Soft4LesseeSoft4LesseeSoft4LesseeSoft4Lessee
  • Product Tour
    • First Column
      • Data Import / Export
      • Lease Agreement Data Management
      • Reports for IFRS 16 Presentation and Disclosures
      • Accounting for Lease Liability
      • Accounting for right of use asset
    • Second Column
      • Handling of Non-lease component
      • Managing Lease Modifications
      • Lease status management
      • Assessment of the Lease Term
      • Re-measurement
    • Third Column
      • Variable Leases
      • General Ledger integration
      • Sub-leases and Lease-in lease-out scenario
      • Parallel accounting under IAS 17 standard
      • Managing the multi-company businesses
  • Standards
    • IFRS 16 lease accounting software
    • ASC 842 lease accounting software
    • AASB 16 lease accounting software
  • Why choose us?
    • About us
    • Our team
    • Working with us
    • Meet our customers
    • References
  • Pricing
  • Resources
    • Blog
    • Events
    • Downloads
    • Roadmap
    • FAQ
  • Become partner
  • Contact Us
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    • Get free trial
    • Watch guided demo
    • Watch how to videos
    • Request a live demo
  • Homepage | Soft4Lessee
    Manage your transition
    with all-in-one
    lease accounting solution
    standard
    IFRS 16 / ASC 842
    GET FREE TRIAL
    to
Data consistency | Soft4Lessee

Staying compliant

Comply with new and existing lease accounting standards. Whether you have 100 or 3,000+ agreements – Soft4Lessee can help you manage your lease accounting effectively.

Rapid start | Soft4Lessee

Instant start

Start today with Soft4Lessee subscription-based model (SaaS) hosted in Cloud or enjoy the freedom of custom development with a purchased license.

Flexible | Soft4Lessee

Flexible

Can be developed and adjusted if needed –  grow at your own pace. Available on-premises or as a monthly subscription in the cloud.

Easy to learn and use | Logo | Soft4Lessee

Trusted platform

Powered by Microsoft Dynamics NAV. Grow your business on a single, secure and scalable platform.

Manage your transition to IFRS 16/ AASB 16/ ASC 842 lease accounting standard

Transitioning from old accounting standards into the new IFRS 16, AASB 16 and ASC 842 provides numerous challenges for businesses. New regulations, more data that needs to be collected and processed as well as more complex duties for accountants that need to be carried out. However, instead of struggling with outdated lease calculators, opt for precise, professional and user-friendly lease accounting software for IFRS 16, AASB 16 and ASC 842 standards.

Our lease accounting software is able to do many things and offers tremendous versatility and flexibility to your business. For both SaaS and other types of businesses, the Soft4Lessee accounting solution helps your business do lease management accounting quicker, cheaper and with much less struggle.

With our software, you can automate a lot of processes, seamlessly import and export data from and into Microsoft Excel, integrate files of XML and other formats. Our software is tailor-made to suit the needs of modern-day businesses that are looking to simplify lease accounting and making it much more manageable for their accounting staff.

The application is developed to help reduce the workload of accounting staff. Soft4Lessee accounting software can generate reports almost instantly, gather, collect and manage vast databases of information, calculate numbers like lease payments, commission fees, RoU asset value and much more.

Watch our guided tour (demo) to get a better sense of how our all-in-one lease accounting solution works. This software is trusted by numerous businesses from around the globe!

What can you do with Soft4Lessee?

Manage your transition to the IFRS 16/ ASC 842/ AASB 16 standard without a headache

Data import export | Soft4Lessee

Data Import / Export

Import and export to/from other systems, using one of the following methods (or combination of methods): webservice, Excel files, XML files. Soft4Lessee can interface with other asset management, contract management systems, the general ledger system, and the management reporting system.

Lease agreement data management | Soft4Lessee

Lease Agreement Data Management

Have a database of your lease agreements, with three major statuses – new agreements under consideration, active leases, and archived leases (expired, or terminated early). Import data from Excel sheets or XML data files, or populate data via webservice.

Re-Mesurement | Soft4Lessee

Re-measurement

As circumstances change, the system can calculate adjustments to lease liability and right-of-use asset value, and produce G/L postings accordingly.

Asset depreciation management | Soft4Lessee

Reports for IFR16 Presentation and Disclosures

Get ready reports which you need for your financial reporting and prepare additional information for IFRS16 disclosures.

Lease liability management | Soft4Lessee

Accounting for Lease Liability

Calculate lease liability as the present value of lease payments, and the present value of amounts due at the end of the lease term, considering purchase or termination options. The system will automatically adjust lease liability as the circumstances change.

Value of right to use | Logo | Soft4Lessee

Accounting for right of use asset

Calculate RoU Asset value considering lease liability, costs before lease commencement and the expected cost of asset return (e.g. costs of equipment dismantling, costs of restoring leased premises). If the lease liability is re-assessed, the RoU asset value changes accordingly.

SEE MORE FEATURES

Even more great features. Check them out:

WATCH GUIDED TOUR

Accounting Standards

Select the lease accounting standard:

IFRS 16 software

IFRS16 | Logo | Soft4Lessee

Under IFRS 16 businesses with large portfolios of operating leases will be impacted by the change in IFRS 16 lease accounting standards, as the new standard require lessees to recognize assets and liabilities arising from operating leases on the balance sheet. Get ready to meet the requirements and stay compliant with the standard with Soft4Lessee.

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ASC 842 software

ASC842 | Logo | Soft4Lessee

US GAAP standard ASC 842 will comes into effect on 1 January 2019. Companies, having large portfolios of operating leases will be influenced by this change as the standard requires all assets and liabilities regarding operating leases be presented on the balance sheet. Get ready to meet the requirements and stay compliant with the standard with Soft4Lessee.

