Save time
Automate data capture, calculations, notifications and reporting.
Collaborate effectively
Exchange data accurately and work efficiently with Finance, Real Estate and other departments.
Gain control
Model scenarios to see the impact of lease contracts on your balance sheet.
Don't make lease accounting harder than it needs to be
The auditors are booked and the clock is ticking. There’s a mass of data to upload and complex calculations to get right, not to mention the day job. Late accounts or worse, a failed audit, are simply not an option. The damage to your reputation and access to finance is unthinkable. So what’s next?
Accurate, easy to use, auditable lease accounting software
Capture, manage and transform lease data into the figure you need for the balance sheet
Comprehensive & Integrated
Manage any lease from property and equipment to fleet and airplanes on a single integrated platform.
Fully Compliant
Comply with core accounting and financial reporting regulations, including IASB IFRS 16 and FASB ASC 842.
Powered by AI
Leverage AI to abstract lease data and gain an audit trail and make the audit process easier.
All your lease accounting tasks managed in one simple platform
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Lessee & lessor accounting
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Discount rate management
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Dual entity reporting
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Exemption & classification
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Accounting periods
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Disclosure reports
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GL/ERP Journal postings
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Lease & asset level accounting
Lessee & lessor accounting
Lessee & lessor accounting
For lessor accounting, achieve IFRS 16 & ASC 842 compliance for lease receivables linked to a head-lease payable, whether the subtenant is a third party company or intercompany. For lease level accounting, you’ll have access to an audit trail for each lease of all balance sheet calculations, each displaying amortization, opening/closing liability, interest, depreciation etc for each period in line with company-specific accounting calendar.
Discount rate management
Discount rate management
Definition and management of discount rate strategy – lease by lease, implicit, asset class.
Dual entity reporting
Dual entity reporting
Group Vs Entity Reporting, IFRS 16 & ASC 842 dual reporting for organizations requiring to declare the impact on the balance sheet of leases across multiple entities within a global group.
Exemption & classification
Exemption & classification
Automated classification of short term leases and small value lease exemptions, along with FASB operational and finance lease classifications.
Accounting periods
Accounting periods
Compounding on a daily rate or monthly rate in line with a client’s accounting calendar i.e. standard calendar months, 13 weeks, retail and manufacturing accounting periods (4-4-5).
Disclosure reports
Disclosure reports
Lessee and lessor disclosure reports (IFRS 16 & ASC 842).
GL/ERP Journal postings
GL/ERP Journal postings
IFRS 16 & ASC 842 journal entries per period – standard reporting or ability to interface to ERP.
Lease & asset level accounting
Lease & asset level accounting
Perform calculations at lease or asset level, including single or multi-asset leases.
Key Facts
400+
Over 400 lease accounting software implementations
100+
Used in 100+ countries
1000+
Trusted by more than 1000 property occupiers
Take lease accounting in your stride
We get how complex lease accounting can be. Different lease contracts impact the balance sheet in different ways and your calculations need to reflect that to be compliant.
Post ASC 842 many firms have introduced new accounting software but our lease accounting platform isn’t new. We’ve been continuously developing lease management software for more than 30 years and, as lease management experts, we know we can solve any accounting challenge, however complex and nuanced.
We also know that, if you could, you’d move this off your desk and get on with your day job. That’s why the software is powered by AI and automates many essential tasks. So you can take the year end into your stride. If you don’t have the resource to leverage the software yourself we can help you there too with our outsourced lease accounting services.
Features
1. Schedule a no-obligation demo.
2. Make light work of lease accounting.
3. Get on with your day job.
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