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Top 6 Functional Requirements for Day Two Compliance and a Lease Accounting Solution

Published by Nakisa

The white paper “Top 6 Functional Requirements for Day 2 Compliance” outlines the essential capabilities organizations need to maintain ongoing lease accounting compliance under standards like ASC 842 and IFRS 16. It identifies six critical functions: dual GAAP reporting, forecasting, automation of lease modifications, ERP integration, disclosure reporting, and audit-ready data accuracy. These features ensure financial transparency, reduce manual errors, and simplify compliance workflows. The guide emphasizes selecting a lease accounting solution that supports scalability, real-time updates, and cross-functional collaboration, helping organizations meet complex regulatory demands beyond initial adoption and into long-term operational success.

 

 

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