Be in control with lease status management
SOFT4Lessee assesses lease terms by considering contractual periods, renewal options, and termination possibilities to calculate lease liabilities and automatically performs remeasurement when circumstances change.
Lease term assessment
SOFT4Lessee helps to assess the lease term, taking into account:
The contractual lease term
The non-cancellable period
Lease renewal/extension options the lessee is reasonably certain to exercise
Early termination options the lessee is reasonably certain to exercise
The estimated term becomes the base for lease liability calculation. When circumstances change and the lessee reassesses lease extension or termination options at any point in time, the system performs a remeasurement to the lease liability accordingly.
Remeasurement and Right-of-Use asset impact
SOFT4Lessee automatically performs remeasurement when asset values or foreign currency amounts need re-evaluation, helping you to maintain accurate balance sheet records and recognize potential deductible losses.
In addition, the system aligns the depreciation term for right-of-use assets with the estimated lease term (unless title ownership is obtained), and automatically adjusts both when lease term reassessments occur.
We support your chosen
lease accounting standard
Focus on financial planning instead of compliance complexities - we're here for that.
Have questions?
We support your chosen
lease accounting standard
Focus on financial planning instead of compliance complexities - we're here for that.
Have questions?
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I would recommend SOFT4Lessee. It is very robust software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
Frequently asked questions
Can you integrate SOFT4Lessee with another ERP (accounting) software?
Does SOFT4Lessee handle both lessee and lessor aspects of the lease accounting standards?
How long does it take to start using SOFT4Lessee?
Will I be able to upload lease information from Excel for the initial transition?
Does SOFT4Lessee handle multi-currency functionality?
Still have questions? Just ask our team
Frequently asked questions
Can you integrate SOFT4Lessee with another ERP (accounting) software?
Does SOFT4Lessee handle both lessee and lessor aspects of the lease accounting standards?
How long does it take to start using SOFT4Lessee?
Will I be able to upload lease information from Excel for the initial transition?
Does SOFT4Lessee handle multi-currency functionality?
Still have questions? Just ask our team
Be in control with lease status management
SOFT4Lessee assesses lease terms by considering contractual periods, renewal options, and termination possibilities to calculate lease liabilities and automatically performs remeasurement when circumstances change.
Lease term assessment
SOFT4Lessee helps to assess the lease term, taking into account:
The contractual lease term
The non-cancellable period
Lease renewal/extension options the lessee is reasonably certain to exercise
Early termination options the lessee is reasonably certain to exercise
The estimated term becomes the base for lease liability calculation. When circumstances change and the lessee reassesses lease extension or termination options at any point in time, the system performs a remeasurement to the lease liability accordingly.
Remeasurement and Right-of-Use asset impact
SOFT4Lessee automatically performs remeasurement when asset values or foreign currency amounts need re-evaluation, helping you to maintain accurate balance sheet records and recognize potential deductible losses.
In addition, the system aligns the depreciation term for right-of-use assets with the estimated lease term (unless title ownership is obtained), and automatically adjusts both when lease term reassessments occur.
We support your chosen lease accounting standard
Focus on financial planning instead of compliance complexities - we're here for that.
Have questions?
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I definitely would recommend SOFT4Lessee, as it’s a bug-free solution that addresses the accounting regulations and implementation team members are not just techy but understand what’s required from a regulation point of view within the disclosures and accounting entries.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I definitely would recommend SOFT4Lessee, as it’s a bug-free solution that addresses the accounting regulations and implementation team members are not just techy but understand what’s required from a regulation point of view within the disclosures and accounting entries.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I definitely would recommend SOFT4Lessee, as it’s a bug-free solution that addresses the accounting regulations and implementation team members are not just techy but understand what’s required from a regulation point of view within the disclosures and accounting entries.
Craig Gallacher, Head of transactional finance and systems for ENVA
I would recommend SOFT4Lessee. It is a very robust piece of software regardless of how simple or complicated your leases are. The customer service team, support, and implementation teams are fantastic.
Adria Wright, Staff Accountant, d&b audiotechnik
I definitely would recommend SOFT4Lessee, as it’s a bug-free solution that addresses the accounting regulations and implementation team members are not just techy but understand what’s required from a regulation point of view within the disclosures and accounting entries.
Craig Gallacher, Head of transactional finance and systems for ENVA
Frequently asked questions
Can you integrate SOFT4Lessee with another ERP (accounting) software?
Does SOFT4Lessee handle both lessee and lessor aspects of the lease accounting standards?
How long does it take to start using SOFT4Lessee?
Will I be able to upload lease information from Excel for the initial transition?
Does SOFT4Lessee handle multi-currency functionality?
Still have questions? Just ask our team
Simplify your lease compliance
Simplify your lease compliance
Simplify your lease compliance