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AMTdirect Blog

AMTdirect Blog

Haley Martin

Haley is the VP of Marketing at AMTdirect. She is focused on bringing relevant information about lease accounting and administration to accountants and corporate real estate professionals.

Recent Posts

Companies Could Face Valuation Hits in Response to FASB ASC 842 Compliance

Posted on 1/20/20 7:00 AM by Haley Martin in FASB, in Lease Accounting, in Compliance

“What do you do when it rains?"

The captain answered frankly. "I get wet.”

                                                              ― Joseph Heller, Catch-22

The forecast is in: Private companies may see their valuations decline as a result of FASB ASC 842 compliance...or lack thereof.

Not exactly what you want to hear at the beginning of a new year.

Nor is it what you expect to happen when you’re conducting business as usual, simply following the rules--as in the new lease accounting standards--and doing your best to be in compliance by the new 2021 deadline.

The good news is that you’re not alone. When it comes to FASB ASC 842 compliance, all private companies face the same catch-22: 

Implement the new lease accounting changes to avoid non-compliance and penalties. And consequently face the negative impact reporting under the new standards could have on your company’s valuation.

It doesn’t seem fair.

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The Bright Side of Adopting the New Lease Accounting Standards

Posted on 1/13/20 7:00 AM by Haley Martin in FASB, in Lease Accounting, in Compliance

Compliance under FASB ASC 842 is not all gloom and doom.

Although, if you’re in the throes of implementing the new lease accounting standards, it can feel like a perpetual dark cloud hanging over you with no hope of ever seeing sunny skies again.

While it’s true that preparing for compliance--the monumental tasks of gathering leases, analyzing them, creating policies, evaluating lease accounting software providers, training staff, abstracting and migrating data and then testing—is challenging, the new lease accounting changes present a golden opportunity for strategically optimizing your finance and lease accounting practices.

And that’s best accomplished through the tool of automation.

Why now?

Despite the deferred deadline, compliance is not a choice. Any business with even one lease over 12 months in duration must report under the new requirements. So, if you’ve ever considered an automated solution for either lease management or lease accounting, there’s no better time to dive in.

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VSCPA Conference 2019: A Can't-Miss Event

Posted on 10/9/19 7:00 AM by Haley Martin in Events

Calling all CPAs!

In a little over a month, hundreds of professional accountants from a variety of industries will gather for the 2019 Virginia Society of CPAs (VSCPA) Technology & Innovation Showcase.

This brand new VSCPA Conference will take place at the Marriott in Richmond, Va., from November 11-12.  

The event is the brainchild of the Center for Innovation, a resource that encourages VSCPA members to think outside the box. It offers innovative education to help accountants find solutions for problems in technology and talent.

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AMTdirect Names New Chief Executive Officer

Posted on 9/16/19 7:00 AM by Haley Martin in Press Releases

 

SaaS Veteran Joins Leadership Team of Industry-Leading Lease Management Technology Company 

AMTdirect, an industry leader in lease management solutions, today announced that it is continuing to strengthen its executive team with the appointment of Jeff Ralyea, a veteran technology leader, as its new Chief Executive Officer. Scott Schubert, former CEO, and Dan Schubert, former President, will remain on the board of directors leveraging their wealth of industry experience to help guide the company’s long-term strategy.

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AMTdirect Adds Seasoned Leader as Chief Technology Officer

Posted on 9/9/19 7:00 AM by Haley Martin in Press Releases

Former AvidXchange SVP to Drive Leading Lease Management Platform Forward

AMTdirect, a leading technology and software company for lease administration and lease accounting, announced the expansion of its executive team with the appointment of Patrick Milburn as the company’s new Chief Technology Officer (CTO). The move comes as a result of the company’s accelerated growth due to the release of new lease accounting standards by FASB, IASB, and GASB and the demand for more advanced lease management solutions.

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IFMA Conference 2019: Five Reasons You Can't Miss It

Posted on 8/19/19 9:00 AM by Haley Martin in Facility Management

The IFMA 2019 conference is a must if you have anything to do with facilities management.

Hosted by the International Facility Management Association (IFMA), the World Workplace 2019 Conference & Expo is the #1 place to learn about trends, technology and opportunities in facilities management.

Professionals from across the world will gather from October 16 - 18 in sunny Phoenix, AZ. They’ll hear from experts, mingle with peers, and gather information to inform decisions for their businesses.

If you’re still debating whether or not to attend, we’ve got 5 compelling reasons that will convince you to add this event to your calendar.

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