A Healthy Dose of Lease Accounting

With a client relationship defined by co-creation, collaboration and expert knowledge of our client’s business, RGP brought together the right people to meet the challenge. Based on a deep understanding of our client’s business environment and unique culture, our team effectively tackled complex compliance challenges through a global LeaseAccelerator software implementation and project management support.

What We Did

• Aligned project goals around business objectives and the needs of people impacted by implementation of the new standard.
• Partnered with LeaseAccelerator to offer global project governance, project management and software implementation support, data abstraction and validation, future state processes and audit preparation.
• Successfully completed system implementation, process flow and design, data collection, validation and migration activities, and integration with key financial systems such as SAP, CoStar, PeopleSoft and BlackLine.
• Mobilized globally to provide post-implementation and ongoing project management and change management support, as well as end-user training.

Impact

• Building on our relationship and knowledge of our client’s implementation challenges, we expanded our lease accounting reconciliation support and other financial reporting execution with 11 additional consultants.
• Transferred lease software and technical accounting expertise to help our client continue generating benefits from the project.
• Successfully completed more than 750 million journal entries in LeaseAccelerator, covering all our client’s leases for the entire life of the lease.