If you don’t keep up with your lease valuations and amortization schedules, you might be exposing yourself to financial risks. Also, these changes drive the admin costs that are required to maintain the leases. And ERP systems don’t make it any easier as they might be difficult for lease admins to use them effectively.
In today's episode, our guest, Greg Kautz, shares his insights into the nuances of lease accounting and why they are harder to handle with ERP systems. He also discusses how leases vary across industries and which ones have the most burden of lease administration. Finally, he discusses why alignment of master data is important between your ERP and lease administration software if you plan to use one for your lease management.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
WBSRocks: Business Growth with Enterprise Software and Digital Transformation