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
Published: January 20, 2026 | Verified by: Ted Scheiman & Rob Watts
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](https://nakisa.com/products/lease-accounting-software/) [2](https://nakisa.com/products/lease-management-software/) [3](https://nakisa.com/products/lease-accounting-software/)..
Content Verification
Side-by-Side Comparison
| Feature | #1 Lease Accounting Suite (Nakisa) | #2 Lease Accounting Software (CoStar Group) | #3 Lease Lifecycle Management (insightsoftware) | #4 Visual Lease Platform (CoStar Group) | #5 Lease Accounting Software (FinQuery) |
|---|---|---|---|---|---|
| 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]. | 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]. | 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]. | 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]. | 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]. |
| Scalability for M&A | Scales for post-merger consolidation: handles 100k, 500k+ contracts and mass ops; bulk migration via Excel/APIs; consolidates data from up to 45 ERPs; supports intercompany lease transfers; cloud‑native microservices 99.5% uptime. (nakisa.com) | Built for enterprise scale with multi-entity, multi-currency and dual-GAAP support; configurable hierarchies and consolidated reporting; bulk data loading and high-volume processing; managed integrations to SAP, Oracle, Workday and NetSuite; and dedicated migration tools to onboard leases from other platforms, supporting rapid entity onboarding and consolidation during M&A. (costarmanager.com) | Supports M&A scaling: multi-company/entity hierarchies; bulk lease onboarding; add new entities via CIW; API/SFTP ERP integrations (140+ connectors); ledger segment mapping (up to 11); intercompany transfer workflows; global ASC 842/IFRS 16 compliance. (docs-ezlease.insightsoftware.com) | N/A | Scales for M&A: consolidated disclosures, role-based access by subsidiary, and unlimited users support multi-entity roll-ups. Multi-currency and dual-standard reporting fit cross-border deals. Balance Migration and AI document extraction speed onboarding of acquired leases. Integrates with any ERP/GL. (finquery.com) |
| Compliance Automation | Automates ASC 842/IFRS 16/local GAAP compliance: dual-standard processing; automated CPI indexation and FX translation (ASC 830/IAS 21); modification/reassessment on any effective date; automated period-end balances, ledger enrichment and controlled journal workflows; audit-ready disclosure reports (roll-forward, maturity analysis) supporting 10-K/10-Q; native ERP integrations automate GL postings. (nakisa.com) | Automates ASC 842/IFRS 16/FRS 102 compliance: automated classification, measurement, reporting; audit-ready reports with version tracking; enterprise controls, audit trails/change logs, SOC 1/2 Type II security, user permissions/SSO, data validation and lease classification tests; plus continuous monitoring that flags issues to simplify audits. (costarmanager.com) | Automates lease compliance for ASC 842, IFRS 16, and GASB with auto classification, asset-level tracking of modifications, push-button disclosures, roll-forwards and trial balances, and audit-ready reporting; also automates journal entries to streamline close and audits. (insightsoftware.com) | N/A | Automates compliance by generating journal entries, amortization schedules, and required disclosures; applying practical expedients and accurate lease-change calculations. Includes embedded classification tests, alerts for expiring leases/due dates, role-based access, audit trails, data validation/duplicate prevention, and read-only auditor access. SOC 1 Type 2 controls. Supports ASC 842, IFRS 16, GASB 87/96, SFFAS 54, FRS 102. (finquery.com) |
| Integration Capabilities | Native bidirectional ERP integrations via Nakisa Cloud Connector: SAP S/4HANA & ECC (via SAP JCo), Oracle Cloud Financials, and Workday; validated and marketplace-listed. (nakisa.com) Supports REST APIs for third‑party tools (e.g., BlackLine), real‑time master‑data sync, and automatic GL postings. (nakisa.com) Scales to ~45 concurrent ERP integrations. (nakisa.com) | Managed integrations to SAP, Oracle, Workday, and NetSuite; automated GL journal-entry posting; AP/AP history and reconciliation integrations; inbound fleet/equipment supplier feeds; and connectivity with other lease administration systems. Integrations are hosted/supported by CoStar to keep data flowing across financial systems. (costarmanager.com) | Connects to 140+ ERPs/EPMs (e.g., SAP, Oracle, Microsoft, JDE, Infor, Workday, NetSuite). Direct SAP posting via Process Runner templates. REST APIs and SFTP for inbound/outbound data. GL/AP journal exports with posting acknowledgments. Real-time feeds and IT-free export features. (insightsoftware.com) | N/A | Integrates with any ERP/GL via out-of-the-box connectors; choose automated journal-entry push or configured JE export matching your ERP template. (finquery.com) Native NetSuite SuiteApp (“Built for NetSuite”). (finquery.com) Certified Acumatica app. (finquery.com) Direct integrations with Sage Intacct/X3 and Microsoft Dynamics 365 Finance/Business Central; supports SAP, NetSuite, Sage, Microsoft via LeaseQuery Connect. (finquery.com) |
NakisaCompany Information
API Resources
Description
Nakisa empowers global enterprises to plan and manage their most valuable assets: people, real estate, and equipment. The company's AI-driven platform connects strategy to execution to unlock efficiency and accelerate growth.
