LeaseAccelerator Is The Fastest, Easiest Way to Comply with ASC 842, IFRS 16 & GASB 87.

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LEASE ACCOUNTING SOFTWARE

The highest level of automation of any lease accounting product on the market.

Transition to the new standards quickly with our rapid implementation approach. Digitize your record-to-report process and simplify your monthly close. Minimize audit risk by enforcing policies, controls, and governance to your leasing program.

Day One Compliance

Support for ASC 842, IFRS 16 & GASB 87

  • US GAAP and IFRS – both the new and legacy standards
  • Real Estate and Equipment – land, buildings, computers,
  • Asset-Level Accounting – plus contract and portfolio level
  • SAP and Oracle Integration – to GL, AP and real estate systems

Day Two Automation

For Record-to-Report and Monthly Close

  • Lease Management: new contracts, renewals, buyouts, and terminations
  • Modifications: contract changes, rent increases, and reasonably certain plans
  • Disclosure Reporting: payment schedule, amortization, and maturity analysis reporting
  • Audit Trail: documentation of who did what and when throughout the lease term
SCALE YOUR RECORD-TO-REPORT PROCESS

Is it time for new lease accounting software?

  • Is your lease accounting program proving more challenging than expected?
  • Do you need higher levels of automation, governance, and controls?

If so, you may be ready for the jump to Lease Accounting 2.0.

Learn More About 2.0
LeaseAccelerator: Introducing Lease Accounting 2.0

Why LeaseAccelerator?

Automation

Our system will automate the most time-consuming parts of the Record-to-Report process, enabling you to focus on policies, analyses, and exceptions.

  • Monthly Close: Reduce time-to-close with our true subledger, roll-forward, and cause of change reports
  • Policy Enforcement: Automate classification and policy enforcement for new and modified leases
  • Financial System Integration: Synchronize data with ERP, GL, AP, real estate, and other systems
  • Disclosures and Reporting: Push-button disclosures for maturity analysis and quantitative analysis

Success

Support services throughout the lifecycle to increase speed to compliance and enable your long term success.

Governance

Introduce policies, controls, and governance to the management of your lease portfolio so you can ensure accuracy and completeness.

  • Enforce Controls: Asset requisitions for new leases and required end-of-term recordations
  • Periodic Attestations: Confirm existence of assets and accuracy of lease details with stakeholders
  • Documented Audit Trail: Track the who, what, when, where, and how of any changes to your portfolio
  • SOC Audits: SOC 1 Type 2 ICFR audits as well as SOC 2 Type 2 audits for IT
INTEGRATION

Connect to Your Financial Systems

Secure FTP, APIs and rapid integration options enable you to share data with your general ledger, accounts payable, and real estate systems.

Get A Live Demo of LeaseAccelerator Software

Get a live demo of our lease accounting software

Learn how LeaseAccelerator can help you achieve compliance with ASC 842, IFRS 16 & GASB 87, streamline your record-to-report and monthly close processes.

We Support All the Financial Reporting Standards

IFRS 16

We are helping TSX 60 companies in Canada comply with IFRS 16 as well as STOXX 600 and FTSE 350 companies throughout Europe and the UK.

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ASC 842

We are helping many of the S&P 500 and Russell 2000 comply with ASC 840 as well as a growing number of private companies adopting the standard.

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GASB 87

We are working with non-profit, health care, educational, and state and local governments to help them comply with the GASB 87 lease accounting standards.

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AASB 16

We are helping ASX-300 companies comply with AASB 16 including many of Australia’s largest banks, energy companies, and government agencies.

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LeaseAccelerator undergoes audits for both SOC 1 Type 2 and SOC 2 Type 2 on a semi-annual basis.

The SOC 1 provides a Report on Controls at a Service Organization Relevant to User Entities’ Internal Control over Financial Reporting. The SOC 2 provides a Report on Controls at a Service Organization Relevant to Security, Availability, Processing Integrity, Confidentiality, or Privacy.