< Back to all
Apr 03, 2017
Dylan Moats

LEVERTON Strengthens Offering by Signing Agreement with Arazzo Solutions

LEVERTON has added the boutique firm Arazzo Solutions to its North American partner ecosystem in order to foster the intersection of technology and value added consulting services. This collaboration enables a partnership that is beneficial for current and future clients who are making the transition through US GAAP ASC 842 and IFRS16. With this agreement in place, LEVERTON and Arazzo Solutions can provide the best-of-breed document abstraction technology and world-class consulting advisory services to assist clients with an advanced understanding of the new lease accounting guidelines (US GAAP ASC 842 and IFRS16).

LEVERTON is a leading AI company providing a platform which utilizes deep and machine learning technologies to extract and manage data from legal documents such as leases. Arazzo Solutions is a boutique professional services firm focused on the Commercial and Corporate Real Estate (CRE) industry with expertise in lease accounting support.

By signing this partnership, LEVERTON and Arazzo Solutions have formalized their relationship to provide both the technology and the consulting services required to successfully manage through the significant changes caused by the new lease accounting standards. With the correct data points, full audit trails, and consulting advisory services, LEVERTON and Arazzo are uniquely positioned to help global corporations meet the new stringent deadlines.

Abhinav Somani, Managing Director LEVERTON, says:

“The first step to mastering your ASC 842 and IFRS16 lease accounting challenges is to ensure you have captured the data out of the documents accurately and with a high degree of auditability. The next is to know what to do with all that data and how to appropriately account for it. We’re very excited to be bringing all of that to the table in a single, technology enabled support package.”

Deb Vallo, Principal, Arazzo Solutions agrees:

“The new lease accounting guidelines are significant and far-reaching. Most organizations are taxed with using their current staff, who may or may not fully understand the guideline changes and are already wearing several hats. Arazzo Solutions can help augment your team and provide advisory services to help you manage these changes. We are excited to be working closely with LEVERTON to ensure clients are basing their calculations on data that is accurate, current, reliable, and auditable. Quality data is the key to ensuring the accounting calculations and schedules are accurate and dependable, and LEVERTON provides that assurance.”

About ARAZZO Solutions
Arazzo Solutions is a boutique professional services firm focused on the Commercial and Corporate Real Estate (CRE) industry. Our team has a unique combination of expertise in lease administration, lease accounting, project management, and IWMS (Integrated Workplace Management System) support.

We are here to augment your internal CRE teams and act as your advocate to manage IWMS vendors. Whether you have seasonal demands or need help year-round, we can help you meet your responsibilities and deadlines without the need to hire additional employees.

Visit us at www.arazzosolutions.com

LEVERTON develops and applies disruptive deep learning technologies to extract, structure and manage data from corporate documents in more than 20 languages. Our platform empowers corporations and investors to be more efficient and effective with their data & document management. The platform facilitates quick, data-driven decision-making by creating actionable, valuable insights out of unstructured data. Hundreds of global industry leaders trust LEVERTON to build their CORE of structured data.

Read more like this

U.S. Real Estate Management Firm Automates Lease Management and Speeds Up Due Diligence

Artificial Intelligence Comes Together With Accounting Expertise to Simplify IFRS 16 Transition

Levertonia 2019: The Future is Now