This report outlines how automating the lease accounting monthly close can save time, cost, and risk while ensuring compliance with ASC 842 and IFRS 16. Manual processes are slowed by fragmented communication, inconsistent judgments, and error-prone spreadsheets, leading to audit challenges. Automation streamlines event capture, calculations, postings, and ledger management with role-based controls, audit trails, and ERP integration. A lease subledger maintains granular, time-based perspectives and generates accurate reports for auditors. By replacing manual work with lease lifecycle automation, organizations can optimize compliance, reduce resource strain, and turn lease management into a strategic advantage.

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