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RESTON, Va., April 12, 2018 /PRNewswire/ -- LeaseAccelerator, the pioneer of the traffic lease Accounting software class, introduced these days that ten new Oracle-centric agencies bear chosen its SaaS software to comply with the new ASC 842 and IFRS 16 necessities. currently used by Arconic, Alcoa, ATI, Cummins, Herbalife and Salesforce.com, LeaseAccelerator helps precise property, device and embedded leases in a single, world subledger. The subledger can live straight away, readily and securely integrated to 1 or many types of Oracle's ERP platforms, together with Oracle E-company Suite, PeopleSoft, JD Edwards and their new Fusion applications.
LeaseAccelerator's traffic rent Accounting respond for Oracle makes it possible for companies to unexpectedly comply with the brand new ASC 842 and IFRS sixteen requisites. the usage of LeaseAccelerator's common APIs, speedy-track playbooks and plug-and-play adapters, information will besides live seamlessly exchanged with Oracle's chummy ledger, accounts payable, fixed asset and grasp statistics administration purposes.
at the nascence launched in 2009 to aid ASC 840 and IAS 17, LeaseAccelerator's commercial enterprise hire Accounting utility has been used by using Oracle valued clientele for essentially a decade to track capital and working leases under the current requirements. due to this fact, LeaseAccelerator's asset-stage hire accounting capabilities had been combat-confirmed through the month-to-month record-to-record cycles of many Fortune 500 corporations, withstanding the scrutiny of many major and SOX audits.
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LeaseAccelerator is a certified Oracle Gold stage associate and member of the Oracle associate network. The traffic rent Accounting software is developed upon Oracle technologies together with Java and Oracle Database. LeaseAccelerator is a member of the Oracle purposes consumer neighborhood (OAUG) and should live offering on the COLLABORATE 18 conference in Las Vegas later this month.
About LeaseAcceleratorLeaseAccelerator presents the market-main application-as-a-provider (SaaS) solution for traffic rent Accounting, enabling compliance with the current and new FASB and IFRS requirements. using LeaseAccelerator's proprietary international hire Accounting Engine, consumers can exercise the brand new standards to All types of leases, including true estate, fleet, IT and other gadget at an asset stage as discrete through FASB and IASB. On commonplace, LeaseAccelerator's Sourcing and management applications generate rate reductions of 17 p.c with smarter procurement and end-of-time age management, providing each compliance and ROI. live taught greater at http://www.leaseaccelerator.com/.
View customary content with multimedia:http://www.prnewswire.com/news-releases/leaseaccelerator-chosen-by-ten-new-oracle-centric-businesses-for-asc-842-compliance-300628660.html
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