January 11, 2018

Accruent Announces Joint Business Relationship with PwC

Learn about the joint business relationship enabling PwC and Accruent to work together to prepare customers for FASB/IASB lease accounting changes.

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Accruent – News - Accruent Announces Joint Business Relationship with PwC

Collaborating to prepare customers for FASB/IASB lease accounting changes.

Austin, TX – January 11, 2018 –  Accruent, the world’s leading provider of software and services that enable organizations to manage the lifecycle of their physical resources, announced today that it has entered into a joint business relationship with PwC, collaborating to prepare customers for FASB/IASB lease accounting changes.

The joint business relationship enables PwC and Accruent to work together, where permitted by professional and regulatory requirements, to leverage PwC’s experience in delivering lease accounting services and Accruent’s expertise in developing and implementing software for lease administration and accounting.

As companies prepare to become FASB/IASB-compliant by first quarter of 2019 for public companies and 2020 for private companies, the focus has shifted from simply understanding the new regulations, to actively selecting a compliant lease solution with a company that has a proven history of successful data conversions, implementations and integrations.

Accruent’s solution enables customers to make needed lease reporting changes in real time by actively monitoring the changes to the lease accounting standards and incorporating them into its lease administration software. The solution also manages core financial data for the generation, management and reporting of lease standards. In addition to ensuring lease compliance and controlling costs, Accruent customers can report on both operating and finance lease obligations as well as forecast future assets and liabilities.

“Accruent’s proven solutions with PwC’s expertise in the field is a powerful combination,” said John Borgerding, CEO, Accruent. “Our customers can leverage the strengths of this relationship as they prepare to become FASB/IASB-compliant.”

About Accruent

Accruent ( is the world's leading provider of intelligent solutions for the built environment — spanning real estate, physical and digital assets, and the integrated technology systems that connect and control them. Accruent continues to set new expectations for how organizations can use data to transform the way they manage their facilities and assets. With major office locations in Austin, New Orleans, London, and Amsterdam, Accruent serves more than 10,000 customers in a wide range of industries in more than 150 countries around the world.