LEARN MORE

AASB 16 software

AASB 16 software | Soft4Lessee

AASB 16 introduces a single lessee accounting model requiring lessees to recognize all leases on the balance sheet, except for short-term leases and leases of low-value assets. This Standard applies to annual reporting periods beginning on or after 1 January 2019. AASB 16 is equivalent to IFRS 16 with extra paragraphs on Leasing Treatment for Non-Profit Entities. Stay compliant with the new standard with Soft4Lessee.

LEARN MORE

Talk to our expert about choosing IFRS 16/ ASC 842/ AASB 16 transition options

LET’S CHAT

50+ Projects Completed Across the Globe

Cavotec | Logo | Soft4Lessee
dcg
UES | Logo | Soft4Lessee
EUnetworks | Logo | Soft4Lessee
B2HOLDING | Logo | Soft4Lessee
Rentokil Initial | Logo | Soft4Lessee
Nikon | Logo | Soft4Lessee
XING | Logo | Soft4Lessee
Quenos | Logo | Soft4Lessee
Basefitch Wir sind Fitness | Logo | Soft4Lessee
We life without barriers | Soft4Lessee
Border express | Logo | Soft4Lessee
Milestone | Logo | Soft4Lessee
Monadelphous | Soft4Lessee
Vietnamobile | Logo | Soft4Lessee
Yusen Logistics | Logo | Soft4Lessee
OASIS investments | Logo | Soft4Lessee
CK HUTCHISON | Logo | Soft4Lessee
“By comparing several providers we decided to choose SOFT4Lessee. SOFT4 offered customized solutions while the team was always responsive and dedicated to meet our requirements from the start. The system itself we find quite intuitive and the features cover all our needs.”
Christian Räbiger
Group Controller, SR Technics Switzerland
SR Technics | Logo | Soft4Lessee
“It was a pleasure to work with Soft4 team. The project went very smoothly and the time schedule was perfectly met. All Soft4 contact persons were very friendly, helpful and had a good expertise regarding IFRS 16 accounting rules. Furthermore, we like to highlight the short response time, which is very helpful during the implementation period.”
Berit Schütte
Manager Accounting at XING SE, Germany.
Berit Schutte | Manager Accounting at XING SE | Soft4Lessee
“It has been so nice working with the Soft4 team on the Vietnamobile project, from the contract negotiation to the Soft4Lessee system implementation so far. Our Vietnam team finds Soft4Lessee is very helpful and efficient in executing the implementation, particularly Linas who has been helping us solving many practical issues throughout the implementation. As to the product, the Soft4Lessee solution plus some additional features added to the system for local requirements, satisfies our needs for this new accounting and reporting compliance.”
Paul Lok
Regional Senior Manager – Telecommunications Management Reporting, Systems and Compliance CK Hutchison Holdings Limited
CK HUTCHISON | Logo | Soft4Lessee
“We chose Soft4 and Soft4Lessee because, currently, we are using Microsoft Dynamics 365 as our financial tool for reporting and Soft4Lessee is set up on the same Microsoft Dynamics platform, so we thought it was going to be easy for any future interface/integration. Soft4Lessee is great, user-friendly and very cost-effective which can fulfill our requirements. We are very happy with the Soft4 team, they are very polite, friendly, cooperative and they helped us through the data setup process without any trouble.”
Mittal Amin
Business & Financial Analyst, Yusen Logistics Australia Pty Ltd.
Yusen Logistics | Logo | Soft4Lessee
“During our evaluation process, we found SOFT4Lessee as the most matured product in comparison to others. It was suitable for us to start our journey into IFRS 16 compliance. The user friendliness, easy navigation, compatibility with Excel – all add to the nice end-user experience. The SOFT4 team is very knowledgeable, not only on the product but on the IFRS16 standard as well. They have been very professional in all their deliverables. We would like to acknowledge Linas for his contribution and support whenever we needed.”
MN Chaturvedi
Director IT, Oasis Investment Co. L.L.C.
Oasis | Logo | Soft4Lessee

Check out other SOFT4 products

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Factoring

Software for recourse and non-recourse factoring companies.
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Leasing

All-in-one leasing software for automotive, equipment and real estate leasing industries.
LEARN MORE
Soft4RealEstate | Logo | Soft4Lessee

Property Management

Software for commercial property management companies.
LEARN MORE
Microsoft Gold Partner | Logo | Soft4Lessee
Available onMicrosoft AppSource | Logo | Soft4Lessee
Microsoft Dynamics 365 | Logo | Soft4Lessee
Microsoft Dynamics Certified | Logo | Soft4Lessee
Capterra | Logo | Soft4Lessee
ACCA | Logo | Soft4Lessee
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  • Product Tour
  • Accounting Standards
  • About Us
  • Pricing
  • Contact Us
  • Become partner
© 2019 Soft4Lessee
  • Product Tour
    • Data Import / Export
    • Sub-leases and Lease-in lease-out scenario
    • Handling of Non-lease component
    • Assessment of the Lease Term
    • Reports for IFRS 16 Presentation and Disclosures
    • Lease Agreement Data Management
    • Accounting for Lease Liability
    • Managing Lease Modifications
    • Lessor management
    • Variable Leases
    • Accounting for right of use asset
    • Lease status management
    • Re-measurement
  • Accounting Standards
    • ASC 842 lease accounting software
    • IFRS 16 lease accounting software
    • AASB 16 lease accounting software
  • Pricing
  • Why choose us?
    • About Us
    • Our Team
    • Working with us
    • Meet Our Customers
    • Become a partner
    • References
  • Resources
    • Blog
    • Downloads
    • Roadmap
    • Events
    • FAQ
  • Contact Us
  • Try Free
    • Get free trial
    • Watch guided demo
    • Request a live demo
Soft4Lessee
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