FASB regs Mid-market companies need to ensure compliance with new FASB regulations (credit: Carlos Muza).

DALLAS—Tango, provider of lifecycle management and integrated workplace management system solutions, recently unveiled a new lease administration and accounting solution created specifically to meet the needs of mid-market organizations. Tango helps these organizations oversee day-to-day operational requirements and ensure compliance with new lease accounting standards (FASB ASC 842 and IFRS 16) by automating and streamlining accounting for real estate property, equipment and embedded leases, calculating ROU asset and lease liability, and accurately reporting from a single solution.

“Considering that real estate represents a top two expense line item for most mid-market companies, it’s essential they gain the visibility and insights to help them identify savings opportunities within their lease administration and accounting processes, as well as ensure compliance with new FASB regulations,” said Pranav Tyagi, Tango CEO. “Until now, the mid-market was forced to choose between less robust lease administration and accounting solutions that didn’t fully meet their needs or rely on time-intensive and expensive manual approaches.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.