According to a report from Accounting Today, as the stewards of financial information, accountants have a unique opportunity to take the lead in adopting the new lease guidance and implementing lease accounting software.

Accounting Today noted accountants will play a distinct role in developing the processes and implementing the systems to guide an organization into the future.

Empowered by the centralized data from the lease accounting software, accounting professionals are positioned to add valuable insights on lease spend, advise on operational and financial decisions and be able to provide in-depth and accurate financial analysis, Accounting Today said.