LEVERTON adds another strong partner to its UK ecosystem, consulting firm Theta Financial Reporting. Together, the two parties will establish a common market approach, in particular with regards to both the new IFRS 16 and US GAAP’s ASC 842 lease reporting standards.
LEVERTON provides an intelligent data extraction platform based on deep learning technology. It enables data from corporate documents to be extracted automatically and thereafter syncs the identified key data with systems such as SAP. Theta Financial Reporting, an industry expert with respect to IFRS 16 and ASC 842 and its implementation, provides consulting services for financial reporting. Together, the two parties will serve customers an end to end solution for regulatory accounting changes.
Chris Biggs, Managing Director of Theta Financial Reporting, says:
Together with LEVERTON, we have a unique opportunity to present clients a one stop, expert solution for managing the IFRS 16 and ASC 842 transition. We are very much looking forward to the collaboration.
Managing Director LEVERTON UK, Richard Belgrave, agrees:
This partnership will enable us to even further support our clients in their transition to the new accounting standards. We are confident it will be highly valuable and fruitful for many of our external stakeholders.
About Theta Financial Reporting
At Theta Financial Reporting, technical, practical and commercial knowledge come together to give you the expert support you need in resolving your financial reporting challenges: current or new IFRS, US GAAP, UK GAAP, Asset Finance & Lease accounting or accounting for impairments, structuring transactions or product development - we can help you through all stages.
We have deep experience in the new IFRS 16 and ASC 842 Leases rules. With over twenty years of experience both in the financial and non financial sectors and from working in practice, industry and banks, we have a wider view of the challenges you face, rather than just from the role of advisors and can add real value to you.
LEVERTON develops and applies disruptive deep learning technologies to extract, structure and manage data from corporate documents in more than 20 languages. Our platform empowers corporations and investors to be more efficient and effective with their data & document management. It facilitates quick and data-driven decision-making by creating actionable, valuable insights out of unstructured data. More than 100 global industry leaders trust LEVERTON to build their CORE. The intelligent platform runs on LEVERTON servers in ISO 27001 and ISO 9001 certified data centers that guarantee highest security.