SOFT4 is pleased to announce that Bestborn Business Solutions have joined SOFT4 partner network to deliver ASC 842 lease accounting solution in U.S. market. New partnership will allow to support the growing demand for a Cloud based, integrated ASC 842 lease accounting solutions in U.S. as well as to bring transparency and efficiency to financial markets. Issued by the International Accounting Standards Board, ASC 842 requires public and private companies (lessees) to recognize most leases on their balance sheets and redefine many commonly used financial metrics.
As Martin Kerr, President of Loan Vision states, “With such big changes coming to the ASC 842 leasing standards, we wanted to give our customers the support they would need as quickly as possible. Microsoft NAV’s platform gave us the ability to take Soft4Lessee’s internationally-used tool and integrate it seamlessly into ours. This integration allows us to offer our customers a proven solution for the impending changes.”
“We are excited to join forces with BestBorn Business Solutions to provide their clients with lease accounting solution designed specifically to achieve compliance with ASC 842 standard. This collaboration enables customers to benefit from our partners local expertise, significant financial management, automation and reporting knowledge as well as their solid nationwide project experience. We are looking forward to working with the BestBorn team.” , says Ugnė Kontarė, business development manager at SOFT4.
About Bestborn Business Solutions, Inc.:
Founded in 2006, Greensburg, PA-based Bestborn Business Solutions are the creators of Loan Vision, a mortgage industry specific financial management and accounting software. Combining the functionality of Microsoft Dynamics NAV and Bestborn’s industry toolset and expertise, Loan Vision has quickly established itself as a platform trusted by some of the largest as well as the fastest growing mortgage lenders in the country. Functionality includes the ability to interface with Loan Origination Software, loan-level accounting, commission calculations, as well as a branch reporting portal. For more information about Loan Vision, visit www.loan-vision.com.