The 2023 Global Lease Accounting Survey reveals that while many organizations achieved compliance with ASC 842 and IFRS 16, most have not fully leveraged their lease accounting systems for ROI. Key challenges include decentralized data, manual processes, and lack of integration, which hinder cost optimization and decision-making. Top opportunities lie in centralizing lease vs. buy analysis, automating workflows, enhancing reporting, and aligning lease management with sustainability goals. Companies that optimize beyond compliance can reduce costs, improve accuracy, and gain strategic insights from their leasing portfolios .

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