Many companies are still using manual solutions or disconnected point solutions to manage their leases and comply with key regulations, including ASC 842 and IFRS 16. Others have solutions integrated with their ERP, like SAP Contract and Lease Management (CLM). These companies are getting all of the advantages of active lease management integrated to their accounting to help them improve cash flow and EBITDA impact.
SAP CLM is a fully integrated, secure and scalable solution for both Lessee and Lessor and Movable and Real Estate Leases that can help provide the visibility you need into Finance/Operating Leases, impairments, evergreens, and other lease scenarios. At the same time, since it is fully integrated to your core Accounting, you can save time and money by reducing resources needed to reconcile payments and balance sheet entries, update API’s and other integration or securing transactions because it is all done automatically.