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– Accord provides added accurateness over analytical charter terms
– Helps abate cost, accident and time to abridge the acquiescence experience
LONDON, July 16, 2020 /PRNewswire/ — EY today announces a cardinal accord with LeaseAccelerator and Ernst & Young LLP (EY US) to accommodate a transformational charter accounting and arrangement administration annual alms for organizations of all sizes. The accord will additionally be activated in Germany with added all-around amplification over time. Combining EY teams’ acquaintance and all-around brand with LeaseAccelerator’s industry-leading charter accounting and lifecycle administration software, the accord provides organizations with a managed annual able of bushing needs globally.
EY – Building a bigger alive world
Organizations are alpha to move accomplished the basal acquiescence needs for their IFRS 16 Leases, the afresh adapted charter accounting accepted from the International Accounting Standards Board (IASB), which changes how to annual for leases in banking disclosures. Due to this transition, accomplished and committed charter accounting and arrangement administration casework can advice abridge the administration of all-around charter portfolios and accommodate customer-defined outcomes.
Financial admiral in a array of organizations should accede transitioning from manual, burst and big-ticket workstreams to a awful automatic and adjustable charter accounting process. This upgraded access provides accurateness and accommodation of charter data, constant appliance of behavior and accurateness of analytical charter terms. Accurateness is key to unlocking the hidden abeyant in organizations’ busy assets – abbreviation costs, attention cash, breeding new chargeless banknote breeze and accretion the adaptability of acknowledged obligations. Charter portfolio ascendancy and adaptability accept never been added capital as businesses face new challenges and bread-and-butter alternation due to COVID-19 disruption and in the aftermath.
Stefan Pfeiffer, Partner, Banking Accounting Advisory Services, Ernst & Young GmbH, says:
“Organizations appeal avant-garde software and bigger processes to admeasure time, assets and aptitude efficiently. Alive carefully with LeaseAccelerator, EY teams can now abetment audience on that charge to accommodate a broad, managed annual offering. Businesses of all sizes can advantage abysmal acquaintance in charter accounting and arrangement administration deployed on a SaaS belvedere advised to calibration to their needs. EY teams can serve audience with accurateness and adaptability to advice them administer their charter portfolio and reframe their approaching in the new business absoluteness during the COVID-19 communicable and beyond.”
Michael Keeler, Chief Executive Officer, LeaseAccelerator, says:
“In abounding organizations, leasing is a decentralized, cross-functional, chiral and burst action defective accountability, controls and experience. LeaseAccelerator has teamed up with EY professionals to abode this botheration by alms a new managed casework advantage – an befalling for banking leaders to refocus on their amount mission by outsourcing the leasing lifecycle to a proven, trusted and absolutely all-around organization, while liberating professionals to alteration to new, mission-impacting challenges. The EY chip managed casework alms is a healthy, abiding and affordable way advanced area anybody wins.”
For added information, appointment ey.com/alliances.
Joanna HardyEY All-around Media Relations 1 212-773-4473 [email protected]
Michael [email protected]
View aboriginal agreeable to download multimedia:http://www.prnewswire.com/news-releases/ey-and-leaseaccelerator-form-strategic-alliance-in-lease-accounting-and-contract-management-301094355.html
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