Best Lease Accounting Software of 2024

Fortune 1000 companies have a reason to trust Nakisa Lease Administration with their lease accounting and compliance. Global companies seek finance software that excels in accounting practices, guarantees control and accessibility, and achieves accuracy and completeness of financial data. Nakisa Lease Administration exceeds this requirement. It offers a flexible, scalable platform for large lease portfolios that have diverse assets, complex terms, and high levels of activity. Centralize the accounting operations of your lessees and lessors. ERP integration makes data reconciliation easy. Nakisa Lease Administration is capable of handling any contract with tangible leased assets from inception through termination. Our solution is fully scalable and delivered as a web-based SaaS application. This reduces deployment time and adoption time.

Corporate Lease Manager. A comprehensive lease management solution can help you increase efficiency, improve compliance, and reduce risk. Corporate Lease Manager gives you access to all lease data and functionality. All the features of Corporate Lease Manager are now available in one platform. Lease Accounting. Yardi is trusted by more than 5,000 real estate companies. Yardi offers real estate accounting expertise to corporate occupiers. Corporate Lease Manager is built on our best-in class real estate accounting platform. It helps you comply with FASB ASC 8422/IFRS 16 reporting guidelines and calculate present value and amortization plans, generate payables, journal entries, and process payments all from one platform. Lease Management. A simple interface that allows you to manage your entire lease portfolio. All your equipment and real estate leases can be managed.

Trullion is an AI accounting oversight platform that automates data management, streamlines audits, and ensures accurate reporting across accounting workflows. Trullion leverages the best data infrastructure and AI models into a single source of accounting truth that also offers specialized modules for key accounting roles. Teams in areas like lease accounting, revenue recognition, and auditing can access the platform using a tailored UI while maintaining 100% confidence that their data is accurate and uniform across all relevant stakeholders. Using Trullion, accounting teams automate tedious manual work—reading contracts, recording terms, collecting data for audits, verifying the accuracy of their numbers, and reporting. Trullion reads Excel or PDF-based contracts and converts them into financial workflows that are connected to the data source. AI automatically detects and extracts important data from these agreements, and creates auditable journal entries. Accounting teams and auditors work faster with confidence, finance executives trust the results, and everyone operates from a single source of truth with Trullion.

Black Owl assists finance leaders in public and private companies to reduce compliance risks with ASC 842/IFRS 16 and save money by allowing them to complete lease accounting more quickly and accurately. Our system was built from the ground up to make it as easy as possible. There are no extra steps or clicks, but the system is comprehensive and complete. This will allow you to manage your leases efficiently and comply with IFRS and US GAAP. Our solution is designed to be compliant with leading accounting practices and financial reporting standards. However, it allows you to record and reconcile all lease entries and adjustments. You are currently tracking leases using Excel. You want a more robust and easy-to-use lease accounting system. We can help you streamline your existing lease accounting system and reduce compliance costs.

A.L.S. A.L.S. provides a companion product for the lease accounting system to manage your in-house loans portfolio. It has the same robust features and features as our lease accounting systems. On-site training and customer support. The Advanced Loan Accounting System, like all our products, is accurate, efficient, and user-friendly. Real world solutions at affordable prices. Our software solutions can be used by credit unions, banks, credit cooperatives, independent leasing companies as well as BHPH / LHPH businesses and vehicle dealerships throughout the United States. A.L.S. A.L.S. offers two options for the Lease Accounting and Management System. Both can be customized to your needs and budget. The Lite version of our complete software solution includes all the essential components and is affordable for anyone who has a smaller budget. Both options come with outstanding customer service and training on-site.

Progen is a commercial lease and property management software that includes full accounting functionality, including IFRS 16. It is configurable to fit any industry or organisation structure. Our flexible, process-centric software is easy to use and integrates well with all major ERP-systems. Progen can handle complex sub-leasing situations and Landlord and Tenant leases.

