Soft4Lessee is a lease accounting platform designed to help businesses manage their lease contracts and accounting whilst also transitioning and adhering to the accounting standards IFRS 16/ ASC 842/ AASB 16. The tool, which can be purchased as a monthly cloud subscription or full license, allows users to maintain compliance and meet all of the latest requirements. Soft4Lessee offers a range of features for lease accounting including data import and export, lease agreement data management, lease re-measurements, lease status management, and more.
With Soft4Lessee businesses can manage lease liability, right of use (RoU) assets, non-lease components, variable leases, and more within one centralized system. Lease accountants can import and export data to and from connected systems and Soft4Lessee integrates with various external platforms including asset management systems, contract management systems, and general ledger platforms. Users can manage lease agreements and store them in an integrated database, and can re-measure and modify leases automatically as needed using tools such as liability calculations and right-of-use assets. Other Soft4Lessee features include financial reporting, the ability to track lease statuses in real time, and management of lease variables such as price indexes, interest rates, and more.
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