As a public limited liability company Arch Capital needed to comply with the new lease accounting guidelines - ASC 842. They produce the ASC 842 reports centrally for all their entities worldwide- a manual process that was prone to errors and time consuming.
Having already streamlined their financial consolidation and close process using OneStream they decided to extend their use of the platform. By leveraging one platform, they were able to reduce the number of systems and eliminate much manual work, saving a significant amount of time and greatly reducing errors.
During this webinar you will learn how:
- Arch streamlined their close and reporting process
- The system handled complex FX calculations
- Arch moved to automated Lease Accounting reporting under ASC 842
- The Lease Solution saved countless hours and reduced errors, including automatically generating ASC 842 disclosures
Meet the Experts
Eric Capuano – Director of Consolidations and Reporting, Arch Capital
Craig Colby – President, OneStream Software
Peter van Ooik – Senior Consultant, Agium EPM