MRI's flexible and comprehensive technology platform, coupled with an open and connected ecosystem, meets the unique needs real estate businesses. This includes property-level management and accounting as well as investment modeling and analytics for global commercial and residential markets. MRI is a pioneer in the real estate software industry. It has nearly five decades worth of experience and insight. MRI Software empowers real estate companies to grow their businesses and gain a competitive edge by providing innovative solutions and a rich ecosystem of partners. After CallMaX, ResidentCheck, Tenmast Software, HAB, Inc., and Tenmast Software, ecosystems is MRI Software's fourth acquisition of multifamily software in the last twelve months. This latest acquisition furthers MRI's commitment in the multifamily sector. ecosystems is the leading developer of cloud-based software that is specifically designed for multi-family condos.

LeaseCrunch allows CPA firms, companies and government agencies to address the most difficult aspects of the new lease standard. It is cloud-based, simple, scalable, and automates the required deliverables. LeaseCrunch Verify allows CPA firms to easily audit their clients' lease accounting. LeaseCrunch Verify can help you reduce the time it takes to audit your clients' lease accounting and give you better economies of scale. Low-cost, cost-effective and scalable solutions that can be used for one lease or thousands. You can enter a lease in just three minutes and verify it in minutes. LeaseCrunch was created to simplify the new lease standard for CPA firms and their clients. LeaseCrunch is the most user-friendly lease accounting software available. LeaseCrunch is a simple, yet powerful tool. It's affordable, scalable, and designed for CPA firms. Find out what sets us apart.

ASC842 Compliance and IFRS16 Compliance: Delivered. Bloomberg Tax & Accounting Leased Assets provides complex calculations for right of use assets and lease liabilities and manages all types of leased assets. Our SaaS solution allows for accurate classification, accounting, reporting, and reporting of leased assets according to the new standards IFRS 16 (and ASC 842). Integrate multiple ERP/GL/AP, leasing and other internal systems to streamline your workflow. Your clients can be confident that they comply with IFRS 16 and ASC 842. Automated lease accounting processes increase efficiency and ensure accuracy through comprehensive calculations.

Everything is connected to location, from retail stores to corporate offices. Advanced predictive modelling enabled with artificial intelligence and machine-learning allows you to optimize space and set the right location strategies. Compliance is not an option. Sleep well knowing that the only solution built from the ground up to meet FASB/ IFRS 16/ GAS 87 is the best. SSAE 18 certified, trusted by the biggest companies in the world. Real estate and facilities management is complicated. You need to close deals, build, pay rent, achieve accounting compliance, manage facilities. You can focus on the important things and turn chaos into order. Approve a deal, change orders, pay landlords, and repair or replace assets. Transform data into action using a single version that covers the entire real estate and facility lifecycle. It's easy to manage real estate spend, from deal management through capital projects, lease payment and facilities maintenance. Connect the dots.

ASPIRE, our comprehensive solution for equipment financing, helps you identify your company's problems and constraints. Then it delivers solutions that will propel your company forward. LTi is a leader in providing innovative loan and lease solutions to companies around the world, thanks to our extensive experience in the equipment finance sector. Flexible platform allows for expert configurations to suit a variety business needs and workflows. The CRM allows for lead tracking and territory/opportunity management. The CRM also allows for proposal creation, pipeline coordination, reporting, and reporting. You can manage any type of loan or lease with a flexible structure, a term and/or revolving credit. Termination, real time credit checks and decisions. eSignature, document management, midterm modifications and rollovers. As well as portfolio and asset management. You can stay in compliance with UCC insurance tracking, UCC tax jurisdiction assignment, user and transaction security features.

DebtBook allows finance teams in local government, higher-education, and healthcare to manage their debt and lease portfolios in the cloud. Managers, staff, accountants, lawyers, bankers and consultants all play a role in great debt and lease management. To do their jobs well, each one of them needs accurate and current debt information. You can trust the data used by your team at DebtBook. Forecast future payments for many reasons, including budget, financial planning and disclosure. Rating meetings can also be used. It becomes more difficult when individual loans and leases are paid out of multiple funds or funded by different projects. DebtBook makes it easy to quickly create accurate, customized schedules with no chance of human error.

