Visual Lease, a provider of lease optimization software, announced GASB 87 Complete, a full end-to-end lease accounting solution for state and local governments and other public sector entities. GASB 87 Complete provides entities with Visual Lease’s industry-leading lease accounting and management software combined with all-inclusive, multitiered customer training and support. With GASB 87 Complete, entities can utilize a robust, fully implemented system in 50 business days or less, without any hidden fees, the company said.
“For government and public entities, there is simply no time to waste regarding GASB 87,” said Joe Fitzgerald, senior vice president of market strategy at Visual Lease. “How they manage their lease data and their capacity to produce accurate journal entries will directly impact their ability to meet the standard. Our software and team of experts will get them on a proven path to achieve and maintain compliance — quickly.”
GASB 87 Complete package users will benefit from: lease administration capabilities to easily manage critical dates, monitor obligations and track data across their entire lease portfolio; full lease accounting functionality to automatically generate audit-ready journal entries, disclosures and reports; Unlimited cross-functional users, all of whom can fully interact with lease data in one centralized system, fueling their ability to reinforce internal processes and create efficiencies and support from experienced, dedicated implementation and account managers and ongoing customer support representatives to maximize the value and use of the platform.
“Our solution is informed by more than 35 years of experience managing lease financials,” said founder and CEO Marc Betesh. “We’ve facilitated hundreds of successful implementations. Our in-house team of experts deeply understand — and even helped structure — the new lease accounting standards. We know what it takes to achieve and maintain compliance, and we’re a trusted partner to countless organizations. Our GASB 87 Complete package is a unique solution that incorporates everything needed by public sector entities.”