What They Do
Provide AI-driven enterprise solutions for HR, finance, and real estate management.
Who They Serve
Global enterprises across various industries including retail, finance, government, pharmaceuticals, and more.
Key Value Propositions
Case Studies
What Customers Say
"Nakisa has a lot to offer in terms of flexibility, user-friendliness, and ERP Integration."
— Dana Jircikova, Head of Capital and Financial Investments Reporting at Nestlé
"Nakisa helped us visualize the organization in different ways for effective planning."
— Brigín Walsh, Senior Organization Effectiveness Consultant at AIB
Customer Reviews
Holger Wegerer
Global Director Corporate Accounting at PUMA
With Nakisa, month-end closing processes are straightforward and efficient.
Target Customers
Industries Served
Trusted By
Contact Information
Summary
An enterprise lease accounting and management suite built for large, complex portfolios. It supports parallel compliance with ASC 842 and IFRS 16, advanced mass operations, and native integrations with SAP, Oracle, and Workday.
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
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
Resources
Detailed Comparison
Scalability for M&A
Compliance Automation
Integration Capabilities
CoStar GroupCompany Information
Description
Transform your lease management and accounting with Visual Lease, the enterprise solution designed to unify your lease portfolio and empower informed business decisions.
What They Do
Visual Lease provides lease management and accounting software for enterprise organizations, streamlining lease administration and ensuring compliance with accounting standards.
Who They Serve
Visual Lease serves enterprise-level companies across various industries, including finance, real estate, manufacturing, and healthcare.
Key Value Propositions
Case Studies
AAM Case Study — AAM
Managing a global lease portfolio with tight controls using Visual Lease.
Read Case Study →Acrisure Case Study — Acrisure
Tackling an active lease portfolio by systematizing acquisitions and making data-driven decisions.
Read Case Study →What Customers Say
"After I open my email, I open up Visual Lease."
— Lee Ebaugh, Director of Global Real Estate and Business Continuity
Target Customers
Industries Served
Trusted By
Contact Information
Key Pages
Navigation Links
Summary
Enterprise-grade lease accounting software that automates ASC 842/IFRS 16 for both real estate and equipment. It centralizes lease data, provides audit-ready reporting, and integrates with ERPs to accelerate closes and standardize disclosures.
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
Lease Accounting Software Built for Audit Readiness and Scale
Enterprise accounting teams rely on CoStar Real Estate Manager to simplify compliance and eliminate manual effort. The lease accounting platform automates ASC 842 and IFRS 16 reporting, integrates with major ERP systems, and centralizes every lease in one secure, audit-ready environment.
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
Resources
Supporting Resources
Detailed Comparison
Scalability for M&A
Compliance Automation
Integration Capabilities
insightsoftwareCompany Information
Description
insightsoftware is a provider of solutions for finance, accounting, and operations, delivering comprehensive data connectivity and analysis capabilities designed for CFOs and finance professionals.
