Accomplish more with new SOFT4Lessee features
The new Spring 2020 release has arrived! SOFT4Lessee core functionality has not changed; it has been proven in 60+ projects implemented worldwide and has been assessed by auditors from all the BIG 4 (PricewaterhouseCoopers, Deloitte, Ernst & Young, and KPMG) audit companies. In this release we have included improvements (payment schedules and sub-lease accounting) related to user experience – so you could get your needed data faster and easier; those are not mandatory for IFRS 16 disclosures, but are highly valuable internally in your unified lease accounting process management.
Take a look at the key highlights of the SOFT4Lessee Spring 2020 release
SOFT4Lessee now allows the user to choose a prorated payment schedule calculation method (based on the option selected in Lease Setup). The prorated payment schedule calculates the first and last payment based on the number of days in the period.
SOFT4Lessee now has a separate IAS17 expense projection for when you apply IFRS 16 at group reporting level and need parallel accounting under the old IAS17 standard.
SOFT4Lessee can be used for operating sub-lease accounting. Operating a sub-lease revenue projection will now help you to recognize your revenue in a straight-line method.
SOFT4Lessee can now account for sub-leases in a foreign currency. Gain/Loss on receivable revaluation will be calculated automatically.
Microsoft Dynamics 365 Business Central Roadmap
SOFT4Lessee is already upgraded to Microsoft Dynamics 365 Business Central
Why our clients love SOFT4Lessee
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. I have implemented many solutions over the years where I felt the provider wasn’t as confident in their accounting understanding as they were on the mechanics of their solution. I felt SOFT4 has both tech and accounting comprehension in bundles.
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. SOFT4Lessee can be integrated with Microsoft Dynamics NAV/Business Central or used as a standalone model. It is the only software that offers the ability to handle both simple and complex subleases. The level of detail provided by SOFT4Lessee is impressive and instills confidence in its ability to deliver what is needed. The software is highly professional and reasonably priced.
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.
It was a pleasure to work with SOFT4 team. The project went very smoothly and the time schedule was perfectly met. All SOFT4 contact people 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.
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.
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.
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.