Best Lease accounting automation platforms for private equity-backed firms undergoing rapid M&A activity to standardize ASC 842 and IFRS 16 lease accounting in the USA
Non-sponsored, Expert Verified and Transparently Ranked Lease accounting automation platforms for private equity-backed firms undergoing rapid M&A activity to standardize ASC 842 and IFRS 16 lease accounting in the USA
Executive Summary
We analyzed 5 solutions. Top Recommendation: Lease Accounting Suite by Nakisa scored highest due to Global PE platforms executing frequent add-ons. Handles very large multi-entity portfolios with mass operations and bulk uploads, parallel ASC 842/IFRS 16 compliance, and native bidirectional integrations to SAP, Oracle, and Workday for faster onboarding and consolidated reporting [1] [2] [3].
At a Glance
Lease Accounting SuitebyNakisa
Best for: Global PE platforms executing frequent add-ons. Handles very large multi-entity portfolios with mass operations and bulk uploads, parallel ASC 842/IFRS 16 compliance, and native bidirectional integrations to SAP, Oracle, and Workday for faster onboarding and consolidated reporting [1] [2] [3].
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Nakisa
Company Information
Company Overview
Company Details
Contact Information
Trust & Compliance
Key Value Propositions
- AI-driven automation
- Streamlined workflows
- Real-time insights
- Compliance with financial standards and regulations
Industries Served
Technical Information
Social Proof
Customer Testimonials
Nakisa has a lot to offer in terms of flexibility, user-friendliness, and ERP Integration.
Nakisa helped us visualize the organization in different ways for effective planning.
Customer Reviews
"With Nakisa, month-end closing processes are straightforward and efficient."
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Case Studies
Summary
Nakisa Lease Accounting Suite provides a scalable, cloud-native platform for managing and automating lease accounting processes for global enterprises. It supports high contract volumes (100, 000+), diverse asset types, multiple ERPs, currencies, and languages, and offers advanced configurability, automation, and AI-driven features. The solution is designed to eliminate data silos, reduce errors, and accelerate financial close processes while ensuring compliance and auditability.
Overview
Nakisa Lease Accounting Suite is an enterprise-grade, AI-powered lease accounting software designed for large, complex lease portfolios. It centralizes and automates all aspects of lease accounting for both lessees and lessors, supporting tangible leased assets such as property, equipment, land, and fleet. The solution ensures compliance with IFRS 16, ASC 842, and local GAAP, and offers end-to-end capabilities from lease abstraction to administration, accounting, compliance, auditing, and reporting.
Best For
Global PE platforms executing frequent add-ons. Handles very large multi-entity portfolios with mass operations and bulk uploads, parallel ASC 842/IFRS 16 compliance, and native bidirectional integrations to SAP, Oracle, and Workday for faster onboarding and consolidated reporting [1] [2] [3].
Key Features
- AI-powered document abstraction and data validation
- Mass data uploads via ERP sync, APIs, or flat files
- Comprehensive lease lifecycle management (inception, modifications, renewals, purchases)
- Contract- and asset-level accounting
- Automated complex rent calculations (percentage/sales-based, tax, insurance, CAM, CPI indexation)
- Automated payment processing and financial data synchronization
- Batch payment processing and mass operations
- Highly configurable dashboards and reporting tools
- Audit-ready reports with drill-down capabilities
- Multi-dimensional and scenario-based reporting
- Native bilateral ERP integrations and REST APIs
- Support for multiple currencies, languages, calendars, and ERPs
- Role-based access control and Single Sign-On (SSO)
- Granular audit logs and segregation of duties
- Cloud-native microservices architecture with 99.5% uptime
Key Benefits
- Centralizes and automates all lease accounting processes
- Ensures compliance with IFRS 16, ASC 842, GASB 87, and local GAAP
- Reduces manual effort and errors with AI-powered automation
- Enables rapid deployment and easy maintenance with a cloud-native platform
- Supports mass operations and bulk data management
- Provides robust audit trails and reporting for regulatory compliance
- Integrates natively with major ERPs (SAP, Oracle, Workday) and SaaS tools
- Offers advanced configurability and flexible analytics
- Improves cross-team collaboration and data integrity
- Delivers up to 71% faster period-end closings and 97% reduction in errors
Who Is It For
- Large enterprises with complex lease portfolios
- Organizations managing 100, 000+ lease contracts
- Lessees and lessors
- Industries: oil and gas, retail, pharmaceutical, transportation, manufacturing, telecom, financial services, healthcare, public sector, and more
- Companies requiring compliance with IFRS 16, ASC 842, GASB 87, and local GAAP
Features & Modules
Enterprise lease accounting software
Built for large, complex lease portfolios, the Nakisa Lease Accounting Suite offers a powerful yet intuitive end-to-end, AI-powered solution for both lessees and lessors. Easily centralize and manage your tangible leased assets (such as property, equipment, land, and fleet) and automate all aspects of lease accounting—from lease abstraction to administration, accounting, compliance, auditing, and reporting under IFRS 16, ASC 842, and local GAAP.
