🔄 Automating and simplifying the complexities of Lease Accounting | Adam Riches

Accounting Apps Podcast| formerly Cloud Stories | Accounting Technology

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24d ago 50:13

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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:

Adam Riches linkedin.com/in/adam-riches-cpa

Netgain: https://www.netgain.tech/

Accounting Apps newsletter: http://HeatherSmithAU.COM

Accounting Apps Mastermind: https://www.facebook.com/groups/XeroMasterMind

LinkedIn: https://www.linkedin.com/in/HeatherSmithAU/

YouTube Channel: https://www.youtube.com/ANISEConsulting

X: https://twitter.com/HeatherSmithAU

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