iLeasePro is a cloud-based lease management and accounting software that manages lease lifecycle of equipment leases and commercial real estate leases for small and mid-sized organizations, as well as for large enterprises. The solution enables its customers to minimize costs and mitigate risks, it also helps to develop in-house intelligence on lease information within an enterprise.
iLeasePro software offers three modules lease management, lease accounting, and lease analysis. Lease management includes features such as a summary dashboard, management of lease portfolio at a central location, keeping a track of critical dates like lease & insurance renewals, performing lease term rent calculations, and lease abstraction. Lease accounting includes real estate & equipment lease accounting where users can define lease type and record lease expenses using any method, allowing users to prepare monthly general ledger entries for all lease payments, and creating automatic journal entries that can be either imported into an accounting software or exported into excel. Lease analysis includes features such as lease negotiations and calculations of effective rental rates of net present values, comparative lease analysis and the ability to create what-if scenarios, and creating detailed cash flow reports that can be extended to include PSF cash flow reports for real estate leases.
iLeasePro caters to the needs of personnel in consulting, banking, accounting, brokering and real estate, among others. It also offers compliance to various accounting standards such as IASB and FASB. Some of its major partners include Intacct and Netsuite.
Software by iLease Management LLCwww.ileasepro.com