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Comprehensive lease accounting software for real estate and equipment leases

A fully integrated solution for the new IASB and FASB standards

Ensure compliance using software specially designed to manage your real estate leases

Our real estate solutions have always operated to ensure compliance with core accounting and financial reporting regulations, including IAS 17 and the new FASB ASC 842 and IASB IFRS 16 standards.

We have designed our lease accounting solution as an integrated part of the real estate system, not a separate tool.

This means that by using our software, businesses can automate calculations that are otherwise time-consuming, prone to error and difficult to audit in a spreadsheet or separate software approach.

Ultimately, businesses should view IFRS 16 and ASC 842 as a great opportunity to get their house in order and cleanse lease data held within legacy applications.

Ultimately, businesses should view IFRS 16 and FASB Topic 842 as a great opportunity to get their house in order and cleanse data held within legacy client applications.

  • Handle both IASB and FASB calculations simultaneously.
  • Easily generate lease capitalisation and disclosure reports.
  • Run lease classification tests.
  • Ensure that data is captured at source, eliminating the need for multiple entries.
  • Guarantee accurate exchange of information between property and finance.
  • A single source for all current, newly signed and planned leases, including lease terms, financial details and potential changes.
  • Easily import revised lease abstracts to ensure the accuracy of information.
  • Model both full retrospective and modified retrospective option A and option B, and see what impact these have on the balance sheet.
  • Collaborate effectively with service providers on all lease accounting data.

Lease accounting functionality at a glance

Our solution addresses the latest demands on businesses to meet the new lease accounting standards.

Designed as an open information system, the calculated values can be interfaced through to corporate accounting systems to avoid manual journal creation.

The system uses the standard lease data that has always been captured in our solution. In addition, new fields have been added for capturing discount rates, assumed end dates of the lease (taking into account break clauses and extensions, plus comments to satisfy auditors as to why this date has been chosen), incentives, costs and dilapidations.

  • Automatic recalculations and associated balance sheet adjustments when leasing events require it, such as extensions and terminations.
  • Management of landlord incentives, impairments and dilapidation provisions.
  • Management of transitional rules.
  • New disclosure reports providing details of right-of-use assets, interest, amortisation, cash flow and weighted terms.
  • Alert functionality for notifications when critical information changes. Finance can also be notified when a new lease is under negotiation.
  • Scenario modelling of new leases to aid decision-making when considering the impact of new contracts on the balance sheet.
  • Standard API to corporate ERP for lease payment and receivables.
  • Equipment and fixed asset leasing functionality.
  • Assisting with SOX compliance.

Personalise

Configure your software for a single,
personalised view of properties, priorities
and performance.

Analyse

Proactively manage your real estate
portfolio and analyse business
information

Prioritise

Assess the urgency of tasks
and prioritise them to ensure
you never miss a date.

SaaS Native web-developed SaaS solution, accessed easily just using a browser.
Security We hold the ISO 27001:2013 security certification for our Qube Horizon SaaS product.
Business Intelligence Business Intelligence on every screen to optimise performance.
Automate Streamline and automate your lease management and FM processes.

Would you like to learn more?

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