ENTERPRISE LEASE ACCOUNTING SOFTWARE

SIMPLIFYING THE RECORD-TO-REPORT PROCESS WITH LEASEACCELERATOR

LeaseAccelerator’s application is designed to make the life of the corporate controller and their team simple, fast and easy. The system enables accounting organisations to both manage and maintain the lease portfolio within a single system that offers robust controls, visibility and compliance features. The record-to-report and monthly close processes can be managed from an easy-to-navigate workspace, which lists daily action items in a user-friendly environment.

Most lease management tasks are automated within LeaseAccelerator. The systems intuitive and user friendly interface is designed to complete tasks as efficiently as possible. There are three main reasons for a user to access the system:

As new real estate and equipment leases are signed, the system will automatically calculate the journal entries for each asset based upon the key data fields for each contract such as base and variable rent, payment frequency and timing, contract term and end of lease options. The leasing data can be entered via LeaseAccelerator’s web interface or bulk uploaded from a spreadsheet.

ADD NEW LEASES

THE USER EXPERIENCE

GOVERNED PROCESSES - ENSURING CONTROL AND REDUCING RISK.

RECORD EVENTS OR CHANGE’S TO ASSETS2.

1.

leaseaccelerator.com.au +61 2 8310 8814

EVENT ENTERED INTO LEASE ACCOUNTING SYSTEM

BUYOUT, RETURN, OR IMPAIRMENT EVENT OCCURS

RECALCULATE/ CALCULATE JOURNAL ENTRIES

ENTER NEW LEASE SCHEDULENEW LEASED ASSETS CALCULATE JOURNAL ENTRIES

Throughout the lifecycle of a lease, different events might occur that impact the accounting. These events might include changes to rent payments, modifications to contract terms, impairments to assets, and end of term buyouts, renewals, terminations and returns. As these events occur, users can quickly update the appropriate data fields in LeaseAccelerator and the system will automatically recalculate the journal entries.

At month-end, LeaseAccelerator offers a number of automation features to simplify the close process. For example, users will want to ensure that all changes to the lease portfolio that occurred during the period have been captured prior to subledger cutoff. LeaseAccelerator simplifies the process by offering automated workflows that save time and money. Attestations can be sent to the “asset owners” that manage the real estate and equipment on a day-to-day basis to ensure the existence and accuracy of the information about the leased assets. These attestations are distributed via email. Asset owners can respond via email with no need to login to the system. End of term workflows can also be automated to ensure that decisions related to terminations, buyouts, returns, and renewals are recorded in a timely manner.

RUN FINANCIAL REPORTING

LeaseAccelerator helps you put all your leasing documentation into a single database where you can then run turnkey reports to generate data for your end-of-quarter, such as easily identifying leases coming to end of term.

LeaseAccelerator’s ‘Build-Your-Own Reporting’ (BYOR) functionality enables users to design their own reusable reports with nuances specific to their organisational or industry requirements, providing the ability to analyse and share organisational data and discover new ways to improve financial performance.

REPORTING

leaseaccelerator.com.au +61 2 8310 8814

3.

LEASE ACCOUNTING

SOFTWARE

ATTESTATION AND END OF TERM

NOTIFICATIONS

AUTOMATING THE PROCESSES – SAVING TIME AND MONEY

ASSET OWNERS IN BUSINESS UNITS

LEASED ASSETS

LeaseAccelerator offers the market-leading Software-as-a-Service (SaaS) solution for Enterprise Lease Accounting, enabling compliance with the current and new AASB 16 and IFRS 16 standards. Using LeaseAccelerator’s proprietary Global Lease Accounting Engine, customers can apply the new standards to all types of leases including real estate, fleet, IT, and other equipment at an asset-level as required by AASB and IASB. On average, LeaseAccelerator’s Sourcing and Management applications generate savings of 17 percent with smarter procurement and end-of-term management.

leaseaccelerator.com.au +61 2 8310 8814