Accounting Teams

CoStar, RGP Form Alliance for Lease Accounting Initiatives

1 min read

February 17, 2018

by Kelly Clark on February 17, 2018

CoStar Real Estate Manager is proud to announce it has added RGP to its network authorized lease accounting software implementation partners. We will now work together to make sure accounting teams have all the tools they need.

Meet CoStar’s Strategic Partner, RGP

RGP is trained and ready to implement CoStar’s Enterprise Lease Accounting software as part of a broader compliance solution for ASC 842 and IFRS 16. RGP provides a full suite of services for lease accounting from a preliminary analysis and impact assessment to program and change management.

RGP and CoStar provide clients with a full ASC 842 or IFRS 16 solution, from assessment to data gathering, to process design to implementation, experienced consultants help companies comply with these new accounting standards effectively and efficiently.

“We’re pleased to align our lease accounting solutions with RGP,” said Andy Thomas, president of lease management provider, CoStar Real Estate Manager. “The combination of our Lease Manager product suite with the trusted advisors of RGP offers clients a proven combination for tackling compliance with the new lease accounting standards.”

Thomas added: “We’ve made it easy for smart businesses to go beyond compliance standards and also prevent financial reporting issues, increase internal controls and even receive a return on their lease accounting investment.”

No matter where your organization is in the compliance process, CoStar offers organizational leaders practical, real-world insight on how to create a lease accounting compliance plan.

Who should be part of the core project team and stakeholders to involve
Essential questions to assess lease accounting solutions from software providers
Important testing scenarios for lease accounting software
Where to find organizational leases and critical lease data points to collect
Often overlooked embedded leased assets that are part of larger agreements
And “5 Minute Quick Read” summaries of each step in the process

Topics: Accounting Teams