Tango Renews Joint Business Relationship with PwC 

Three major accounting firms all partner with Tango to ready customers for new lease accounting standards

Tango announced today that it has renewed its joint business relationship with PwC to help prepare its customers for FASB Accounting Standards Codifications (ASC) 840 and 842, and International Accounting Standards Board’s IFRS 16, Leases.

The joint business relationship enables PwC and Tango to work together to provide customers with their combined experience and expertise. PwC’s experience in delivering lease accounting services together with Tango’s expertise in developing and implementing industry-leading lease administration and lease accounting software will help customers more easily navigate the road to lease compliance.

“Our partnership with PwC helps our customers access the know-how and tools they require to ensure compliance to the new FASB and IFRS lease accounting standards,” says Pranav Tyagi, Tango’s President and CEO. “The fact that PwC represents the third accounting firm that is collaborating with Tango further demonstrates that the marketplace has embraced our solution as best in class.”

Unlike other solutions that have attempted to retrofit their systems to achieve compliance, Tango’s Lease Accounting functionality was built from the ground up to comply with the new requirements. Tango’s lease solution has gained significant traction in the market and has been selected by dozens of global brands.

Tango recently launched a Road to Lease Compliance Resource Center, which provides insight and content along eight key stages to compliance.