Contract Intelligence for Leases Service Sheet
Technology-enabled collection, analysis and reporting for enterprise leases
New accounting rules1 will come into effect in 2019 that require corporations to include all lease commitments, including operating leases, as part of their reported debt and assets. To achieve compliance, companies must have the ability to find, analyze and report on their entire enterprise lease universe – including leases ‘hidden’ in email attachments and other non-traditional locations.
The average Fortune 1000 company actively manages thousands of leases at any one time. These complex documents affect a corporation’s every department and geography and are increasingly digital, global and diverse. Yet many corporations lack an organized, centralized and automated method to collect and analyze their lease universe. Due to the critical importance of complying with new accounting standards requiring the inclusion of leases on corporate balance sheets, a growing number of organizations are engaging FTI Consulting's Contract Intelligence for Leases team to quickly understand and act upon their lease universe.