Tuesday, October 16, 2018

Accruent Wins JetBlue

Austin-based software developer Accruent reported a win this morning with JetBlue Airways, saying that JetBlue has selected the company's lease administration and accounting software. Financial terms of the deal were not announced. According to Accruent, its software is beind used for lease administration and also to ensure compliance with new FASB/IASB compliance standards. Accruent said the win came as a result of the new FASB and IASB standards, which are expected to take place effective January 1, 2019, which requires public companies to account for every single lease they have on their balance sheet.