Tango offers new lease administration and accounting solution

Tango, a provider of store lifecycle management and integrated workplace management system (IWMS) solutions, is offering a new lease administration and accounting solution created specifically to meet the needs of mid-market organizations.

Tango helps these organizations oversee their day-to-day operational requirements and ensure compliance with new lease accounting standards (FASB ASC 842 and IFRS 16) by automating and streamlining accounting for real estate property, equipment and embedded leases, calculating ROU asset and lease liability, and accurately reporting from a single solution.

Tango helps mid-market companies make smarter, data-driven decisions about lease administration and accounting that are critical to successfully navigating today’s fast-evolving and disruptive real estate environment, all while keeping operating expenditures low.

Tango’s Lease Administration and Lease Accounting mid-market software solution was built by a team with decades of industry experience, and includes:

• Lease Administration- Administer leases with ease from abstraction through management of options, terms, clauses, co-tenancy and all key items.
• Lease Financials- Aggressively manage occupancy costs by automating complex calculations, reconciliations and billings.
• Lease Accounting Compliance-Achieve FASB ASC 842 & IFRS 16 lease compliance with the only proven solution that was built from the ground up for the new regulations.
• Reporting & Visualization- Leverage data insights to identify issues and prioritize lease management activities for all size portfolio. An intuitive, role-based user interface that provides actionable insights into all lease-related items and users receive immediate alerts to items that require attention.

For more information about this release, visit https://tangoanalytics.com/.