Why does your enterprise need Nakisa's lease accounting software?
Built for global enterprises, Nakisa offers scalable solutions with advanced configurability and flexible analytics to manage complex use cases, including high contract volumes (100,000+), diverse asset types, lessees or lessors, irregular calendars, multiple ERPs, various accounting standards, multiple currencies and languages, and frequent modifications and events.
- Efficiently manage large, complex portfolios across their lifecycle
- Bring together contract admin, accounting, executive teams
- Save time and eliminate errors with AI, automation, integration, mass operations
- Experience rapid deployment, easy maintenance, seamless upgrades
LESSEE AND LESSOR ACCOUNTING
Nakisa offers the best enterprise lease accounting software for lessees and lessors. Easily handle large and complex lease portfolios of 100,000+ contracts from A to Z. Leverage true asset-level accounting and lease asset tracking throughout lease events, from inception to modifications, renewals, and purchases.
- Lease data capture via ERP sync, APIs, or flat files
- AI Agent for document abstraction
- Comprehensive lease accounting and administration
- Mass operations for bulk processes
- Automated complex calculations and compliance
- Audit-ready and customizable reporting
Advanced capabilities
Enterprise-grade solution for portfolios of 500,000+ contracts, supporting mass operations, dual ledgers, multiple currencies, languages, calendars, ERPs, and parallel compliance. Advanced configurability, automation, and AI-driven innovation.
- Asset-agnostic support (property, equipment, land, fleet)
- Asset-level accounting
- Mass operations and workflows
- Native bilateral ERP integrations and robust APIs
- Parallel accounting compliance
- Security and segregation of duties
- Expert change management and ongoing support
Comprehensive lease accounting capabilities for your industry
Nakisa’s lease accounting software solutions are designed to be flexible and scalable, catering to a wide range of industries including oil and gas, retail, pharmaceutical, transportation, manufacturing, telecom, financial services, healthcare, public sector, and more.
- Industry-specific features and compliance
- Centralized lease data for optimization and reporting
- Audit trails and robust governance
Available In
CoStar Group
Company Information
Company Overview
Company Details
Key Value Propositions
- Audit-ready lease accounting
- Proactive lease administration
- Automated alerts and reporting
- Integrated market data and analytics
Industries Served
Technical Information
Social Proof
Customer Testimonials
Happy to work with these guys. They went above and beyond and helped me achieve my big goals.
We've doubled down on CoStar. We're very impressed with what it provides our real estate team, which funnels up to our accounting team.
CoStar Real Estate Manager is easy to use. A lot of what I've been doing in the system has been learned by just clicking and exploring things. I use it pretty much all day every day.
I like the fact that CoStar can be a database for all types of leases, and, at the same time, become a tool for ASC 842 lease accounting standards.
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Summary
The Lease Accounting Software by CoStar Real Estate Manager automates lease classification, measurement, and reporting, helping organizations comply with ASC 842, IFRS 16, and FRS 102. It centralizes lease data, automates calculations and alerts, and integrates with leading ERP systems to eliminate manual effort and reduce errors. The platform is built for audit readiness, scalability, and enterprise-grade security.
Overview
CoStar Real Estate Manager's Lease Accounting Software is an enterprise-grade, cloud-based platform designed to automate lease accounting, ensure compliance with global standards (ASC 842, IFRS 16, FRS 102), and centralize all real estate and equipment leases in a secure, audit-ready environment. It streamlines workflows, integrates with major ERP systems, and provides robust reporting and audit controls for accounting teams managing large lease portfolios.
