Finance Tech

Bengo4.com Partners with First Accounting for Lease Rules

Bengo4.com, the company behind CloudSign, and First Accounting, the team pushing accounting AI, have signed a partnership to roll out joint solutions that help companies deal with Japan’s new lease accounting standards hitting in April 2027. These rules will force listed companies, large corporations, subsidiaries, and affiliates to treat lease type transactions as assets. Sounds simple on paper. In reality, the grind lands on accounting and finance teams. The pain points are clear. To begin with, the management of contracts has to be impeccable and completely digitalized. Firms have mountains of treaties disintegrated through paper, PDFs, interfacing drives, and outdated systems. Everything that falls into the category of leases must be monitored and verified for any existence. Second, once you identify those contracts, someone has to dig into them, judge…