1、1New data and insights to help you take control of your lease portfolio.REPORT2022 Lease Market Analysis:LeaseAccountingReadiness2022 Lease Market Analysis:Lease Accounting Readiness2Table of ContentsExecutive Summary 3Common Challenges Impacting the Private and Government Markets 4Private companies
2、 4 Government entities 5 Whats causing companies to delay their transition to the new lease accounting standards?6 How much time is spent preparing for lease accounting success?7 The Benefits of Strong Lease Controls and Accounting 8 Using lease data to gain greater visibility into expenses 8 How to
3、 Leverage Your Leases to Make Smarter,Faster Decisions 10Conclusion 132022 Lease Market Analysis:Lease Accounting Readiness3PrivateGovernmentAside from people expenses(a.k.a.all headcount-related costs),do you know what the next highest expense line item in your organizations budget is?For many,the
4、answer to this question is the cost and value of your leases.When you consider commercial real estate,vehicles,equipment,land and more,this reality isnt surprising.What is shocking,however,is that although most organizations have robust financial controls in place to monitor people-related expenses(
5、salaries,benefits,T&E,etc.),the same cant always be said for their lease portfolio-related expenses.For 25+years,weve been in the business of helping organizations manage,track and report on their leases,and weve seen firsthand just how detrimental inadequate controls can be.Despite industry or size
6、,the outcome is always the same:poor visibility across your leases results in significant amounts of time,money and potential business gains lost.To grasp just how much is at stake here,consider that a lease can cost businesses hundreds of millions of dollars,which begs the question:why wouldnt you