Best For
Private equity-backed roll-ups managing complex, multi-entity portfolios. Automates ASC 842/IFRS 16 with unified real estate/equipment accounting, bulk data loading, audit-ready reporting, and ERP integrations to speed monthly close and post-merger standardization [1] [2] [3].
Key Features
- Automated calculations, remeasurements, and adjustments
- Audit-ready reporting with version tracking
- Flexible accounting setup (journal entry mapping, multiple schedules per lease, customizable dashboards)
- Unified lease data for real estate and equipment
- Bulk data loading and 3rd party integrations
- Data validation and lease classification tests
- Single sign-on (SSO) and security profiles
- High-volume JE approval, export, and payment processing
- Configurable fiscal calendars, compound frequency, and lease discount rates
- Ad hoc reporting, amortization, disclosure, roll forward, and tax reports
- Continuous monitoring and real-time issue flagging
- Detailed audit trails and change logs
Key Benefits
- Automates compliance with ASC 842, IFRS 16, and FRS 102
- Eliminates manual effort and reduces errors
- Centralizes all lease data in a secure, cloud-based platform
- Provides audit-ready reporting with detailed audit trails
- Integrates with SAP, Oracle, Workday, and NetSuite
- Supports multi-entity, multi-currency, and dual-GAAP operations
- Enables real-time visibility and reporting for forecasting and budgeting
- Role-based permissions and collaboration tools for cross-departmental access
- Scalable to thousands of leases and high-volume month-end processing
Who Is It For
- Enterprise accounting teams
- Finance teams
- Organizations managing large portfolios of real estate and equipment leases
- Multi-entity or global organizations
- Retail tenants
- Real estate teams
Use Cases
- Lease accounting and compliance for real estate and equipment
- Audit preparation and reporting
- Financial forecasting, budgeting, and capital allocation
- Multi-entity and global lease management
- Collaboration across accounting, legal, and other departments
Features & Modules
Lease Accounting Software Built for Audit Readiness and Scale
Why Lease Accountants Trust CoStar Real Estate Manager
- Automated Workflows: Save hours on manual tasks with automated calculations, remeasurements, and adjustments.
- Audit-Ready Reporting: Generate reports instantly with built-in audit details and version tracking.
- Flexible Accounting Setup: Map journal entries, manage multiple schedules per lease, and tailor dashboards.
- Unified Lease Data: Access every real estate and equipment lease in one secure platform.
Enterprise-Grade Capabilities
CoStar Real Estate Manager equips enterprise accounting teams to manage thousands of leases with accuracy and control. The platform unifies compliance, automation, and reporting to help global organizations close faster and stay audit-ready.
- Global Standards for Compliance: Automates lease classification, measurement, and reporting across ASC 842, IFRS 16, and FRS 102.
- Advanced Controls and Audit Assurance: Reinforces governance with detailed audit trails and SOC 1 Type II certified security.
- Integrated Financial Workflows: Managed integrations to SAP, Oracle, Workday, and NetSuite.
- Scalable Data Management and Insights: Centralizes thousands of leases in a single, cloud-based platform.
Lease Accounting Software Tech Specs
- Accounting Standards: ASC 842, IFRS 16, ASC 840, Local GAAP, Statutory GAAP
- Audit & Security: Accounting schedules, audit detail & change logs, group & user profiles, lease modifications, SSAE 18 SOC 1&2 Type 1&2
- Controls: Data validation, lease accounting journal entries, lease classification tests, security profiles, SSO
- Data Loading: Bulk lease data, discount rates, foreign currency, 3rd party integrations, required fields
- Lease Management: Equipment leases, real estate leases, multi-schedules per lease, no duplicate lease entries, residual value, lease remeasurement
- Month End: High-volume capacity, JE approval & export, payment processing, period close out, reconciliations, vendor/AP/GL integration
- Policy Setting: Fiscal calendars, APR/APY, compound frequency, lease/non-lease components, amortization & JE profiles, lease discount rate, functional currency
- Reporting: Ad hoc on all data fields, amortization by lease, disclosure report, roll forward report, tax data
Customer Testimonials
Lease accounting can be incredibly complex, particularly with respect to ASC 842 compliance...CoStar is very customizable and packed with a lot of both critical and helpful functions. I appreciate the option to use as many or as little of these features as the business needs.
