Post written by Tyler Traudt, Co-Founder and CEO of DebtBook. Published by Forbes on November 17, 2021.
It's no secret that technology-driven change has been affecting practically every industry to some degree. For finance teams continually being asked to do more with less, it’s becoming increasingly necessary to find better tools that are tailored to address their specific challenges.
And now with the Governmental Accounting Standards Board (GASB) and Financial Accounting Standards Board (FASB) pushing out new standards, finance teams must also navigate the complexities and requirements of that guidance. The good news is that technology can enable organizations to operate more efficiently, collaborate more effectively and make more informed decisions, as well as become and stay compliant with new lease accounting standards. The caveat? The success of your technology initiative can come down to choosing the right solution for your organization and your specific use cases.