LEVERTON, a leading Artificial Intelligence company and LeaseSolution with their market leading lease accounting solution, LS2, have signed a partnership agreement. The partnership means that the two companies will provide a comprehensive solution for the new IFRS 16 /ASC 842 accounting standards.
LEVERTON automatically extracts the required data from clients’™ lease files and structures it to make sure data records are always kept up to date. The LeaseSolution LS2 platform helps clients to manage their entire lease portfolio, regardless of asset type, in a customized and lean way. The parties are convinced that the partnership is very powerful and a sought-after solution.
Richard Belgrave, Managing Director LEVERTON, says:
Great technology will be a key component to be able to make the transition into the new accounting standards. We’™re very excited about the partnership with LeaseSolution as our combined solution makes it possible for our clients to significantly speed up this transition.
Full press release: