Lease accounting compliance isn’t just a box that you can check off your to-do list. It’s an ongoing effort that if done right, can help you make better decisions and save money. But, you can’t get there without the right information – and since Visual Lease is built on 35 years of experience managing lease financials, we’ve created The VL Data Institute to share our insights with you.

The Road to Readiness for ASC 842

In this report, we share findings from our 2021 survey of more than 500 senior finance and accounting professionals about ASC 842 readiness. The results cover:

    • A look at the current landscape (75% of surveyed companies are not yet compliant)
    • The biggest challenges associated with adopting (41% of respondents reported that they still haven’t gathered all the necessary lease data)
    • The top reasons for investing in better processes, people and tech (tracking and managing modifications, execution of new policies, and more!)

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