Dear Lease Management friends:
As we begin the process of reinventing ourselves and evolve towards a post-election/Covid world of business operations, we are seeing firms engage in the process of reimagining a new way of doing business. Firms are aware of the need to build processes that eliminate as much human contact, or are ‘touchless’, as we prepare for the new normal.
Visionary firms are leaning into the concept of outsourcing all non-essential business processes, in their attempts to keep their employees safe, as well as to focus capital on those activities that generate revenue, not activities that are administrative in nature.
Lease accounting and lease management are two business requirements that are prime candidates for outsourcing, as neither audit and compliance-related activities enhance the revenue numbers.
The growing need for managed services in regards to Lease Management is a proof point – which will help customers focus on P/L, while ensuring that employees are safe and that financials are compliant and audit trail supported.
The following business requirements are part of the benefit of leveraging a managed services provider, to perform all tasks that are necessary to support lease accounting, lease management, and business compliance:
- Business agility – Achieve compliance via automation, leveraging a SaaS managed services solution to provide greater business flexibility and conserve capital
- Lease Accounting and Compliance – Achieve ASC 840, 842, IFRS 16, GASB 87 through a provider, and avoid architecting these complex solutions which are outside of your core expertise.
- Security – It is nearly impossible to stay ahead of the latest Cyber Attack strategies, leveraging a managed services provider can protect your assets and avoid a security breach
- Analytics – leverage your managed services IP, to customize trends from an operational and predictive analytic perspective, to find evergreen bleed-outs and reclaim revenue leakage.
Ken Royce * Leaseology Inc * Board of Directors
ABOUT Leaseology Inc|
Leaseology, Inc is a North America-based business advisory services firm committed to accelerated marketplace adoption of digital technology, financial management innovation, and business operations practice excellence. These core competencies apply to real estate and equipment portfolios.
