Is an Internal or External Lease Management Center of Excellence (CoE) Right for You as a Large Lessee?
Pros, Cons, and Roadmap to Success
You will
learn about:
- How to identify the processes within lease management that are ready for change.
- How to determine the skill sets required in the Lease Management CoE.
- How software and integration capabilities can facilitate centralization while maintaining control.
- How the CoE utilizes data and technology to interact with accounting stakeholders.
- How to leverage the CoE and technology to help Treasury and Procurement control spend at lease inception, and asset owners at end of term.
Since the implementation of ASC 842 and IFRS 16, numerous publications and webinars have advocated for outsourcing lease management, including data abstraction, managed services for accounting, and other lease lifecycle functions.
However, for companies exploring the risks and opportunities of building an internal center of excellence (CoE) or centralizing certain functions, there is limited guidance on the many considerations involved.
Given the varied processes involving multiple stakeholders across different divisions and geographies, each with specific skill sets, this can be particularly challenging.
This webinar will explore those considerations unique to lessees, with a particular focus on people and technology, using data and accounting to drive change. This extends to lease accountants and the financial close, which is where this webinar will be centered.
For CPE
1 CPE CREDIT
Field of Study: Accounting & Auditing, Financial Reporting
Prerequisites: None
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
About Presenter:
Bruce Conway, CPA
Bruce Conway is a Chartered Professional Accountant (CPA) with over 23 years of experience in managing lease portfolios for numerous Fortune 1000 companies. He has played a pivotal role in developing cutting-edge Software as a Service (SaaS) used by lessees worldwide and has utilized this software to serve clients from lease origination to termination.
Bruce has been a subject matter expert heavily involved in financial software implementations for many Fortune 1000 companies seeking compliance with ASC 842 and IFRS 16 lease accounting requirements.
Most recently, he held the role of Global Leasing Manager for one of the world’s largest and most complex equipment and real estate lease portfolios. Before his tenure in Equipment Leasing and Leasing Software, Bruce held various controllership roles and enjoyed a successful career with both KPMG and Price Waterhouse (PwC).
AREAS OF EXPERTISE:
- Accounting compliance
- Financial transformation
- Financial reporting
- FP&A and consolidation
About Nakisa
Nakisa is a cloud-native enterprise application provider that empowers Lease Accounting, Real Estate, and HR teams. We are proud to serve more than 1,100 enterprise clients and 6.6 million users across 135 countries.
Companies such as Walmart, Pfizer, Puma, Nestlé, ExxonMobil, and Airbus rely on us every day. Our solutions enable teams to accomplish their core tasks more efficiently by providing insights, workflows, and automation, allowing them to focus on more value-added activities.
Nakisa delivers business-critical solutions by using microservices and technologies such as Kubernetes, Kafka, CI/CD framework, and many other state-of-art tech stacks. We are excited about utilizing consumer-grade technologies for enterprises to offer unparalleled flexibility, scalability, and speed of innovation.
Nakisa Lease Administration Software:
A solution for lessees and lessors that provides full control over growing portfolios of leased assets and ensures compliance with IFRS 16, ASC 842, GASB 87, and AASB 16.
Nakisa Real Estate Software:
A solution for corporate real estate teams that facilitates day-to-day operations and RE portfolio optimization, as well as accounting compliance.
Nakisa HR Suite Software:
A solution for HR professionals that allows them to manage organizational design, analytics, and predict the impact of future events on human capital.
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