LeaseQuerys Technology Brief Highlights Critical Role of Software in Facilitating Compliance and Reducing Spending
Summary
"As more companies have adopted the new standards into their operational processes, its not surprising that we saw a less notable change in lease liabilities this year," says Justin Smith, CFO of LeaseQuery. According to LeaseQuerys recent post-ASC 842 survey, approximately one-third of companies used a lease accounting software for their first, post-transition audit, and many of the respondents expressed how advantageous a software solution was during their transition to the new accounting standard. LeaseQuerys most recent brief emphasizes the critical role of a comprehensive SaaS spend management strategy as the ultimate key to unlocking efficiency, regulatory compliance, and reduced spending in the ever-evolving technology sector. More than 34,000 professionals rely on LeaseQuery to make better business and financial decisions for two of their largest areas of spend – leases and software subscriptions – something no other provider offers in the market. Our AI-powered software helps businesses minimize risk, increase efficiency and reduce costs.
Classifications
AskAI Classifications
LabelsLinked Companies
