BKD Launches AI-Powered Lease Solution

Nov 11, 2019 | Member News

BKD CPAs & Advisors is pleased to announce the addition of a new tool: BKD LeaseVision. The three-part solution is powered by artificial intelligence (AI) to help organizations implement GASB 87 and FASB Accounting Standards Codification 842 on lease accounting with ease.

“BKD is excited to offer this tool to help our clients succeed,” said Director Amy Shreck, one of BKD LeaseVision’s developers. “We look forward to using the LeaseVision tool to consult with organizations to help implement these complex lease standards.”

BKD LeaseVision provides an AI tool to extract key lease terms from various lease types, a road map to help provide an in-depth process framework and an Excel-based tool to help perform calculations and develop lease amortization schedules.

FASB recently approved the delay of FASB’s lease accounting standard effective date. However, “despite this delay, we are encouraging our clients and prospects to be proactive and start the process now,” said Director Jessica Richter, one of BKD LeaseVision’s developers.

To learn more about BKD LeaseVision or schedule a meeting, contact your local BKD trusted advisor or email [email protected].