AMTdirect is excited to announce that Polaris Industries has decided to join the AMTdirect community. The AMTdirect solution will help Polaris manage all of its leased assets and be prepared for new lease accounting requirements that go into place next year.
Polaris is one of the world's largest Powersports companies. For outdoor enthusiasts, the Polaris name means adventure and passion. The company was instrumental in launching the snowmobile industry and it continuously reinvents the ATV market. With annual 2017 sales of $5.4 billion, Polaris’ innovative, high-quality product line-up includes the RANGER®, RZR®, and Polaris GENERAL™ side-by-side off-road vehicles; the Sportsman® and Polaris ACE® all-terrain off-road vehicles; Indian Motorcycle® midsize and heavyweight motorcycles; Slingshot® moto-roadsters; and Polaris RMK®, INDY®, Switchback® and RUSH® snowmobiles.
The mandate to comply with the new lease accounting standards (FASB ASC 842 and IASB IFRS 16) has placed an urgent burden on companies like Polaris to rethink the way they manage leases and other contracts. AMTdirect offers the industry’s most complete solution for FASB compliance and lease administration. With AMTdirect, Polaris will be able to centrally organize and manage locations, contracts, maintenance items, dates, and obligations.
We are excited about the opportunity to help Polaris meet its business goals and are delighted to have earned the opportunity.