JMT Consulting partners with iLeasePro to provide a cloud-based ASC 842 lease accounting and management technology solution to nonprofits.
Nashville, TN: JMT Consulting today announced a new partnership with iLeasePro. This new partnership will give JMT’s clients access to a cloud-based lease accounting and management technology solution.
John Meedzan, Managing Partner, said, “Prompted by the FASB ASC 842 change in accounting requiring lease liabilities to be included on the balance sheet, we believe that lessees will require a technology solution that will not only accommodate the requirements of the new accounting standards but will also provide a state-of-the-art technology solution to the manage the lease cycle of the entire lease portfolio”.
“JMT is a specialized management consultancy for nonprofits who want to own their back-office, their data, and their future. In our ongoing efforts to find the best solutions for nonprofits, we have entered into a strategic partnership with iLeasePro,” says Jacqueline Tiso, CEO of JMT. “iLeasePro offers an
uncomplicated approach to lease accounting for lessees and tenants of real estate and equipment leases. The tool provides nonprofits the ability to comply with the FASB ASC 842 Lease Accounting Standard changes.”
The new partnership will bring new capabilities to clients, including:
- Lease Accounting
- Accounting System Integration, including Sage Intacct
- Lease Management
- FASB ASC 842 Compliance
iLease Management LLC, founded in 2012, is in the business of making it easier for firms to manage the lease lifecycle of real estate and equipment leases. iLease is the developer of iLeasePro, a cost-effective, intuitive and accurate SaaS lease accounting solution that brings transparency, information sharing capabilities and efficiency to the lease portfolio of lessees. iLeasePro simplifies the adoption and transition to the FASB ASC 842 Lease Accounting Standard for lessees.
About JMT Consulting:
JMT was founded in 1991 by Jacqueline Tiso to help nonprofits achieve their mission of helping others. Since then, they have expanded their global reach to include JMT Consulting Australia. JMT focuses on management and finance solutions solely for nonprofits. Backed by decades of expertise, they offer effective consultation, implementation and support strategies to each client engagement. Their capabilities allow them to mitigate risk, anticipate needs and make holistic recommendations that cater to individual needs. JMT’s suite of technology solutions also includes Axiom, a robust cemetery management platform that provides quick access to actionable data. To Learn more about JMT Consulting, visit the website at https://jmtconsulting.com/