LeaseAccelerator Is The Fastest, Easiest Way to Comply with ASC 842 and IFRS 16.

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EASY TO USE

Record the journal entries for all of your real estate and equipment leases in our enterprise lease accounting software.

We support the new reporting and disclosure requirements for both the new ASC 842 (US GAAP) and IFRS 16 (international) standards. You can easily upload debits and credits into your SAP, Oracle, or other ERP application for consolidation and close.

LeaseAccelerator Enterprise Lease Accounting Software Screen

Day One Compliance

Support for ASC 842 and IFRS 16

  • Global Standards: Multiple parallel set-of-books reporting for US GAAP and IFRS
  • Asset-Level: Journal entries to support complex equipment leasing scenarios
  • ERP Upload: Integration with SAP and Oracle general ledger, AP, and fixed asset systems
  • Financial Reporting: Push-button reporting for SEC 10-K filings and disclosures

Day Two Automation

Record-to-Report

  • Lease Management: Mid-term events and end-of-term renewals, buyouts, and terminations
  • Modifications: Tracking of events triggering modifications and reassessments
  • Disclosure Reporting: Payment schedule, amortization, and maturity analysis reporting
  • SOX Audits: Electronic audit trail of all activities throughout the lease lifecycle
VERSATILE

A Single Accounting Engine for All Your Leases

Our software was designed from the ground up to support any type of asset class.

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Real Estate Leases

Office buildings, retail stores, distribution centers, data centers, and health care facilities.

  • Gross and Net Leases
  • Index and Performance-Based Rents
  • Common Area Maintenance (CAM) Charges
  • Integration with Real Estate Administration Systems

Equipment Leases

Material handling, vehicle fleet, aircraft, rail cars, and data center equipment.

  • Fair Market Value, Dollar Out, TRAC, and Step Leases
  • Variable and Usage-Based Rents
  • Tracking of Renewals, Buyouts, and Returns
  • Integration with Asset Management Systems
READY TO CONNECT

Connect to Your SAP and Oracle Financial Systems

APIs and integration enable synchronization with general ledger, accounts payable, and fixed asset applications

Support for US GAAP and IFRS

IFRS 16 and ASC 842 text
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SAP Financials

Integrate with SAP using our APIs:

  • General Ledger
  • Accounts Payable
  • Fixed Assets
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SAP Financials

Integrate with Oracle using our APIs:

  • General Ledger
  • Accounts Payable
  • Real Estate

Listen to a Real World Case Study

Hear how a Fortune 500 company implemented LeaseAccelerator for ASC 842.

PARTNER UP

Accelerate Your Implementation

Our partners are certified and trained in how to implement our lease accounting software.

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Data Collection

Support for ASC 842 and IFRS 16

  • Discovery of all leases
  • Identification of data sources
  • Abstraction from contracts
  • Cleansing of bad data
  • Upload into software application

Software Configuration

Configure, test, and deploy software:

  • Master Data Configuration
  • Financial Variable Setup
  • ERP Integration
  • Unit and System Testing
  • Go Live and Deployment

Process Transformation

Redesign processes, policies, and controls:

  • Booking and Contracting
  • Asset Tracking
  • Invoice-to-Pay
  • End-of-Term Management
  • Record-to-Report

Get a Live Demo of Our Lease Accounting Software

Learn how LeaseAccelerator can help you achieve compliance with ASC 842 and IFRS 16, streamline your lease management and accounting processes and save you 16-20% on leasing expenditures.

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LeaseAccelerator Enterprise Lease Accounting Software Screen

Want to Learn More About Enterprise Lease Accounting?

Please Look Through Some of Our FREE Educational Resources