Business Process Management Automation
Lease Solutions for Every Portfolio
Track any type of asset – from real estate to equipment. Automatically classify Finance and Operating leases with our built-in test.
Real estate leases can include hundreds of legal, operational and financial data points, all of which can be tracked in Visual Lease.
Track IT equipment, machinery, fleet vehicles, aircraft, land, medical devices, vineyards and other unique assets.
Provides guidance in calculating the correct useful life and amortization of leased assets.
Aids in the creation of asset and liability balances and calculates straight-line rent expense.
Day Two: Automation
Lease Management: Mid-term events and end-of-term renewals, buyouts, and terminations
Modifications: Tracking of events triggering modifications and reassessments
Disclosure Reporting: Payment schedule, amortization, and maturity analysis reporting
SOX Audits: Electronic audit trail of all activities throughout the lease lifecycle
General Ledger, ERP, and Accounts Payable Integrations
Visual Lease has extensive lease accounting functionality, which allows it to serve as a subledger to your general ledger for lease transactions. In addition, Visual Lease allows for the creation of one-time and recurring journal entries that can be transmitted to your organization’s ERP system.
100% IFRS 16 / NIIS 16 and ASC 842 Compliant
LEASE ACCOUNTING AND LEASE ADMINISTRATION TOGETHER IN ONE SYSTEM
To comply with the new lease accounting standards, many organizations are looking for ways to better manage their lease accounting practices. To meet the needs of both the accounting and the real estate teams, the lease administration and lease accounting applications must work closely together.
Visual Lease provides a lease administration and accounting solution together to ensure all parties are kept informed of decisions that impact them.