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Soft4Lessee

Name: Soft4Lessee
Rating: 4.5 (2 reviews)

By Soft4Lessee

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Highlights : About Soft4Lessee

Maintenance Management

Lease Classification

Expense Management

About Soft4Lessee

SOFT4Lessee is a lease accounting platform designed to help businesses manage their lease contracts and accounting whilst also transitioning and adhering to the accounting standards ASC 842/ IFRS 16/ AASB 16. The tool, which can be purchased as a monthly cloud subscription or full license, allows users to maintain compliance and meet all of the latest requirements. SOFT4Lessee offers a range of features for lease accounting including data import and export, lease agreement data management, lease re-measurements, lease status management, and more. With SOFT4Lessee businesses can manage lease liability, right of use (RoU) assets, non-lease components, variable leases, and more within one centralized system. Lease accountants can import and export data to and from connected systems and SOFT4Lessee integrates with various external platforms including asset management systems, contract management systems, and general ledger platforms. Users can manage lease agreements and store them in an integrated database, and can re-measure and modify leases automatically as needed using tools such as liability calculations and right-of-use assets. Other SOFT4Lessee features include financial reporting, the ability to track lease statuses in real time, and management of lease variables such as price indexes, interest rates, and more.

Specifications

24/7 Support

Yes

Business Size

Mid-Market

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Amortization Schedule

Budgeting & Forecasting

Commercial Leases

Commercial Properties

Expense Management

Lease Classification

Maintenance Management

Property Management

Sublease Management

Benefits

Staying compliant: comply with lease accounting standards so you can manage your lease accounting effectively.

Save hours on lease data import and safely transit from old software/spreadsheets.

Manage accounting for lease liability.

Calculate lease liability and present lease liabilities on the balance sheet.

Perform various ASC 842/ IFRS 16/ AASB 16 related calculations.

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