How to Prepare Now for the Coming Lease Accounting Changes
Companies Will Need 12-24 Months to Create and Implement Processes and Systems To Comply with the New Standard
Companies Can Capture Significant Savings as an Added Benefit of the Comprehensive Process
Free Whitepaper: Download Here
In This Issue
Ready for the IFRS Lease Accounting Changes? Fear Not - New Whitepaper Can Help You Prepare
Michael Keeler
It feels like 1998 and 2002 all over again - when the finance community last faced the threat of imminent deadlines, related to Year 2000 implementation and Sarbanes-Oxley compliance, respectively. The ambiguity, pressure, impedance, and anxiety that we experienced then have all come roaring back. This time, it’s the deadline for complying with the new IFRS lease accounting standard changes that looms ahead of us.
Last week we published a new whitepaper on the coming lease accounting changes for equipment lessees. You can download it for free here. The official title is “How to Prepare Now for the Coming Lease Accounting Changes. Companies Will Need 12-24 Months to Create and Implement Processes and Systems To Comply with the New Standard. Companies Can Capture Significant Savings as an Added Benefit of the Comprehensive Compliance Process.”
In the Spotlight: Interview with Doug Slais, VP Client Services for Ecologic Lessee Services
Doug Slais
Doug Slais joined Ecologic Lessee Services in October 2010 as Vice President, Client Services. With over 20 years of customer-facing leasing experience, Slais was well prepared to manage and grow Ecologic’s Client Services team, which administers international lessee programs.
Prior to joining Ecologic, Slais held various sales, sales management and marketing roles at National Semiconductor, AT&T Capital, The CIT Group, and Somerset Capital Group.
What, specifically, does your team do?
In a nutshell, we are responsible for saving money for our lessee clients. On a transaction-by-transaction basis, we support our clients’ equipment leasing processes globally, including:
- Lease vs. Buy modeling and consulting
- Request for Proposal development
- Recruiting, engaging, supporting lessors
- Helping clients analyze bids using our Proposal Analysis and Ranking tools
- Transaction structuring and documentation management
