User-focused Dashboard

Streamlined, intuitive home page.

• Centralized notifications of all timely lease management and lease accounting decisions supports the active management of hundreds or thousands of leases.
• Role-based user interface utilizing badge icons provide actionable insights into all lease-related items.
• Receive immediate alerts to items that require attention.

Track key dates and clauses, options and contracts

Avoid data overload and ensure lease management compliance through proactive tracking of financial obligations, key dates and clauses, options, contacts and all other critical lease information.

• Monitor expirations, renewals and other KPIs through automated alerts on the My Actions dashboard, ensuring you never miss upcoming key dates.
• Proactively manage each change event including terminations, extensions and asset retirement.
• Track and manage real estate contract obligations: real estate lease agreements, owned property agreements, space use agreements and service level agreements.

Streamline abstraction and manage key lease items from an easy-to-use interface

Capture all required lease data, including key terms and dates, to ensure compliance with all lease terms and lease accounting regulations.

• Automatically capture basic lease details and handle default calculations, including pro rata share.
• Support everything from a basic abstraction of key dates and dollars to a more detailed and thorough abstraction.
• Set up rent and other periodic expenses with full flexibility regarding payment frequency, multi-currency support, and automated sales and value-added tax calculations.

Ensure regulatory compliance by recording the who, what and when

Lease accounting software built from the ground up to comply with the new IFRS, FASB and GASB lease accounting standards and manage all lease types, which including real estate, equipment and embedded leases.

• Approval workflows provide quality assurance checks on abstracts and tiered financial approvals based on client-specific governance and business rules.
• Keep a record of all changes and historical notes from lease inception to termination, including historic value, updated value, and user, date and the time the change was made.
• Amend an approved lease, document the reason and record the historical versus amended state based on amendment type.

Actively track and manage all equipment leases across the enterprise

Centralize management of all equipment leases to mitigate risk, avoid missing critical dates and support compliance to regulatory standards.

• Visibility into lease term, options and expenses will ensure you never miss a key date or status change.
• Consolidate all equipment leases in a central repository for easy reporting and FASB/IFRS/GAASB compliance.
• Built in FASB (840 & 842) testing to determine if the lease is Capital (Finance) or Operating.

Generate rent rolls, manage one-time payments and exceptions

Complete complicated rent and other financial calculations, straight line rent streams, manage and forecast accruals, and automate journal entries while aggressively managing variable expenses.

• Employ full rent roll capabilities inclusive of one-time and recurring payment generation, with the ability to organize leases into specific groups for rent roll generation.
• Calculate and manage straight-line rent schedules while automatically factoring in specific accounting calendars, free rent periods and likely term.
• Review, audit and approve payments prior to interfacing with the accounting system, with full integration to ERP for payments, receivables and journal entries.

Pay only what you owe through template-based reconciliations

Compare landlord invoices to lease terms to avoid overpayments and penalties and ensure effective lease management.

• Easily conduct desktop audits and feed critical data into analytics to provide a portfolio or landlord-level view of expense trends to identify outliers.
• Perform template-enabled desktop audits at the line item level or variance cap to alert when the CAM account total exceeds the user-defined percentage variance.
• Tackle the most complex retail leases, including four different cap on expense scenarios: total cap on the reconciliations period, cap at the line item level, group caps and cumulative caps.
• Contrast current and previous period amounts and calculate percentage change.
• Compare the landlord’s detail bill with the stated lease terms to ensure accuracy and compliance.
• Automatically generate the true up payment or credit once an audit is confirmed and approved.

Simplify tenant/subtenant administration

Proactively manage your subtenant portfolio in your lease accounting software to ensure collection of rent and the ability to stay on top of delinquent accounts.

• Generate sublease invoices, including CAM obligations.
• Track invoices and receipts for each subtenant.
• Report on aged delinquencies and posting credits to accounts receivable systems.

Classify your leases properly to ensure conformity to FASB ASC 842, IFRS 16 and GASB 87

Leverage built-in lease classification questions and functionality to identify the classification type (finance vs. operating) to support FASB/IFRS/GASB compliance.

• Support the standards requirement to bifurcate real estate leases by easily identifying and managing bifurcation schedules on a single lease record.
• Establish balance sheet entries to set up right-of-use assets for each lease.

Best lease accounting software to transform raw lease data into actionable insights

Harness market knowledge, monitor lease metrics and track key space and occupancy indicators in real-time.

• Supports real time reporting and contains several pre-configured reports along with ad hoc report creation capabilities.
• Equip managers to make better decisions with real time information through pre-configured and ad hoc reporting.
• Employ rich, out-of-the-box reports to keep a pulse on fixed and variable occupancy costs, variances in landlord charges and geography-specific nuances.
• Provide standard footnote disclosures to support both FASB-840 and FASB-842 standards.
• Spot patterns, trends and correlations utilizing a robust self-serve business intelligence suite of products, including ad hoc data analysis and visualization.
• Connect lease analytics and mapping to provide richer information for accurate decision making.