Lease managment and accounting software

A friendly user interface that stays out of your way and lets you get to what you need quickly, easily, and without an instruction manual. Minimize compliance risk. The iLeasePro addresses the provisions of the new lease accounting standards which requires that the vast majority of real estate and equipment lease obligations be recognized on the balance sheet of lessees. Automatically generates daily and monthly Right of Use Asset and Lease Liabilities Amortization and Expense Schedule for an individual lease or your entire lease portfolio.

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Lease managment and accounting software

Content:

• What to Look for in Lease Management Software
• Get Fully IFRS 16 Compliant
• Best Rental Property Management Software
• Lease accounting software that powers compliance
• Top 5 Lease Accounting Software
• Take Control of your Real Estate
• Lease accounting and contract management
• Let us show you how DebtBook works
• Lease Accounting and Management Software Market
• Lease Management Systems vs. Aptitude Software Lease Accounting Engine: What’s Different?

What to Look for in Lease Management Software

LOIS is a hassle-free SaaS solution that delivers all the tools and functionality needed to extract, validate and report on all your lease data. All your leases in one portfolio utilising global analytics. Easily customisable templates let you record exactly the data that is important to your business. Stand alone or full API enabled integration allowing you to run your lease portfolio with ease.

Amortisation and depreciation schedules and full audit trails provide full data integrity and traceability. Flexible lease management system accounts for change at any detail. Full access control catering to large and small teams and organisational structures. Therefore, Quadrent is the only company in the sector offering lease accounting expertise to support and provide advice for a lease accounting software solution. Coming from a foundation of accounting expertise rather than a stock standard SaaS rollout, LOIS is developed alongside our partner IRIS Innervision, and with years of leasing experience within the team, this is a product that truly understands leasing.

These companies need strong automated and controlled accounting ledgers in an easy-to-use and efficient program. Over organisations around the globe use LOIS to generate complex calculations in order to produce income statements, cash flow and balance sheet impacts, to manage and enhance their lease portfolio. With LOIS, you have the ability to load your own data and conduct scenario analysis in-house using the excel upload template configured to your master data requirements.

LOIS can manage all agreements and in life changes modifications. Using the GL functionality LOIS creates a new amortisation schedule for the change as well as keeping the existing amortisation schedule for accurate reporting. All amendments are logged in a full audit trail.

Unlike Excel that requires a human element, LOIS can store and report on all asset data without the need for manual calculations and accounting. As a system, LOIS does the heavy-lifting for you. The system is fast to implement and automates processes, saving you time and money. The largest customer in the region has 7, leases stored in LOIS, while the smallest client has 33 leases. The largest asset leased in the region has a value of over AUD1 billion. Let us show you how easy it is to save time and costs.

Make the case for change and get the investment signed off by your senior decision-makers using our editable business case template. Compare the results of your NPV workings for your most complex lease against what our LOIS lease accounting solution would automatically calculate. LOIS is supported by a team of lease accounting experts. Our team of locally based chartered accountants can assist you with your IFRS 16 compliance, making this task easier and more efficient!

Get in Touch. Portal Login. Lease Portfolios Powered by. Simple to use and fast to implement. Instant IFRS 16 compliance.

Fully integrated GL system where you control the data. Powerful templates and fast customisation. Portfolio analytics enable smart decisions. Supported by CA qualified leasing accountants. Would you like to explore more? IFRS 16 Software Solution Business Case Make the case for change and get the investment signed off by your senior decision-makers using our editable business case template.

Worried about your IFRS 16 calculations? Constrained borrowing levels have added to the pressure on finance teams to source optimal solutions for financing Read More. The historic low interest rate environment that spanned the last decade is ending.

This means companies need to think With historically low interest rates on the rise, this could be the compelling event to drive you to review your

Get Fully IFRS 16 Compliant

This means that by using our software, businesses can automate calculations that are otherwise time-consuming, prone to error and difficult to audit in a spreadsheet or separate software approach. Designed as an open information system, the calculated values can be interfaced through to corporate accounting systems to avoid manual journal creation. In addition, fields have been added that capture discount rates, assumed end dates of the lease taking into account break clauses and extensions, plus comments to satisfy auditors as to why this date has been chosen , incentives, costs and dilapidations. Automatic recalculations and associated balance sheet adjustments when leasing events require it, such as extensions and terminations. Track and manage all types of assets, including office and IT equipment and vehicles, with visibility into critical data such as lease terms, depreciation schedules, and residual value guarantees. New disclosure reports providing details of right-of-use assets, interest, amortization, cash flow and weighted terms. Scenario modelling of new leases to aid decision-making when considering the impact of new contracts on the balance sheet.