We migrated to Costar in 2017, and it has been a great experience. The 842 Accounting and the 842 Reporting works very well. We originally were tracking overage accrual in a multi-sheet manually. Now we track our overages and perform the monthly accrual within Costar.
I like how easy it is to use and how quickly we are able to create a journal entry. It helps us keep a great look on our leases, as well as automate our monthly journal entries.
Pricing
Pricing information is available upon request. Demo and pricing inquiries can be made via the website.
Integrations
Available In
Security
- SOC 1 Type II certified security
- Every action and approval is tracked for accountability
- Continuous monitoring for data integrity
- Role-based access and security profiles
- Single sign-on (SSO) support
insightsoftware
Company Information
Company Overview
Company Details
Key Value Propositions
- AI-enabled integrated solutions
- Real-time data access and insights
- Streamlined financial processes with intuitive software
Industries Served
Technical Information
Social Proof
Customer Testimonials
I’m a big fan of Jet Reports. I tell everybody Jet Reports is the best tool we’ve ever had for the company.
It’s not just the huge amount of time that is saved; it’s also the sheer amount of information that's available at the click of a button.
Jet Reports has changed the way we do business, and today, most of our team cannot imagine going back to the old ways of doing things.
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Summary
Lease Lifecycle Management is a suite of solutions that centralize and automate the management of real estate and equipment leases. It ensures compliance with global accounting standards, optimizes costs, and provides deep analytics and reporting capabilities. The offering is designed to scale with organizations, supporting high-volume lease portfolios and integrating with existing ERP and financial systems.
Overview
Lease Lifecycle Management from insightsoftware offers comprehensive, scalable, and compliant lease management solutions designed to streamline lease operations, ensure regulatory compliance, reduce costs, and provide portfolio control for organizations with diverse needs. The platform centralizes lease data, automates compliance, and integrates with over 200 data sources and major ERP systems, supporting both real estate and equipment leases for global organizations.
Best For
PE-backed operators consolidating equipment and real estate leases across many ERPs. Provides enterprise subledger integration, broad ERP connectors, and automation that speeds remeasurements/modifications for ASC 842/IFRS 16 during rapid M&A integration [1] [2] [3].
Key Features
- Centralized lease data management.
- Automated compliance tracking and reporting.
- Real-time, audit-ready financial reporting.
- Competitive bidding and lease sourcing (PureLease).
- Portfolio optimization and analytics.
- Automated workflows for rent calculations, renewals, and RFP generation.
- Integration with major ERP systems (Oracle, SAP, Microsoft, Yardi, etc.).
- Configurable, cloud-based platforms.
- User-friendly interfaces with drag-and-drop reporting.
- Support for both real estate and equipment leases.
- Scalable to high-volume lease portfolios.
- Multi-language support.
Key Benefits
- Centralizes lease data and operations for real estate and equipment.
- Automates compliance with global standards (e.g., IFRS 16, ASC 842, ANC 2020-1, IAS17).
- Reduces costs through competitive bidding and process automation.
- Provides audit-ready, real-time reporting and analytics.
- Integrates with 200+ data sources and major ERP systems.
- Scalable and configurable for organizations of all sizes.
- Improves decision-making with portfolio insights and forecasting tools.
- Supports multinational operations with multi-language and international compliance.
Use Cases
Features & Modules
Comprehensive & Compliant Lease Management Solutions for More Control
Streamline lease management with scalable solutions that ensure compliance, cost savings, and portfolio control—designed to meet diverse organizational needs.
Innovative Lease Management Solutions Made Simple
Overview of product variants: LeaseAccelerator, EZLease, Real Estate Manager, PureLease, Viareport Lease.
- LeaseAccelerator: Comprehensive lease management.
- EZLease: Real-time, audit-ready lease accounting.
- Real Estate Manager: Real estate portfolio management.
- PureLease: Automated lease sourcing with competitive bidding.
- Viareport Lease: Lease accounting for France, supporting IFRS16, ANC 2020-1, IAS17.
Unified Lease Management & Compliance Tools
We Connect to 200+ Data Sources
Integration with major ERP and data systems.
