DALLAS—Tango, provider of lifecycle management and integratedworkplace management system solutions, recently unveiled a newlease administration and accounting solution created specificallyto meet the needs of mid-market organizations. Tango helps theseorganizations oversee day-to-day operational requirements andensure compliance with new lease accounting standards (FASB ASC 842and IFRS 16) by automating and streamlining accounting for realestate property, equipment and embedded leases, calculating ROUasset and lease liability, and accurately reporting from a singlesolution.

"Considering that real estate represents a top two expense lineitem for most mid-market companies, it's essential they gain thevisibility and insights to help them identify savings opportunitieswithin their lease administration and accounting processes, as wellas ensure compliance with new FASB regulations," said Pranav Tyagi,Tango CEO. "Until now, the mid-market was forced to choose betweenless robust lease administration and accounting solutions thatdidn't fully meet their needs or rely on time-intensive andexpensive manual approaches."