Occupier helps you to take control of your real property portfolio and identify opportunities throughout your lease lifecycle. Notify your business of important dates such as rent increases, renewal options and security deposit returns. All lease clauses can be gathered, sorted, and filtered. Stop flipping through pages upon pages of lease documentation. This scatter plot takes your total headcount and divides it with your ability to provide the ideal desk ratio in your space. You can approach your business's growth goals with insight. You will be able to close more deals. During the planning phase of lease agreements, analyze rent and square footage comps. To comply with enhanced disclosure requirements, export reports. With an all-in one transaction management platform, you can ensure that you are ready for strategic real estate growth decisions.

Yardi Corom, a cloud-based software platform for corporate tenants and corporate occupiers, allows you to manage and track key lease data and centralize transactions. It also makes it FASB / IFRS and IFRS compliant. This allows you to enable desk hoteling and flexible workplaces. A simple interface that is easy to use and has powerful features that allow you to manage your entire lease portfolio. Yardi is trusted by over 10,000 major real estate companies. It is quick, simple and easy to go from obtaining a requirement to signing your lease. All your leases will be managed by management. Automate RFP management and bid management, including bid-leveling and side-by-side comparisons. Enhance budgeting by integrating end-to-end job forecasting to account for TI space buildouts as well as potential project cost changes.

CoStar's lease accounting software is trusted by more accounting firms and service providers. It allows you to manage and report on real property and equipment in compliance with the new ASC 842/IFRS 16 guidance. No one offers a better, more tested software solution for ASC842 and IFRS 16 than CoStar. CoStar integrates easily with the most popular ERP, accounting, and reconciliation systems to simplify financial reporting, rent payments and month-end close. By avoiding Excel calculations, comprehensive standard, ad-hoc and custom reports can save hours. CoStar provides standard reporting for any portfolio or business unit, as well as calendar periods and currencies. CoStar supports 700+ system integrations. Access CoStar's top commercial real estate data through our lease accounting app to assist with fair market valuations.

MRI ProCalc allows you to create, analyze, and compare any type or buying or leasing scenario. To simplify cash flow analysis and explore the what-ifs, quickly analyze, scrutinize and financially dissect a leasing agreement. To make better decisions, analyze leases and compare the financial impacts of different scenarios from the perspectives of landlords and tenants. This tool is invaluable for real estate professionals involved with the purchase or leasing of commercial, industrial, or retail space. You can find answers to complex questions using goal-seeking functionality. This determines which assumptions will lead to the desired result. MRI ProCalc lease analysis software allows commercial real estate professionals analyze and compare leases from the perspectives of tenants, sublessors landlords or purchasers. Anyone involved in the negotiation of a lease or purchasing property should use lease analysis.

SaaS solutions are specifically designed for CRE occupiers. They use core real estate processes to develop their applications. Use the most current, industry-standard open technology to remove any restrictions or barriers. It is easy to integrate with corporate systems and third-party apps. You have access to a comprehensive and unparalleled software suite that includes fully integrated property, leasing, and facilities management functionality. FASB ASC-842 accounting capabilities allow you to adapt to the new lease accounting standards and their complexities. Flexible corporate real estate software is essential if you are responsible for managing real estate activities within an organization. These include ensuring that basic lease, transaction, and facilities management processes are run correctly and accurately. They also include a responsibility for meeting reporting and accounting requirements.

Transform business logic into AI powered workflows to focus on strategy instead of spreadsheets. Streamline transactions across siloed system and extend your abilities to manage entire transaction chains. Nominal normalizes, aggregates and consolidates data from siloed systems to ensure accurate financial information in one place. Nominal detects and suggests end-to-end transactions, as well as inter-company eliminations, for cleaner, auditable books. Nominal connects with your accounting software as well as the rest of your financial stack. Nominal's twin ledger is a hierarchical, multi-entity GL, which is always in sync, without migration or risk, with all your books. Nominal offers integrations with third-party systems and integrated sub-ledgers that ensure compliance with accounting standards, such as lease accounting or revenue recognition. Use generative AI to automate your unique business processes.

Centralized lease and transaction management, critical dates management and notifications, simplified rental payments, advanced reporting, location mapping, advanced reporting, and notification. To provide a complete portfolio view, lease data can be pulled into other products or populated. Track operating expenses and break down costs and charges to exact levels. Track expirations, renewals and changes in rent payments.