- Oracle
- SAP
- Microsoft
- Yardi
- Viewpoint
- Epicor
- Sage
- MRI
- Infor
- Deltek
- Aptean
- OracleNetsuite
Versatile Lease Management for Every Business Need
Empowering Key Roles Across Many Industries
Solutions tailored for CFOs, Controllers, Real Estate VPs, Procurement, Accounting Teams, Treasury, and Financial Planners. Industries served include Manufacturing, Technology, Healthcare, Logistics, Retail, Education, and Government.
- CFO
- Controller
- Real Estate VP
- Procurement
- Accounting Team
- Treasury
- Financial Planner
- Manufacturing
- Technology
- Healthcare
- Logistics
- Retail
- Education
- Government
Available In
Security
- Cloud-based solutions with centralized data management.
- Audit-ready, traceable data for compliance.
- Role-based access and workflow automation (implied by enterprise focus).
CoStar Group
Company Information
Company Overview
Company Details
Trust & Compliance
Key Value Propositions
- Centralized lease data
- Automated processes
- Real-time insights
- Seamless integration
Industries Served
Technical Information
Social Proof
Customer Testimonials
After I open my email, I open up Visual Lease.
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Case Studies
AAM Case Study
AAM
Managing a global lease portfolio with tight controls using Visual Lease.
Read Case StudyAcrisure Case Study
Acrisure
Tackling an active lease portfolio by systematizing acquisitions and making data-driven decisions.
Read Case StudySummary
VL is embedded with decades of industry-leading lease administration and accounting expertise. It simplifies the lease lifecycle by consolidating all lease data, automating processes, and providing real-time insights. The platform supports lease management, lease accounting, and sustainability reporting, and is trusted by enterprises to manage complex portfolios.
Overview
The Visual Lease Platform (VL) is an integrated solution for lease management and lease accounting, designed to help enterprises manage complex lease portfolios with ease and accuracy. It consolidates all lease data into one intuitive platform, automates lease administration and accounting through AI, provides advanced analytics for financial and operational reporting, and integrates with existing enterprise systems.
Best For
Organizations consolidating multiple acquired portfolios. Robust migration tools and prebuilt ERP integrations simplify onboarding, while ASC 842/IFRS 16 compliance and audit features support faster closes and standardized reporting post-deal [1] [2] [3].
Key Features
- Unified platform for lease management, lease accounting, and sustainability reporting
- Scalable configurations for complex, multi-asset portfolios
- Seamless integration with ERPs, financial management software, BI tools, data lakes, and sustainability reporting tools
- AI-supported automation for data extraction, management, and analysis
- Automated compliance and accounting workflows
- Advanced reporting and analytics for real-time insights
- Robust security with encryption, access controls, and regular security audits
Key Benefits
- Total visibility into lease portfolios
- Optimization of lease terms
- Streamlined operations
- Time savings
- Risk mitigation
- Cost reduction
- Support for sustainability initiatives
- Accurate and comprehensive reporting on leased and owned assets
- Collaboration across teams with real-time data
- Confident and sustained lease accounting compliance
- Agile business decision-making
Who Is It For
- Large enterprises
- Finance and accounting teams
- Real estate, fleet, and equipment operations teams
- IT departments
- Compliance teams
- Legal teams
- Organizations with complex lease portfolios across real estate, equipment, and vehicles
Use Cases
- Managing large and complex lease portfolios
- Automating lease administration and accounting tasks
- Ensuring compliance with lease accounting standards
- Supporting sustainability and ESG reporting
- Integrating lease data with enterprise systems
Features & Modules
The Definitive Platform for Integrated Lease Management & Lease Accounting
Trusted by enterprises to manage complex portfolios with ease & accuracy. VL is embedded with decades of industry-leading lease administration and accounting expertise and simplifies the lease lifecycle by consolidating all your lease data into one intuitive platform. Through strategic use of AI, our platform automates lease administration and lease accounting, provides advanced analytics for both financial and operational reporting, and integrates seamlessly with your existing systems.
Manage all your lease data seamlessly in one place.
With VL, you can gain total visibility into your lease portfolio, optimize your lease terms, and streamline your operations. Our platform not only helps you save time, mitigate risks, and reduce costs but also supports your sustainability initiatives by ensuring accurate and comprehensive reporting on leased and owned assets tied to environmental impact.
