The solution provides a platform to manage the fundamentals of asset accounting whilst also helping towards compliance with all financial directives. It enables organisations to meet IFRS and US GAAP regulations, including the upcoming IFRS 16 lease accounting rules that were agreed between the IASB and FASB and that will become effective in 2019.
“Textainer was familiar with RAM as it previously provided software to Amficon, a company we acquired in 2009,” Coan continued. “Our work with RAM during the migration of that fleet into our systems contributed to the confidence we had in engaging them for this requirement.”
Headquartered in Bermuda, Textainer operates via a network of 14 offices and 400 depots worldwide. With a fleet of over 3.2 million TEU, it supplies more than 400 customers including some of the world’s largest shipping lines.