🔄 Automating and simplifying the complexities of Lease Accounting | Adam Riches
🔄 Automating and simplifying the complexities of Lease Accounting | Adam Riches
🔄 Automating and simplifying the complexities of Lease Accounting | Adam Riches
Today I’m speaking with Adam Riches, CEO & Co-Founder of Netgain
In this episode, we talk about . . .
- Adam Riches discusses the new lease accounting standards IFRS 16 and ASC 842, and how Netgain helps clients navigate the complexities
- Riches shares how Netgain automates lease data extraction from contracts using AI to save accountants time
- The challenges of managing cash flow visibility and bank reconciliations for businesses are highlighted
- How Netgain's tools like its close module help speed up the month-end close process and improve data quality
- The history of accounting software development is examined, from mainframes to Excel, and how Netgain aims to continue innovating
- Potential applications of AI in accounting are explored, such as automating bookkeeping tasks and catching previously overlooked errors
Contact details:
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Adam Riches linkedin.com/in/adam-riches-cpa
Netgain: https://www.netgain.tech/Â
Accounting Apps newsletter: http://HeatherSmithAU.COM
Accounting Apps Mastermind: https://www.facebook.com/groups/XeroMasterMindÂ
LinkedIn: https://www.linkedin.com/in/HeatherSmithAU/Â
YouTube Channel: https://www.youtube.com/ANISEConsultingÂ
X: https://twitter.com/HeatherSmithAUÂ
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From The Podcast
Accounting Apps Podcast| formerly Cloud Stories | Accounting Technology
*THE* podcast for accounting technology enthusiasts. Dive into the world of Accounting Apps with Heather Smith, a Chartered Accountant with a flair for storytelling and the engaging host of the Accounting Apps Podcast. Heather is obsessed with how effective automation and integration can produce timely clean data, to surface information for brave, fast data-informed decision making. Better data, better decisions, better business. She explores this topic with her guests, uncovering insights that offer you a competitive edge. Delve deeper into the Accounting Apps landscape and enhance your understanding. Hit that subscribe button now!Join the free Accounting Apps community to continue the conversations.https://www.facebook.com/groups/XeroMasterMind Brilliant guests include entrepreneurs, founders, business consultants, accountants, bookkeepers, small business owners, cloud advisors, developers, cloud integrators and solution providers.Each month guests share how they built their business and how your business or clients can use technology to be more effective and efficient. This may include exploring:*How you can implement and integrate business tools with your online accounting software to automate processes, improve productivity, and profitability;*How to build a business developing business apps; or*How to build a tech stack that meets your business needs or introduce your clients to them.If you have app overwhelm - this is an enjoyable podcast to listen to. Take it a step further and subscribe to the Accounting Apps newsletter: http://HeatherSmithAU.COMContact details:Heather SmithLinkedIn: https://www.linkedin.com/in/HeatherSmithAU/Join Podchaser to...
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