Unified platform
VL integrates lease management, lease accounting, and sustainability reporting, enabling organizations to modernize processes and minimize errors. With VL, finance, real estate, IT, and compliance teams can collaborate with real-time data for better decision-making.
Scalable configurations
Designed for large enterprises, VL handles complex, lease portfolios across real estate, equipment, and vehicles, ensuring your operations can scale effortlessly while meeting sustainability goals.
Seamless integration
Maintain consistent and accessible lease data across your organization through seamless integration with ERPs, financial management software, corporate BI tools, data lakes, and sustainability reporting tools.
AI-supported automation
Our platform will seamlessly automate the extraction, management, and analysis of lease data, offering users across a variety of functions a purpose-built toolset. Simplify compliance and reduce accounting workloads with automated data collection, calculation, and reporting.
Real-time insights
Make informed decisions with advanced reporting and analytics that provide strategic insights into your lease portfolios and sustainability performance.
Robust security
Protect your sensitive lease data with advanced security features, including encryption, access controls, and regular security audits, ensuring compliance with industry standards and safeguarding against data breaches.
Security
- Advanced security features
- Encryption
- Access controls
- Regular security audits
- Compliance with industry standards
- Protection against data breaches
Compliance
- Supports compliance with ASC 842
- Supports compliance with IFRS 16
- Supports compliance with GASB 87
- Supports compliance with GASB 96
FinQuery
Company Information
Company Overview
Company Details
Trust & Compliance
Key Value Propositions
- Facilitate compliance with ASC 842, IFRS 16, FRS 102, GASB 87 & SFFAS 54.
- Rated #1 lease accounting solution for 4 years running.
- Employ industry-leading implementation and support.
- Offers rapid onboarding and managed services.
Industries Served
Technical Information
Social Proof
Customer Reviews
Trusted By
Summary
LeaseQuery is a cloud-based lease accounting software that automates calculations and reporting for compliance with ASC 842, IFRS 16, GASB 87, GASB 96, SFFAS 54, and FRS 102. It provides a single, secure subledger for all lease information, integrates with any ERP, and offers robust reporting, data security, and operational efficiency features.
Overview
LeaseQuery by FinQuery is a cloud-based lease accounting software designed to simplify complex lease accounting and ensure confident compliance with major accounting standards. It automates error-free amortization schedules, journal entries, and disclosure reports, and provides a centralized dashboard for portfolio monitoring, payment tracking, and compliance alerts. The platform is CPA-approved, integrates with any ERP or general ledger, and is trusted by over 8,500 organizations.
Best For
Accounting teams consolidating newly acquired entities. Provides dual-standard reporting, SOC 1 Type 2 assurance, AI-assisted lease data entry, and ERP-agnostic integrations to speed onboarding and auditor reviews after M&A [1] [2] [3].
Key Features
- Compliance with ASC 842, IFRS 16, FRS 102, GASB 87, GASB 96, SFFAS 54
- Auto-generation of amortization schedules, journal entries, and disclosure reports
- Portfolio dashboard with payment tracking and compliance alerts
- Role-based access controls and audit trails
- Data entry validation and duplicate prevention
- Critical date reminders and workflow notifications
- Central document repository and document attachment to leases
- AI-assisted lease data entry and document abstraction
- Over 100 standard and customizable reports
- Multi-currency functionality with automated FX rate management
- Dual-standard and historical reporting
- Automated lease abstracts and contact tracking
- Third-party integrations with any ERP or GL system
- Read-only auditor access
- SOC 1 Type 2 reports for internal controls
- SSL encryption, firewall, and AWS managed hosting and backup
Key Benefits
- Automates error-free amortization schedules, journal entries, and disclosure reports
- Ensures compliance with multiple accounting standards
- Centralizes lease data in a secure, cloud-based subledger
- Integrates with any ERP or general ledger
- Provides robust reporting and analytics
- Enhances operational efficiency with AI-assisted data entry and document management
- Supports audit readiness with read-only auditor access and audit trails
- Offers dedicated customer support and training resources
Who Is It For
- Accountants
- CPA firms
- Finance teams
- Organizations with lease portfolios of any size
- Public, private, governmental, and nonprofit entities
- Entities reporting under FASB, FRC, GASB, IFRS, and FASAB standards
Features & Modules
LeaseQuery: Cloud-Based Lease Accounting Software
LeaseQuery, powered by FinQuery, is the #1 rated lease accounting software by CPAs. It automates error-free amortization schedules, journal entries, and disclosure reports, and provides compliance documents for ASC 842, GASB 87 and 96, IFRS 16, SFFAS 54, and FRS 102. The dashboard allows monitoring of your portfolio, payment tracking, and alerts for expiring leases and due dates.
