Grant Thornton announced the launch of web-based application LeaseCom Analytics (LCA), designed to help companies adjust to the Financial Accounting Standards Board’s new lease accounting standard.
LCA combines advanced analytics and machine learning to automate the process of maintaining a complete, accurate picture of a company’s lease portfolio. Its designed to aid globally dispersed teams that need to go beyond establishing compliance visibility and create a sustainable, automated process.
Grant Thornton developed LCA specifically to help clients as they move beyond the initial Accounting Standards Codification 842 compliance deadline. The solution complements Grant Thornton’s LeaseX offering, an ASC 842 readiness assessment tool that integrates with market-wide lease software.