Lease accounting and management with LeasePoint | Deloitte US | Consulting Innovation
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Lease accounting and management made easier with LeasePointTM

Software as a solution offering

Deloitte’s LeasePoint™, powered by IBM TRIRIGA©, is designed as a modern and efficient lease accounting and management SaaS tool to be implemented faster and at a lower cost than many traditional alternatives.

Attending the RECon real estate convention in Las Vegas, May 22-25?

While there, consider, are you negotiating real estate contracts with a changing retail landscape in mind? Visit with our real estate leaders onsite to discuss topics such as:

 

  • Impact of new FASB lease standard, ASC 842, on lease deal terms you are negotiating while at RECon
  • Portfolio optimization considerations
  • Enterprise growth strategy
  • Operating model agility

We’ll be in meeting room #205 at the LVCC, Central Hall (corner of 19/20th & K). Hope to see you there. Contact Susan Spiers for more information.

New standards may require companies to:

 

  • Recognize and add most leases to the balance sheet
  • Collect and reclassify certain leases
  • Report lease holdings quarterly
  • Aggregate data across multiple technology platforms
  • Abstract paper lease documents to digital versions
  • Recalculate KPIs such as EBITDA, return on assets, and debt to equity
  • Renegotiate debt covenants with lenders due to changed debt ratios

Far-reaching lease accounting and financial impact

For many companies, FASB ASC 842, Leases, could have far-reaching impacts on their balance sheet and income statements. Both lessees and lessors are likely to face significant, additional reporting and management burdens.

Possible impacts of ASC 842 could include:

  • Multinationals having to keep two different financial books
  • Lease administration operational and financial process changes
  • Credit ratings being affected
  • Changes to EBIDTA, debt covenants, and other KPIs such as debt to equity
  • Negative impact on ability to borrow money

Consider the following steps to start preparing today:

  • Gather an inventory of leases
  • Understand the new standards
  • Assess your current technology
  • Evaluate other implications
  • Develop an implementation timeline

Download a copy of Deloitte’s 10 key steps to prepare for the new lease accounting standards.

Get started now

Deloitte’s LeasePoint, powered by IBM TRIRIGA©, can provide a new view of lease accounting and lease management for your organization. Learn more about how Deloitte can help you meet compliance needs and improve lease portfolio performance.

Lease accounting meets best in class real estate management engine

LeasePoint is designed to combine lease accounting functionality with IBM’s best in class real estate management engine to provide the kind of confidence in reporting that only trusted brands like Deloitte and IBM can provide.

As a Deloitte Software as a Service offering, LeasePoint blends best-in-class software with a scalable, cloud-based platform that can be implemented rapidly and includes all licenses, support and upgrades in one subscription fee.

LeasePoint will help your company comply with the new standards while providing the full suite of functionality for end to end lease portfolio management.

A new view of lease accounting and management

Confident compliance: LeasePoint is focused on FASB ASC 840 and ASC 842 compliance reporting and will provide the data to facilitate comparative reporting requirements

Intuitive user experience: Easy to use dashboards can be leveraged to reduce the cost of lease portfolio management through increased staff productivity and automated report generation

Better business intelligence: LeasePoint is designed to help increase lease portfolio ROI using functionality that assists lease negotiations and strategic portfolio management

Cost effective: LeasePoint is designed as a SaaS offering that can reduce IT costs and avoid costly maintenance by including support and upgrades in one annual subscription fee

Deloitte has no obligation to develop or release any future functions mentioned herein and you should not unduly rely on forward-looking statements in making purchasing decisions.

Get the conversation started today

Additional resources

  • For more information on the new lease accounting standards, please visit this webpage on operationalizing the new standards.
  • Our Accounting & Reporting Transformation professionals can help your organization navigate the operational issues associated with implementing the standard, including end-to-end assistance ranging from assessment to implementation and operationalization.
  • Deloitte’s Real Estate & Facilities Management Transformation practice helps organizations across industries address some of their most complex and challenging real estate issues. We assist companies in building the business case for real estate decisions, devise and execute implementation road maps, and measure effectiveness against internal expectations and industry benchmarks along the way.

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Jean Chick

Principal | Real Estate & Location Strategy