- Auto-generate error-free amortization schedules, journal entries, and disclosure reports
- Create compliance documents for ASC 842, GASB 87 and 96, IFRS 16, SFFAS 54, and FRS 102
- Monitor portfolio from one dashboard
- Track payments and receive alerts for expiring leases and due dates
Select Your Standard
Supports compliance with ASC 842, IFRS 16, GASB 87, GASB 96, SFFAS 54, and FRS 102.
- ASC 842
- IFRS 16
- GASB 87
- GASB 96
- SFFAS 54
- FRS 102
Lease Accounting & Management Software Solutions
Multiple solutions for different portfolio sizes and needs, including LeaseQuery (market leader), LeaseQuery Essential (for portfolios of 25 and under), LeaseQuery for NetSuite (built in NetSuite), and LeaseGuru (for small portfolios, free for first 2 leases).
- LeaseQuery: Premier solution for all sizes
- LeaseQuery Essential: Simplified compliance for portfolios of 25 and under
- LeaseQuery for NetSuite: Built in NetSuite
- LeaseGuru: Free for small portfolios
LeaseQuery Features
LeaseQuery simplifies complex accounting for any leased asset and brings all lease information into a single, cloud-based subledger that can integrate with any ERP. Features include CPA-approved accounting, superior service, compliance out of the box, accounting intelligence for complex scenarios, controls for data integrity, operational efficiency, robust reporting, lease administration, data security, and a one-stop governmental solution.
- CPA-approved accounting for all major standards
- SOC 1 Type 2 reports
- Dedicated customer success professionals
- Daily office hours and on-demand training
- Journal entries, amortization schedules, disclosures
- Custom calendar, embedded lease tests, multi-currency, dual-standard reporting
- Role-based access, audit trail, data validation
- Critical date reminders, document repository, AI-assisted data entry
- Over 100 standard and customizable reports
- Automated lease abstracts, contact tracking, alerts
- SSL encryption, firewall, AWS hosting
- Lessor and lessee accounting for GASB 87 & SFFAS 54, GASB 96 compliance, fund accounting
Features
CPA-approved lease accounting, compliance for complex scenarios, seamless data transfer and onboarding, general ledger integrations, user-friendly design, foreign exchange rate management.
- CPA-approved journal entries, amortization schedules, disclosures
- Handles dual standard reporting, custom calendar, variable payments, point-in-time reporting, catch-up adjustments
- Superior support for data conversion and onboarding
- Integrates with any general ledger
- User-friendly with help center, training, and AI-assisted features
- Automated FX rate management with SFTP integration
What is lease accounting software?
Lease accounting software provides calculations and reports necessary to comply with new accounting standards for leases, including ASC 842, GASB 87, IFRS 16, SFFAS 54, FRS 102, and others. LeaseQuery provides everything needed for compliance: amortization schedules, journal entries, reports, disclosures, and support.
- Compliant and accurate accounting for finance and operating leases
- Supports FASB, FRC, GASB, IFRS, and FASAB standards
LeaseQuery Integrations
Small Portfolio Lease Accounting
What to Look for When Comparing Lease Accounting Solutions
Key considerations include knowledgeable support staff, automation and efficiency, SOC reports, and data security and support for internal controls.
- Competent support staff
- Automation of compliance and reporting
- SOC 1 Type 2 reports for internal controls
- Security features like unique logins and encryption
- Controls for SOX compliance
More Than a Lease Accounting Tool
LeaseQuery also serves as a lease database, financial decision support tool, and lease management/tracking software. Centralizes contracts, provides access controls, and supports better forecasting and budgeting.
