19 Sep 18

ARI sees opportunity from new IFRS accounting standard

When the new IFRS 16 lease accounting standard goes into effect in 2019, companies will be required to record their leases in a more transparent way, something that multinational vehicle fleet management company ARI sees as an opportunity.


“As companies prepare for this shift, I expect many of them taking the opportunity to reassess their overall acquisition strategy and consider implementing a more cost-effective and more transparent open-end lease solution,” ARI President Bob White told Global Fleet in an interview.


“Open-end leasing offers complete visibility into the total cost of ownership and more opportunity to control operating costs. As IFRS 16 takes effect and open-end lease options become more widely available, we believe that these flexible leases will quickly become the choice for many organizations,” the executive said.

Authored by: Daniel Bland