SOFT4 Lease accounting

A software for lease accounting under the new accounting standard IFRS 16 (International), AASB 16 (Australia), ASC 842 (USA), allowing companies to manage the transition to the new lease accounting regulations and stay compliant easily and quickly.

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Manage your transition to the IFRS 16/ ASC 842/ AASB 16 standard

With all-in-one lease accounting solution

SOFT4Lessee includes:

Import and export to/from other systems.
Lease agreement data management.
Re-measurement as circumstances change.
Reports for IFR16 presentation and disclosures.
Accounting for lease liability.
Accounting for right of use asset.
Handling of non-lease component.

Implementation

Average length of implementation two to four weeks.
Both cloud and on-premises options.
Can be used as a stand-alone solution or can be integrated with any other ERP system.

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 IFRS 16 related calculations.
Manage variable leases as per IFRS16 requirements.
Prepare reports for IFRS 16/ AASB 16/ ASC 842 presentation and disclosures in just a few clicks.
Seamlessly integrate with other systems for lease data input and G/L output, such as SAP, Oracle, Sage, Xero, F&O and others.
Multi-company and multi-currencies functions.
Manage the challenges of dual reporting: calculate and post to General Ledger expenses as per previous IAS 17 standard.

Do you have any questions? Each company has different processes and needs, so let's talk about yours.

Soft4Lessee

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Microsoft Dynamics NAV has been fully localized in compliance with laws of the Republic of Lithuania, translated into Lithuanian and is Certified for Microsoft Dynamics, which signifies that the solution has met the highest standard for partner-developed software.

300+ customers worldwide

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