This integration will provide mutual customers with a comprehensive view of their lease portfolios, helping to enhance operational efficiency and control while mitigating risk
Visual Lease, a CoStar Group brand and a premier platform for integrated lease management, accounting, and reporting, announced that it has become a Workday Innovation Partner. This collaboration combines Visual Lease’s platform for lease accounting and management with Workday Financial Management software to empower joint customers with a comprehensive view of their lease portfolios, helping them manage their financial ecosystem, from general ledger to lease-specific reporting, accurately and efficiently.
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With this partnership, mutual customers can use a packaged solution including a standard set of preconfigured integrations that help automate the bidirectional exchange of financial data, provide more streamlined lease management, and help support compliance with FASB/IFRS and GASB 87/96 standards. The partnership comes on the heels of CoStar Group’s recent acquisition of Visual Lease and is a testament to their commitment to broaden the solutions available to their customers.
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“Our integration delivers real-time, accurate data across systems, empowering customers to enhance compliance, boost operational efficiencies, and minimize financial reporting risks, all while reducing costs,” said Andy Florance, CoStar Group Founder and Chief Executive Officer. “This partnership with Workday further aligns the Visual Lease platform to provide accurate and timely information, which empowers our customers to continue confidently making strategic decisions and drive their business forward.”
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Shared customers will benefit from a comprehensive financial tool with Workday Financial Management, and a best-in-class solution for lease accounting and management with Visual Lease.
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Source – PR Newswire
