Enterprise Lease Accounting Platform
Ensuring compliance with both IFRS16 and Local GAAP for more than 700 corporations
Personalized Lease Accounting
Our lease accounting and lease administration software specifically designed to manage your company’s real estate and equipment leases. Loved by users worldwide, it embeds decades of deep lease management and financial accounting expertise. It is intuitive, easy to use and integrates with all major ERP systems. Recommended by all major global accounting firms, it gives you complete control over your leases and keeps you compliant with IFRS 16 and local GAAP accounting standards.
If you’re looking for a lease administration solution that does more than manage real estate leases, then look no further. As a comprehensive lease accounting software, leverage this tech tool for everything from payment or lease structure management, to business intelligence reports that provide you with the information you need to make informed decisions now, and in the future.
Check out some of the industry-changing features embedded in our software solution below.
Manage company real estate leases
Manage company equipment leases
Access the software anywhere, anytime
Benefit from an integration capability with all major ERP systems
Guaranteed compliance with US GAAP and international IFRS 16 standards
Access cloud-technology for seamless access worldwide
Generate Customized reports
Leverage business intelligence intel and analytics
Manage payment audits
We made this software with a variety of industries in mind. If you work in:
Manufacturing and logistics
And so forth, then this accounting software will seamlessly integrate into your lease management structure. Due to its versatile compatibility, our software can also be used between departments and factions within corporations and multi-national networks.
For the global community, we guarantee IFRS 16 compliance within our software solution. This permanent change is coming quickly, which means it’s time to migrate data, streamline lease abstraction, classify leases, perform required calculations, and do it all within a manageable timeline.
We help you maintain compliance through:
Data migration services in native languages
Required calculations for lease classifications
Journal entry creation for multiple GL systems
Real-time excel reports you can share with your team
It’s time to outsource financial lease management to a software that will understand your company better than you do. Let technology into the equation with Visual Lease today.
Day One: Compliance
Support for both IFRS 16 and local GAAP (ASC 842)
Global Standards: Multiple parallel set-of-books reporting for IFRS and local GAAP.
Asset-Level: Journal entries to support complex equipment leasing scenarios
ERP Upload: Integration with SAP and Oracle general ledger, AP, and fixed asset systems
Financial Reporting: Push-button reporting for SEC 10-K filings and disclosures
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
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 our software.
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.
General Ledger, ERP, and Accounts Payable Integrations
We have extensive lease accounting functionality, which allows it to serve as a subledger to your general ledger for lease transactions. In addition, we allow 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.
Our software provides a lease administration and accounting solution together to ensure all parties are kept informed of decisions that impact them.