Configuring Your Environment

Before you can begin utilizing LeaseAccelerator, you must configure your environment with all of your company’s master data. This includes standing up your environment with company specific data including your company’s logo.

Download a PDF version of the Configuration guide.

Creating the Hierarchy

Many functional groups in a company touch a lease during its lifecycle. A collection of configuration data will likely come from across all of these groups.

Functional Groups/Sources of Data

• Corporate Accounting — Plays a critical role in lease accounting software selection, policy strategy, identification, and assessment of controls for the new standards.

• Corporate Real Estate — The definitive source for property lease terms, payments, and future plans. Understands complex sub-lease or sale-leaseback arrangements that exist.

• Procurement — Responsible for negotiating the pricing and business terms for all new leases, extensions, and end-of-term buyouts/purchases.

• Treasury — Typically owns the financial strategy and policies for leasing to ensure the company is making optimal use of its cash.

• IT — Scopes and upgrades existing systems and defines requirements for purchases of new lease accounting software and integrations with company systems.

• Financial Reporting — Impacted by the new accounting standard and are accountable for meeting the SEC deadlines for compliance reporting.

• Corporate Tax — Will need to evaluate the impacts of new accounting standards to sales, property, and income taxes.

Depending upon the types of assets you lease, you may also want to include your Logistics, Fleet, and Operations teams.