The long-anticipated effective date for updates to lease accounting standards (January 1, 2019 for companies applying IFRS 16 and public companies applying ASC 842) has come and gone. Still, many companies with large volumes of leases are scrambling for solutions to help them identify and analyze lease data quickly and accurately. To address the lease analysis requirements under the new standards, organizations with sizeable lease volumes will likely need to rely on a combination of expertise and software.

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