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Is an Internal or External Lease Management Center of Excellence (CoE) Right for You as a Large Lessee?

Pros, Cons, and Roadmap to Success

Access Self Study

Learning Objectives

  • To identify the key differences between outsourcing lease management and building an internal Center of Excellence (CoE), enabling organizations to make informed decisions about their lease management strategy.
  • To explore strategies for streamlining complex lease management processes that involve multiple stakeholders across different divisions and geographies, fostering collaboration and efficiency within the organization.
  • To emphasize the pivotal role of technology and data in internal lease management, equipping participants with insights into leveraging cutting-edge tools and data analytics to drive transformative change in lease management practices.

Course Description

The adoption of ASC 842 and IFRS 16 has transformed lease management for companies, sparking discussions on outsourcing options and the benefits of centralized lease functions. 

While numerous publications and webinars have shed light on the advantages of outsourcing, there is a notable lack of guidance for organizations considering the establishment of an internal Center of Excellence (CoE) or centralizing specific lease functions. Given the varied processes involving multiple stakeholders across different divisions and geographies, each with specific skill sets, this can be particularly challenging. This webinar will explore those considerations unique to lessees, with a particular focus on people and technology, using data and accounting to drive change.

In this CPE Accounting Webinar, we will examine and discuss the following topics:

  • Process identification: How to identify the processes within lease management that are ready for change (lease negotiation, end of term, accounting, etc.)
  • Skill set identification: How to determine the skill sets required in the Lease Management CoE.
  • Software and integration capabilities: How software and integration capabilities can facilitate centralization while maintaining control.
  • Data and technology interaction: How the CoE utilizes data and technology to interact with accounting stakeholders.
  • Spend control: How to leverage the CoE and technology to help Treasury and Procurement control spending at lease inception, and asset owners at the end of term.

Live Webinar Qualifies For

  • 1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 1 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Accounting for CPA in Canada
  • 1 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
  • 1 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
  • 1 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
  • 1 CPE Credit of Financial Reporting for Chartered Global Management Accountants (CGMA)
  • 1 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
  • 1 PL Credit of Accounting for Chartered Financial Analyst (CFA)
  • 1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 1 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
  • 1 CPD Credit for Chartered Accountant - ICAEW
  • 1 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
  • 1 CPE Credit of Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
  • 1 CE Credit of Financial accounting concepts for Certified FP&A Professional (FP&A)
  • 1 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPE Credit of Accounting for Iowa Licensed Public Accountant (IA-LPA)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 PL Credit of Accounting for CIPM
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for CPA - Ireland
  • 1 CPE Credit of Accounting for Maine Licensed Public Accountant (ME-LPA)
  • 1 CPE Credit of Accounting for Delaware Licensed Public Accountant (DE-LPA)

Self-Study Webinar Qualifies For

  • 1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 1 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Accounting for CPA in Canada
  • 1 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
  • 1 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
  • 1 CPE Credit of Management Accounting for Certified Management Accountants (CMA)
  • 1 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
  • 1 CPE Credit of Financial Reporting for Chartered Global Management Accountants (CGMA)
  • 1 CPD Credit for Certified Financial Forensics (CFF)
  • 1 PL Credit of Accounting for Chartered Financial Analyst (CFA)
  • 1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
  • 1 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
  • 1 CPD Credit for Chartered Accountant - ICAEW
  • 1 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
  • 1 CPE Credit of Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
  • 1 CE Credit for Certified FP&A Professional (FP&A)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPE Credit of Accounting for Iowa Licensed Public Accountant (IA-LPA)
  • 1 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for CPA - Ireland
  • 1 PL Credit of Accounting for CIPM
  • 1 CPE Credit of Accounting for Maine Licensed Public Accountant (ME-LPA)
  • 1 CPE Credit of Accounting for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Bruce Conway, CPA in Canada

, Nakisa

Bruce Conway is a Senior Advisor, Solution Engineering at Nakisa. Bruce is a Chartered Professional Accountant (CPA) with over 23 years of experience in managing lease portfolios for numerous Fortune 1000 companies. He has played a pivotal role in developing cutting-edge Software as a Service (SaaS) used by lessees worldwide and has utilized this software to serve clients from lease origination to termination. In recent years, Bruce has been a subject matter expert heavily involved in financial software implementations for many Fortune 1000 companies seeking compliance with ASC 842 and IFRS 16 lease accounting requirements. Most recently, he held the role of Global Leasing Manager for one of the world’s largest and most complex equipment and real estate lease portfolios. Before his tenure in Equipment Leasing and Leasing Software, Bruce held various controllership roles and enjoyed a successful career with both KPMG and Price Waterhouse (PwC).

Additional Information

Course Level

Basic

Credits

1

Instructional Method

  • Group Internet Based
  • QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

Click Here to View

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

Ratings and Review

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GH

Gregory Howell, CPA (US)

This was a fantastic webinar on a topic that I know absolutely nothing about. So it is of no use to me. However, it did get me an hour of CPE credit.

DH

Darryl Horton, CPA (US)

Great handout material governing the understanding of CoE, and the role it plays in organization.

DG

Daniel Greenwood, CPA (US)

very good learning experience

JA

Jeremy Arnold, CPA (US)

Very imformative

JB

Jennuel Belizon, CIA

Very informative

1 Credit

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Subject Area

Accounting

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