The 2021 Global Lease Accounting Survey by EY and LeaseAccelerator reveals ongoing challenges and opportunities for improvement in lease accounting and administration. Many organizations face gaps such as lack of ERP integration, absence of a centralized Lease vs. Buy process, poor end-of-term management, and reliance on manual processes, which hinder ROI and cash flow benefits. Public companies seek process enhancements post-adoption, while private companies can learn from their experiences to prepare for compliance. Centralizing processes, increasing automation, outsourcing, and integrating systems are key to achieving long-term compliance, cost savings, and optimized lease management.

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