A T-Mobile Lease Accounting Study
Any new finance or accounting regulation poses resource and systems challenges for organizations. This is especially true when you are one of the largest telecommunication providers in the world with over 100 million subscribers and a large, complex lease landscape. After attempting to use an existing lease administration system to comply with the IFRS 16 and ASC 842 lease accounting standards, they went back to the drawing board. Following an evaluation of 16 vendors they selected and implemented a solution that could drive their innovative lease accounting approach.
On this webinar, Lora Tarabeih, Director of Asset and Lease Accounting at T-Mobile, discusses their approach toward addressing their rigorous lease accounting requirements and the benefits they are seeing from their data and digital-driven approach, including:
- A reduction in load times from around 22 days to 3 hours with no manual intervention
- The impact of reduced processing times and manual workarounds on staff overtime, retention, and morale
The business value and ROI of ALAE’s automated error management and controls.
Key Learning Objectives
- Learn how to navigate lease accounting under IFRS 16 and ASC 842 standards
- Learn the benefits of a data and automation-driven approach to lease accounting
- See how a telecom company with over 100 M subscribers navigates a large, complex lease landscape
- See the impact of reduced lease accounting processing times and manual workarounds on staff overtime, retention, and morale
