Many retail technology companies haven't really begun to address that changes that will be necessary to fully comply with the new FASB/IASB lease accounting regulations. While some organizations are making light of what will be necessary to comply and minimizing implications, changes to technology to account for the new rules requires a deep and thorough analysis of critical components of lease accounting software to mitigate any possible negative effects of the transparency in financial reporting that the new FASB/IASB regulations were developed to address.
Blitzn began updating its technology platform as soon as the regulations were published and is the only retail technology company prepared to address the changes in how your property, equipment and fleet leases get accounted for on the balance sheet.
Using a simple drag-and-drop system and/or API that talks to your database, our platform solution can pull in your lease accounting data and automatically update the values to adhere to the new rules. Blitzn's lease accounting software allows you to:
- Become FASB-compliant quickly and easily
- Increase your audit efficiency & accuracy
- Eliminate human error
- Have real-time visibility in your lease accounting
In addition, Blitzn's lease accounting software is the only one of its kind that can accommodate international currency so you can easily account for your international retail assets.