Advantage Leased Assets

About Advantage Leased Assets

Advantage Leased Assets is a cloud-based lease management solution designed to help enterprises track, calculate, and manage leased assets, in order to ensure compliance with state and federal standards. The platform enables organizations to handle tax calculations for managing right-of-use and liabilities. Advantage Leased Assets includes a centralized spreadsheet, which allows organizations to upload existing spreadsheets, manage access permissions, and monitor audits. The lease classification system helps administrators streamline adoption and transition processes for financial leases. Advantage Leased Assets also comes with automatic calculation capabilities, which assist managers with handling various accounting operations such as profit and loss statements, investment tax credit, bonus depreciation, and disposals. The Advantage Leased Assets audit trail functionality enables businesses to track changes and maintain usage and maintenance history for future reference. The reporting module enables businesses to gain insight into asset performance via access to payment data, amortization schedules, and disclosures. Plus, it supports integration with various third-party systems such as enterprise resource planning (ERP), general ledger and accounts payable tools.