- Centralized, secure lease database
- Role-based access and workflow notifications
- Read-only auditor access
- Financial reporting for forecasting and budgeting
- Critical date alerts and issue identification
- Improved lease tracking and management
Integrations
Available In
Data Quality & Transparency
Our Ranking Methodology
How we rank these offerings
We ranked these lease accounting automation platforms for private equity-backed firms undergoing rapid M&A activity to standardize ASC 842 and IFRS 16 lease accounting in the USA using a weighted scoring formula: Integration Capabilities (35%), Compliance Automation (35%), Scalability for M&A (30%). N/A values receive 0 points. Lease Accounting Suite (nakisa.com) scored highest with 96 due to its outstanding native bidirectional ERP integrations, mass operations, and global scalability. Companies with N/A values had reduced maximum scores.
Ranking Criteria Weights:
Deep integration is crucial for private equity-backed firms to streamline processes and ensure data accuracy across multiple entities during rapid M&A activities.
Automated compliance features are vital for managing complex lease portfolios and meeting regulatory requirements efficiently, reducing the risk of errors.
Scalability ensures that the solution can adapt to the firm’s growth and changing requirements during mergers and acquisitions, maintaining operational effectiveness.
Frequently Asked Questions
- What are the typical costs and pricing models for lease accounting automation platforms in private equity-backed firms?
- Pricing for lease accounting platforms like Lease Accounting Software and Lease Lifecycle Management typically depends on the number of leases managed and the degree of ERP integration required. Companies may face initial setup costs for implementation and ongoing subscription fees. Implementation costs can vary based on complexity, such as integration with ERP systems like SAP or Oracle, which Lease Accounting Suite and Lease Lifecycle Management support natively, reducing additional integration costs. It is crucial to also consider expenses related to training personnel and potential data migration services, especially when transitioning from spreadsheets or legacy systems as Visual Lease Platform assists.
- What key criteria should companies consider when selecting a lease accounting automation platform?
- When selecting a lease accounting platform, companies should prioritize robust integration capabilities, such as those offered by Lease Lifecycle Management's deep ERP connectivity and Lease Accounting Suite's native SAP, Oracle, and Workday integrations. Firms must also consider platforms with advanced reporting and audit controls for compliance with ASC 842 and IFRS 16, like those featured in Lease Accounting Software and Visual Lease Platform. Evaluating the platform's ability for rapid implementation and ease of use, particularly when consolidating leases post-M&A, is critical for minimizing disruption to financial reporting processes.
- How do lease accounting automation platforms ensure compliance with ASC 842 and IFRS 16?
- Compliance with ASC 842 and IFRS 16 is achieved through features like centralized lease data management and audit-ready reporting, as offered by Enterprise-grade Lease Accounting Software. These platforms enforce standardized disclosures and accelerate financial closes. Lease Accounting Suite's capability for parallel compliance ensures that multinational entities remain compliant with both standards systematically. Furthermore, strong audit controls integrated within platforms such as Visual Lease Platform guarantee consistent adherence to regulatory requirements, easing compliance monitoring.
- What are the main implementation challenges firms may face and the solutions offered by these platforms?
- Implementation challenges often include data migration from decentralized or legacy systems and aligning existing processes with standardized accounting frameworks. Visual Lease Platform addresses such challenges with tools tailored for rapid migration from spreadsheets and legacy systems, ensuring seamless transition with minimal disruption. Lease Lifecycle Management streamlines implementation by offering an accounting subledger which assists with journal posting and reconciliations, helping to maintain data accuracy and consistency during the transition. Additionally, pre-built ERP integrations available in Lease Accounting Suite reduce the time and complexity of setup in sophisticated financial ecosystems.
- How do these platforms deliver ROI and value to private equity-backed firms undergoing rapid M&A activity?
- ROI is primarily delivered through increased efficiency in lease management and financial reporting. Enterprise-grade Lease Accounting Software enhances value by significantly reducing manual processing time with AI-assisted data entry, which is critical during periods of rapid increase in lease volume from M&A activities. Platforms such as Lease Lifecycle Management and Lease Accounting Suite provide comprehensive tools for lease administration and standardization of financial reports, helping to maintain consistent compliance and operational efficiency across newly formed entities. This ensures that new acquisitions align swiftly with existing financial structures, minimizing costs associated with non-compliance and reporting delays.
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