ASC 842 requires organizations to recognize leases longer than 12 months as right-of-use assets, and account for them as liabilities on their balance sheets. To do this can be overwhelming and challenging, but Visual Lease's software will save you time, risk, and frustration as you seek to meet these standards.
Centralize Your Lease Data
Leases are incredibly complex documents, containing many variable data points. Avoid additional challenges involved in surfacing lease data that may be scattered between departments and in a mix of formats. Visual Lease brings it all together into one highly configurable platform so that it is easily accessible, searchable, and actionable.
Suggested Reading & Resources
Lease Software for Compliance and Ongoing Success
Keeping up with regulatory changes can be a drain on an organization’s resources. Visual Lease is designed to achieve ASC 842 compliance while also offering the tools and features to empower you to manage your business more efficiently, saving you time and money where it matters.