LEVERTON, a leading Artificial Intelligence company and LeaseSolution, a market leading lease accounting solution, have signed a partnership agreement. The partnership means that the two companies will provide a comprehensive solution for the new IFRS 16 /ASC 842 accounting standards.
LEVERTON automatically extracts the required data from clients’ lease files and structures it to make sure data records are always kept up to date. The LeaseSolution LS2 platform helps clients to manage their entire lease portfolio, regardless of asset type, in a customized and lean way. The parties are convinced that the partnership is very powerful and a sought-after solution.
Richard Belgrave, Managing Director LEVERTON, says:
Great technology will be a key component to be able to make the transition into the new accounting standards. We’re very excited about the partnership with LeaseSolution as our combined solution makes it possible for our clients to significantly speed up this transition.
Vince Baczor, Founder and Director LeaseSolution, adds:
Together with LEVERTON, we’re bringing both the required data and easy management of lease files together in one package. This will be a crucial asset for companies to be able to manage the transition into the new IFRS 16/US GAAP accounting standards on time.
LeaseSolution is a progression from a lease portfolio management business started in 1992. Having designed and produced a first-generation system for the old business, the same founder established LeaseSolution 20 years later, primarily to develop LS2. Our software offers unique flexibility and a very powerful tool to help you to control every aspect of your leasing, and other contract management requirements, in-house. The system addresses lease management and lease accounting for IAS17, IFRS16 and USGAAP.
Contact us at: www.leasesolution.net
LEVERTON develops and applies disruptive deep learning technologies to extract, structure and manage data from corporate documents in more than 20 languages.
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Contact us at www.leverton.ai