CoStar is the Best Lease Accounting Software for ASC 842 and IFRS 16 Compliance
Why CoStar for Lease Accounting?
No one has CoStar’s leadership and experience in lease accounting.
10+ years of lease accounting functionality managing real estate and equipment.
First to release ASC 842 / IFRS 16 software in Q1 2016 and deploy to customers.
More new implementations in progress or implemented than any other provider.
Evaluating ASC 842 and IFRS 16 Technology Options? Don’t Miss:
10 Key Questions to Assess Lease Accounting Software Solutions
Since the official announcement of the new standards, many vendors have started selling software that is not fully developed or tested. The smart choice is to select a system with a proven track record of helping large organizations comply with existing FASB and IASB standards while preparing to meet requirements of the new guidance for years.
Intuitive software, automated reporting, in-house implementation services and support
Supports all types of real estate, equipment and other leased assets for both ASC 842 and IFRS 16 guidance
Cloud-based, low-cost deployment, unlimited system users, no expensive upgrades
CPA tested, industry-leading solution, track record of FASB and IASB compliance, 99% customer renewal rate
Enterprise security with annual SSAE 18 SOC 1 and SOC 2 audits, data encryption, backed by a stable public company
Effective controls and procedures for financial reporting meet Sarbanes-Oxley requirements
Data Consolidation for Lease Accounting Compliance highlights the benefits of centralized lease data, how to approach a consolidation project and more. Find more lease accounting whitepapers in our resources section.
“With CoStar, you can drive business results and meet the new lease accounting requirements. It’s clearly the best all-around choice.”
Matt Waters, CPA
Former Lease Accounting Manager with the Nation’s Largest Home Improvement Retailer