Click to access the slides.

Host­ed by: Real Estate SIG with­in Finan­cials Community

The Finan­cial Account­ing Stan­dards Board (FASB) and the Inter­na­tion­al Account­ing Stan­dards Board (IASB) recent­ly announced the release of new account­ing stan­dards that define how orga­ni­za­tions must account for leas­es.  Essen­tial­ly, these account­ing stan­dards stip­u­late most leas­es must be report­ed on each company’s bal­ance sheet, increas­ing the risk of reg­u­la­to­ry non­com­pli­ance and inac­cu­rate statu­to­ry report­ing.  SAP Real Estate Man­age­ment is used to opti­mize the port­fo­lio of glob­al assets and sup­ports the reg­u­la­to­ry com­pli­ance of these new account­ing rules.  This solu­tion pro­vides a sin­gle point of entry for col­lec­tion, val­i­da­tion of lease con­tract data, per­forms val­u­a­tion cal­cu­la­tions and gen­er­ates the finan­cial post­ings derived from these cal­cu­la­tions.  Using Dig­i­tal tech­nol­o­gy and machine learn­ing to dri­ve real estate leas­ing process­es is a huge pro­duc­tiv­i­ty dri­ver.  See how the SAP part­ner LEV­ER­TON uses machine learn­ing to read, tag and abstract leas­es, sig­nif­i­cant­ly reduc­ing the amount of time for lease abstraction.

Speak­ers:

Tom Ander­son, SAP

Abhi­nav Somani, Leverton