How We Can Help

Whether you're a lessor or a lessee, your company will be impacted by the changes.

• As a lessor, the practice of classifying leases will remain similar — finance lease or operating lease — but the revenue recognition guidelines are changing.

• As a lessee, your leases will become on-balance sheet liabilities, changing the way your company's assets and debt appear in your accounting books. Among other areas of impact, the pattern of recognizing expenses will also change.

Wider areas of business impact are certain, especially in key reporting metrics for companies with large lease portfolios. You can use this time as a perfect opportunity to make improvements to your end-to-end lease administration and management processes.

Supported Features

Lease Modeling & Inception

A contract is, or contains, a lease if it conveys the right to control the use of an identified asset for a period of time, in exchange for consideration.

Vendor & Customer Settlements

Integration with procurement and sales process.

Lease Modification & Termination

Full early termination, partial termination, extensions, additional lease assets, consideration changes and sub-lease features are supported

Disclosure & Reporting

This module contains both quantitative and qualitative disclosure requirements. There disclosures form a basis of users of financial statements to assess the effect belong to leases on the financial statements.

Capabilities that Set Us Apart

• User-case driven rules engine that eliminates the need for user intervention

• Auto-generated financial reporting and disclosure information to meet any industry standard compliance requirement.

• Multi-currency calculation and parallel ledger support

• Customizable data view for unlimited business purpose such as project management and lease assessment.