Our Lease Accounting & Administration Services
Full-Service Outsourced Lease Management
Achieving ASC842/IFRS16/GASB87 compliance is coming – with a mandated compliance requirement. The compliance initiative is complicated, risky and a pure business distraction. We view this transformative time as an opportunity to strategically align with your financial ecosystem, as compliance impacts financial systems, asset management systems, reporting and analytic systems from an integration perspective.
This is the time to leverage the latest business benefits that technology has to provide, such as: Automation, Predictive and Operational analytics, Lease trending and velocity, while also diverting these business obligations to a provider, so you can keep your key resources focused on growing your business and extending margins/revenue with value realizing business projects.
The Leaseology lease compliance solution has been built by lease accounting experts – from both a compliance and a technical accounting perspective. Our solution is built on the backbone of a Tier 1, public cloud provider (AWS), and has a building of technical cyber security engineers protecting you. We leverage the top talent in the world, to help us deliver world class business solutions, supported with the top technical accounting minds in the lease management industry.
Our solution is delivered as a subscription, with an innovative pricing model, built on your number of leases (Equipment or Real Estate), so you never pay for excess system capacity, software licenses or reserved infrastructure (allocated and billable, but not used). We are process oriented, looking to always increase business efficiency, reduce costs and increase business performance/speed. Our subscription based model is built with a lease accounting process architecture that provides decades of domain intelligence built into it, so you spend less time managing lease records and more time
making impactful business decisions regarding your lease portfolio.
Our compliance program, is built around your needs– based on your skills, resources, appetite for projects, bandwidth and budget. Below is a list of business benefits to outsourcing this requirement to Leaseology, the leader in compliance as a service:
- Compliance Now
- Identification of non compliant lease records and evergreen lease
- World Class security of a Tier 1 Public Cloud
- EBITDA impact and guidance
- Consolidation of all lease accounting records
- Ad-Hoc, SEC, Disclosure reporting, real time and customizable
- Lease velocity/trending analytics
- Lease accounting business integration strategy
The benefit to our customers is – freedom to focus, strategically transform business operations, achieve compliance – remain viable from an investor perspective and to modernize infrastructure and process to support change and remain competitive in their current and future markets.
ASC842/IFRS16/GASB87 compliance is difficult, and a distraction to your business focus and supporting systems/processes. Our Lease Compliance subscription, helps you to maximize the compliance benefits, avoid penalties and fines, increase workforce performance and reduce re-work/lease fatigue errors. Transform your business, remove unproductive tasks from accounting/finance/IT, achieve compliance and create business flexibility with the lease experts at Leaseology.
Lease Strategy & Optimization
Leaseology is a lease portfolio industry solution provider, helping customers to understand, define, deploy and manage enterprise lease accounting & administration functions for it’s customers. Our service is delivered via a subscription, which is customized to your needs in a pay as you go model, based on your resource availability/skills as well as your business complexity.
Leaseology Inc., experts align our service offering to provide the most transparent lease portfolio process possible, built around your budget, needs and agility. Our goal is to architect a solution that achieves base compliance, while streamlining supporting business processes to deliver a solution that is nimble integrates easily with your enterprise applications.
Leaseology designs solutions with a focus on operational excellence and workforce productivity, delivering the following business benefits:
- Increase in overall workforce productivity
- Reduction in direct labor costs
- Reduction in re-work, due to auditory response
- Increased agility, ability to pivot to meet market opportunity
- Increased investor portability, easier to merge, acquire or divest – creating
shareholder value
ASC842/IFRS16/GASB87 compliance is difficult, and a distraction to your business focus and supporting systems/processes. Our Lease Value Realization Methodology, helps you to understand TCO, ROI and ensures an optimized solution design, that integrates easily into your existing lease management operations model. Transform your business, achieve compliance and create business flexibility with the lease experts at Leaseology.
Lease Portfolio Audits & Assessments
Helping customers meet the compliance deadline, integrate a solution into the enterprise business process, create business flexibility and create a more efficient and productive environment is what we’re about. Leaseology provides a free assessment of your existing lease portfolio, which includes:
- Technical Accounting analysis on compliance EBITDA impact
- Lease analysis on subset of portfolio records
- Lease administration audit (what’s it take to get compliant)
- Migration Strategy
- Lease Modernization strategy (Monetization, Integration, Automation)
- Lease accounting integration strategy
- Lease management process architectural audit
- Lease Negotiation/Market analysis guidance
Top ten business benefits of Leaseology’s assessments:
1. Exposure to Evergreen leases (cost containment)
2. Re-purpose resources to work on projects that increase revenue
3. Improved terms on existing leases (Real Estate & Equipment)
4. Executive exposure to magnitude of compliance effort
5. Reduction in re-work, due to resource skills/availability
6. Increased agility, ability to pivot to meet market opportunity
7. Increased investor portability, easier to merge, acquire or divest – creating shareholder value
8. Architectural solution validation with existing systems/process
9. Roadmap to improve lease administration
10. Executive Compliance check list
ASC842/IFRS16/GASB87 compliance is difficult, and a distraction to your business focus and supporting systems/processes. Our Lease Value Realization Methodology, helps you to understand TCO, ROI and ensures an optimized solution design, that integrates easily into your existing lease management operations model. Transform your business, achieve compliance and create business flexibility with the lease experts at Leaseology.