What They Do
Provide software solutions for finance, accounting, data connectivity, analytics, and reporting.
Who They Serve
Finance and accounting professionals, CFOs, and organizations using ERP systems.
Key Value Propositions
What Customers Say
"I’m a big fan of Jet Reports. I tell everybody Jet Reports is the best tool we’ve ever had for the company."
— Christian Ortmann, CEO
"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."
— Brian Meyers, Controller
"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."
— Laura Martinez, ERP Project Manager
Target Customers
Industries Served
Trusted By
Contact Information
Key Pages
Summary
Enterprise lease lifecycle platform covering lease administration and ASC 842/IFRS 16 accounting for equipment and real estate. Offers deep ERP connectivity and an accounting subledger to streamline journal posting and reconciliations.
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
- Real Estate Management
- Equipment Lease Control
- Compliance Automation
- Competitive Sourcing
- Audit-Ready Reporting
- Portfolio Optimization
- Scalable Lease Systems
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
Centralize and streamline lease management with advanced solutions designed for compliance, portfolio control, and cost efficiency.
- Automation
- Deep insights
- Flexible configurations
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
Use cases for real estate, equipment, compliance, sourcing, reporting, portfolio optimization, and scalability.
- Real Estate Management
- Equipment Lease Control
- Compliance Automation
- Competitive Sourcing
- Audit-Ready Reporting
- Portfolio Optimization
- Scalable Lease Systems
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
Resources
Supporting Resources
Detailed Comparison
Scalability for M&A
Compliance Automation
Integration Capabilities
CoStar GroupCompany Information
Description
Transform your lease management and accounting with Visual Lease, the enterprise solution designed to unify your lease portfolio and empower informed business decisions.
What They Do
Visual Lease provides lease management and accounting software for enterprise organizations, streamlining lease administration and ensuring compliance with accounting standards.
Who They Serve
Visual Lease serves enterprise-level companies across various industries, including finance, real estate, manufacturing, and healthcare.
Key Value Propositions
Case Studies
AAM Case Study — AAM
Managing a global lease portfolio with tight controls using Visual Lease.
Read Case Study →Acrisure Case Study — Acrisure
Tackling an active lease portfolio by systematizing acquisitions and making data-driven decisions.
Read Case Study →What Customers Say
"After I open my email, I open up Visual Lease."
— Lee Ebaugh, Director of Global Real Estate and Business Continuity
Target Customers
Industries Served
Trusted By
Contact Information
Key Pages
Navigation Links
Summary
A lease accounting and administration platform known for rapid implementations and strong integrations. It streamlines ASC 842/IFRS 16 compliance with audit controls, flexible reporting, and tools that ease migration from spreadsheets or legacy systems.
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
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.
Resources
Supporting Resources
Detailed Comparison
FinQueryCompany Information
Description
FinQuery automates the journey from source document to subledger, streamlining your close, simplifying your audit, and centralizing your data.
What They Do
FinQuery provides accounting software solutions that automate lease accounting, prepaid, and accrual accounting, as well as contract management.
Who They Serve
They serve accounting firms, finance departments, and various organizations needing compliance with accounting standards.
Key Value Propositions
Customer Reviews
Target Customers
Industries Served
Trusted By
Summary
CPA-built lease accounting software delivering ASC 842 and IFRS 16 compliance with strong controls and reporting. It serves as a cloud subledger that integrates with any ERP and includes AI-assisted data entry to reduce manual effort.
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
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
Seamlessly integrates with any ERP to automate journal entries, reduce errors, and consolidate data from multiple sources.
- Integrates with NetSuite, Infor, Acumatica, Sage, Microsoft, SAP, QuickBooks, Workday, and more
Small Portfolio Lease Accounting
LeaseGuru makes it simple and secure to account for small lease portfolios, producing the required schedules, journal entries, and disclosures for ASC 842 or IFRS 16 compliance. Free for first 2 leases.
- Simple and secure for small portfolios
- Free for first 2 leases
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
Resources
Detailed Comparison
Scalability for M&A
Compliance Automation
Integration Capabilities
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:
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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