Best Rental Property Management Software

Schedule a Demonstration. Download this proven, step framework that every company should take on the journey toward lease accounting compliance. Register for educational events and our monthly product tours that highlight how CoStar empowers lease accounting teams. No one has automated more functionality for ASC accounting, including on-going remeasurements related to changing leases. No one had delivered and manages more integrations to critical business systems, and guarantees them too. Only CoStar puts system-generated audit notes in disclosure and roll-forward reports for smooth sailing. Get the Lease Accounting Guide Download this proven, step framework that every company should take on the journey toward lease accounting compliance. Upcoming Events and Product Tours Register for educational events and our monthly product tours that highlight how CoStar empowers lease accounting teams. Managed and guaranteed integrations No one had delivered and manages more integrations to critical business systems, and guarantees them too. Comprehensive and automated reporting Only CoStar puts system-generated audit notes in disclosure and roll-forward reports for smooth sailing.

Lease accounting software that powers compliance

The module has been developed over time using the client's feedback and Property Leasing Companies input. Cloud-based Lease Management System — A key factor to the design was to ensure this module integrated with the existing Asset Management system , sharing the data already stored in the database for existing clients and provide an organized modular approach for new clients to setup the necessary table data. Never miss a key date, action item or lease event. Rely on Asset Easy to help you manage your organization's leases and assets.

Top 5 Lease Accounting Software

Why IRIS? So, our overarching goal is to create the time and provide the tools for accounting firms to do exactly that — add value. IRIS Lease Accounting automates compliance with the latest lease accounting standards, streamlines leasing processes, improves transparency and reporting, and aligns strategies across your whole organization. From publicly listed companies to non-public entities, thousands of finance professionals around the world trust us to transform their leasing processes, centralize their data and automate lease accounting compliance. Through automation, you can get rid of time-consuming, manual spreadsheets and easily comply with the latest lease accounting standards, ASC and IFRS 16, reducing the risk or error and freeing up hours of time. Your clients will cut the amount of admin, reduce manual tasks, speed up routine jobs and gain total control across the entire lease life cycle.

Take Control of your Real Estate

Gain complete control and generate the data-driven information you need to make optimal use of the real estate you occupy. Lease management software is an essential tool to help simplify the complexities of managing real estate leases. Keeping track of every lease commitment throughout a large portfolio can be daunting, and ensuring accurate reporting of the new ASC lease accounting regulations brings additional challenges — you are now obligated to advise on the impact of current and future leases on the company balance sheet. Easily consolidating all of your portfolio information into a single system will ease this burden. Integrating your lease administration software with your real estate, facilities and other corporate systems will drastically improve efficiencies and communication. A multi-currency, multi-lingual solution could help you manage global lease portfolios in one easy-to-use platform.

Lease accounting and contract management

With great commercial property management software, you have access to an all-in-one platform. This technology allows you to streamline and optimize every one of these areas. In this guide, we will discuss the benefits and features of such software. Commercial property management software refers to software designed to help property managers and landlords manage their properties.

Let us show you how DebtBook works

LloydsPharmacy, one of the UK's largest pharmacy operators, is deploying MRI's lease management and accounting solution to support continued business growth and simplify the task of meeting IFRS 16 requirements. The accounting standard came into effect on 1 January and requires that all leases be recorded on balance sheets to increase the transparency of business exposure to costs. LloydsPharmacy manages more than 1, leases for its sites across the UK. The company chose to move forward with Horizon CRE because the platform enables it to address a range of needs — including effectively managing their retail portfolio, from key events to transaction processes, whilst adhering to necessary accounting and reporting requirements unique to a large retail organisation, such as retail accounting periods. Horizon unlocks a greater level of efficiency and scalability, and the quality and accuracy of the data now available to us will support better strategic decision-making.

Lease Accounting and Management Software Market

From the public sector to publicly listed companies, lessee finance professionals trust FMIS to track and automate lease accounting processes, centralise their lease data and support IFRS 16 compliance. Our lease management software gives your team the tools, features and reporting to successfully manage your finance leases and operating leases for equipment and real estate without the need for spreadsheets. Key features. Flexible Calculation Rules. Adjustments and changes. Simple lease administration.

Lease Management Systems vs. Aptitude Software Lease Accounting Engine: What’s Different?

Property management software simplifies every aspect of resident onboarding and management, and leasing is no exception. Whether the property you manage is residential or commercial, lease administration software is an essential tool that will cut down on errors and increase efficiency. Read on to find out what lease management software is and how it works. Then, learn why you should use real estate leasing software, and discover the five best lease administration software providers for real estate.