Get ready for the lease accounting changes with trusted ASC 842 software

What can you do with SOFT4lessee?

SOFT4Lessee is a software solution for lease accounting under ASC 842 accounting standard. 

Businesses with large portfolios of operating leases (properties, vehicles, equipment) will be impacted by the change in accounting standards, as the new standards require lessees to recognize assets and liabilities arising from operating leases on the balance sheet.

SOFT4Lessee will help your business to:

  • Plan the transition to the ASC 842 – calculate the impact and choose one of the transition options.

  • Stay compliant with the standard upload new leases every month, let the system calculate values and download G/L transactions.

Staying compliant

Comply with new and existing lease accounting standards. Whether you have 50 or 3,000+ agreements – SOFT4Lessee can help you manage your lease accounting effectively.

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

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

Trusted platform

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

Main Features

  • Data Import/ Export
  • Lease Agreement Data Management
  • Re-measurement
  • Reports for IFR16 Presentation and Disclosures
  • Accounting for Lease Liability
  • Accounting for right of use asset
  • Handling of Non-lease component
  • Managing Lease Modifications
  • Lease status management
  • Variable Lease Management
  • General Ledger integration
  • Assessment of the Lease Term

Trust Across The United States & Trust Around The World

With SOFT4Lessee specialists who have worked in the financial sector for more than 15 years, we can advise on how to use the technology in the most efficient way to satisfy your business needs. In 2019 we implemented 60+ IFRS 16/ASC 842 projects. We will implement the project for you, show how to use it effectively and provide full support.

Get in touch with us





 

Reach us by our local person in the USA by email: 

Mike Ferragamo   [email protected]

 Or use the form (we’ll get back to you within 8 working hours or faster).