Lease Accounting & Compliance
Achieving ASC842/IFRS16/GASB87 compliance is hard. Even harder by the end of 2021. It is also under-estimated by most executives, and like a diet – only painful to the one doing it. At Leaseology, we understand how hard this is, as we have decades of lease accounting experience, and fully understand the complexities of the compliance mandate, as well as the breadth of impact that compliance commands. Our solution is built on deep domain expertise, and is a comprehensive innovation, that covers each of the upstream and downstream business process requirements in and around lease accounting compliance.
Our compliance program, is customizable – based on your skills, resources, appetite for projects, bandwidth and budget. Below is a list of commonly missed, yet critical from a business process impact to the lease accounting/management process:
- EBITDA impact
- Evergreen Leases
- Ad-Hoc, SEC,
- Disclosure reporting
- Consolidation of existing lease portfolio into a digital system of record
- Lease re-negotiation opportunity (cost/terms/ROU usability)
- Lease velocity/trending analytics
- Lease accounting integration strategy
Our Leaseology service offering, is built with the expectation that customers pay as you go, as Lease Attorney, Technical Accountants, Renegotiation Experts (Equipment & Real Estate), Lease process architect’s/SME’s and Technical accountants – are all specialized resources that are needed only occasionally. The benefit to our customers is – full suite, white glove services across all lease accounting, lease management needs, plus executive level guidance on all domain items related to compliance.
ASC842/IFRS16/GASB87 compliance is difficult, and a distraction to your business focus and supporting systems/processes. Our Lease Compliance subscription, helps you to maximize the compliance benefits, increase workforce performance and reduce re-work/lease fatigue errors. Transform your business, achieve compliance and create business flexibility with the lease experts at Leaseology.
Systems Integrations & Implementations
Achieving ASC842/IFRS16/GASB87 compliance is complicated, risky and a pure business distraction. Compliance impacts financial systems, asset management systems, reporting and analytic systems from an integration perspective. The Leaseology lease compliance solution has been built by lease accounting experts – from both a compliance and a technical accounting perspective. Our solution is built on the backbone of a Tier 1, public cloud provider (AWS), and has a building of technical cybersecurity engineers protecting you. We leverage the top talent in the world, to help us deliver world class business solutions, supported with the top technical accounting minds in the lease management industry.
Our solution is delivered as a subscription, with an innovative pricing model, built on your number of leases (Equipment or Real Estate), so you never pay for excess system capacity, software licenses or reserved infrastructure (allocated and billable, but not used). We are process oriented, looking to always increase business efficiency, reduce costs and increase business performance/speed. Our subscription based model is built with a lease accounting process architecture that provides decades of domain intelligence built into it, so you spend less time managing lease records and more time making impactful business decisions regarding your lease portfolio. We have a template based migration tool, providing top functionality, lease visibility, lease velocity and trending, as well as a real time lease compliance administrative update capability, so you never have to worry about compliance.
Our lease accounting process integration adapter, makes it simple to connect to lease records as well as the reporting is easily updated based on lease change events. Our approach to disclosure reports is based on replicating pertinent lease data fields and can easily updated and leveraged for new lease add, moves and changes.
Our compliance program, is customizable – based on your skills, resources, appetite for projects, bandwidth and budget. Below is a list of system efficiencies that make your and your IT teams life predictable and simple to manage from a business systems impact to the lease accounting/management process:
- World Class security of a Tier 1 Public Cloud
- Real time access to all lease accounting details
- Ad-Hoc, SEC, Disclosure reporting
- Consolidation of existing lease portfolio into a digital system of record
- Lease velocity/trending analytics
- Lease accounting business integration strategy
The benefit to our customers is – full suite, white glove services across all lease accounting, lease management needs, plus executive level guidance on all domain items related to compliance.
ASC842/IFRS16/GASB87 compliance is difficult, and a distraction to your business focus and supporting systems/processes. Our Lease Compliance subscription, helps you to maximize the compliance benefits, increase workforce performance and reduce re-work/lease fatigue errors. Transform your business, remove menial tasks from accounting/IT, achieve compliance and create business flexibility with the lease experts at Leaseology.
