LeaseQuery’s CPA-approved software helps remove lease-accounting errors. The collaboration will provide Fiserv’s Prologue Financials accounting-software users access to it.
Users will be in a better position to streamline their financial-accounting processes with the help of Prologue Financials’ built-in automation and controls as they now get additional support from LeaseQuery’s cloud-based lease-accounting capabilities that include automated lease assets, journal entries and disclosure reports.
Notably, Fiserv’s shares have declined 13.1{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9} year to date against 3.9{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9} growth of the industry it belongs to.

The move makes sense as the process of tracking leases has become cumbersome due to a huge increase in lease liabilities in balance sheets after the Financial Accounting Standards Board issued ASC 842. This new standard for lease accounting demands recognition of operating leases for retail branches and office space upon initiation of the lease.
“The continually changing accounting environment is a catalyst for automation, which can improve not only the efficiency of the lease accounting process, but also its accuracy,” said Aldor Delp, senior vice president and general manager, Digital Efficiency Group at Fiserv.
Currently, Fiserv has a Zacks Rank #3 (Hold).
The long-term expected earnings per share (three to five years) growth rate for IQVIA Holdings, ICF International and NV5 Global are 9.9{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9}, 10{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9} and 13.7{cb3fe4c54de06d7c4b8dceae281fb32e521027d1659af7adec2f427d2f5333d9}, respectively.
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
Click to get this free report
Fiserv, Inc. (FISV) : Free Stock Analysis Report
ICF International, Inc. (ICFI) : Free Stock Analysis Report
NV5 Global, Inc. (NVEE) : Free Stock Analysis Report
IQVIA Holdings Inc. (IQV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research” data-reactid=”37″>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Fiserv, Inc. (FISV) : Free Stock Analysis Report
ICF International, Inc. (ICFI) : Free Stock Analysis Report
NV5 Global, Inc. (NVEE) : Free Stock Analysis Report
IQVIA Holdings Inc. (IQV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research