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Utilize software developed specifically to manage your real estate and equipment leases
ASC 842 is here. The new standard requires businesses to reflect lease commitments in their company financials by recording them on the balance sheet. This applies to land, buildings, assets and equipment where the lease is over a year in length. To adopt the standard, fully comprehend its impact across an organization and provide full visibility to stakeholders, a specialist system will be required. At MRI Software, our comprehensive solution suite has consistently evolved to help clients meet the rigorous demands of core accounting and financial reporting regulations – and our current product range has been developed specifically for the introduction of the new ASC 842 standards.
An ASC 842 solution that works for you and will flex with your requirements
Works across range of sectors
Our innovative ASC 842 software is being utilized by the leading corporate occupiers in retail, aviation, telecoms, logistics and a variety of other sectors
In partnership with our team of experts
Our software is designed in partnership with our team of CPA’s and leasing experts to ensure you consistently meet the latest ASC 842 guidelines.
Offers complete flexibility
Our platform can be utilized as a standalone ASC 842 calculation tool or be delivered as part of an integrated lease management, property management and accounting system.
The functionality you need to stay compliant
Making ASC 842 seem easy
Building success and empowering collaboration with purpose-built ASC 842 software
One of the most critical measures of success in the adoption of ASC 842 will be how closely the finance and real estate departments work together – along with members of HR, legal and procurement teams. Collaboration will be a cornerstone of effective implementation, and where teams seek to act in isolation, they risk missing crucial nuances that may have a major impact – particularly if they’re trying to handle calculations across separate platforms. By harnessing the power of a comprehensive and flexible lease accounting solution, you can bridge the gaps and ensure data is captured, at source, with no need for double entry. It also provides the tools for your organization to work as one, and allows for effective, clear and accurate information to be communicated to the business, its stakeholders and its investors.
How we can help
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Key Facts
Over 400 lease accounting software implementations
Used in 100+ countries
Trusted by more than 1000 property occupiers