Lease Management
EZLease streamlines lease accounting with fast, intuitive tools that ensure accurate compliance, boost efficiency, and provide real-time, audit-ready reporting.
Lease Accounting
Automate Lease Accounting for Simplified Close & Compliance
Centralized DataAutomated ReportsTailored Guidance
Audit-Ready Close - Make your close process more efficient with complete push-button disclosures, trial balance, roll-forward, and cause of change reports.
Asset-Level Data - Keep up with leasing changes with centralized, asset-level data. Maintain compliance through all modifications, from impairments to rate changes.
Automated Compliance - Simplify compliance by automatically meeting requirements for ASC 842, IFRS 16, and GASB standards with reliable accuracy.
Products
Solutions That Simplify Lease Accounting
The Cost of Ignoring Smarter Lease Tools
Overwhelming Data Fragmentation
Scattered lease data across disconnected systems, spreadsheets, and platforms creates inefficiencies. This fragmented approach can cause delays, inconsistent reporting, and missed growth opportunities due to inadequate insights.
Burden of Error-Prone Processes
Manual compliance checks, calculations, and reporting are not only time-consuming but also prone to human errors. These inaccuracies can lead to audit complications, financial discrepancies, and reputational risks for your organization.
Consequences of Missed Deadlines
Without centralized tracking, lease obligations such as renewals and payments are easily overlooked, resulting in late fees, unexpected costs, and penalties. This also jeopardizes compliance and strains operational efficiency.
Use Cases
Reimagine What's Possible With Advanced Lease Accounting
Work Smarter With Automated Tools
LeaseAccelerator automates lease management workflows, removing the burden of time-consuming manual tasks like rent calculations, renewal negotiations, and compliance tracking. Its advanced automation not only saves your team valuable time but also ensures greater accuracy and efficiency. By streamlining these processes, LeaseAccelerator empowers your team to redirect their focus toward strategic financial initiatives, improving decision-making and fostering long-term business growth.
Results
18%
Reduction in evergreen payments
20%
Reduction in manual lease due diligence
7%
Reduction in time to close lease accounting books
Achieve Error-Free Financial Reporting
EZLease delivers precise, automatically validated financial disclosures that simplify compliance with ASC 842, IFRS 16, and GASB standards. This feature significantly minimizes the risks of human errors and inaccuracies often associated with manual lease accounting. By providing reliable compliance reporting tailored for both global and local regulations, EZLease offers peace of mind during audits and provides the necessary tools for your team to maintain a steady, consistent lease accounting process.
Results
18%
Reduction in evergreen payments
20%
Reduction in manual lease due diligence
7%
Reduction in time to close lease accounting books
Fast Implementation for Immediate Results
With EZLease’s intuitive user interface and LeaseAccelerator’s scalability, your team can quickly adopt these solutions and experience a smooth transition. Both tools are designed with ease of use and rapid deployment in mind – EZLease allows for quick implementation, while LeaseAccelerator’s robust onboarding process ensures compatibility with intricate business needs. Together, they help you achieve operational readiness and compliance within hours, fostering seamless integration with minimal disruption.
Results
18%
Reduction in evergreen payments
20%
Reduction in manual lease due diligence
7%
Reduction in time to close lease accounting books
How to Automate the Lease Accounting Monthly Close
Read our whitepaper on automating the lease accounting monthly close and reap the full financial and business benefits of leasing. We discuss ways to make the monthly close process more efficient and accurate with lease lifecycle automation.
Frequently Asked Questions
What is lease accounting compliance?
It ensures companies adhere to lease accounting standards like ASC 842, IFRS 16, or GASB, avoiding penalties.
How do these solutions help with compliance?
They automate reporting, data validation, and tracking, making compliance with standards accurate and effortless.
Can these tools integrate with our system?
Yes, they offer integrations with major ERP systems like SAP and Oracle for seamless data management.
How quickly can we implement the solutions?
Setup is fast—some solutions can be implemented in hours, allowing you to get compliant and operational quickly.
Do the tools support multi-entity management?
Yes, they scale to manage leases across multiple companies and entities, all from one platform.
What industries benefit from these solutions?
These tools fit industries like manufacturing, healthcare, retail, and more, especially those with equipment-heavy operations.
Can these solutions handle global standards?
Yes, they support standards like ASC 842, IFRS 16, and GASB, with tools suited for international financial reporting.
What reporting capabilities are included?
Generate detailed, audit-ready reports, including disclosures, summaries, and classifications, simplifying audits.
Is support available post-implementation?
Absolutely. Expert customer support, training videos, and step-by-step guides are provided.