LeaseAccounting.app vs. Formis

LeaseAccounting.app is the self-serve IFRS 16 and FRS 102 lease accounting platform built for SME finance teams that need audit-ready compliance without spreadsheets, implementation consultants, or six-figure software contracts. Made by ZenTreasury Oy in Helsinki, Finland with EU-only data hosting. Who it's for: group controllers, finance managers, and CFOs at companies reporting under IFRS 16, FRS 102 (UK GAAP), and ASC 842 (coming soon), typically managing 5 to 50 leases across 1 to 10 entities. Core workflow: upload your lease contracts; AI-assisted contract extraction reads each PDF and proposes around 25 fields with confidence scoring; you review and approve; the deterministic calculation engine produces the right-of-use asset, lease liability, journal entries, schedules, modifications, remeasurements, and indexation entries automatically. Same inputs, same outputs, every time. Zen AI is advisory only and never touches a calculation. Capabilities include: Discount Rate Advisor (reference rates from central bank sources, AI drafts the rate memo for review), continuous compliance monitoring (flags indexations due, expiring leases, and overdue reassessments daily), multi-entity bookkeeping from day one, one-click audit evidence packs that auditors can verify independently, and auditor portal access with activity logging (coming soon). Integrations: journal export to SAP (BKPF/BSEG), Oracle (FBDI), Microsoft Dynamics, and NetSuite formats. Azure AD / Entra ID SSO with JIT provisioning and domain verification. Live Sage Intacct API integration in development. Pricing: free tier covers 2 leases with no credit card required. Starter €149, Growth €349, Pro €699 per month, with no per-seat pricing and generous team access included on every tier. Built IFRS-first, EU-hosted, and fully self-serve. The alternative to spreadsheet chaos and consultant-heavy enterprise lease tools.

Formis is a specialized tool for construction project management that aims to simplify crucial functions such as RFIs, submittals, transmittals, document control, and approvals, specifically crafted for general contractors who want to oversee projects without the high expenses associated with traditional enterprise software or significant implementation costs. Its user-friendly self-service form builder and workflow engine empower project managers to create forms, set up routing and approval workflows, and adjust notifications on their own, removing the dependence on outside consultants and facilitating personalized workflows. Functioning as a single source of truth, Formis keeps a detailed document register that monitors versions, revisions, and transmittals along with tracking acknowledgments, allowing users to interact with external partners without incurring extra expenses for additional paid seats. When team members need quick access to answers within indexed project documents, Formis AI efficiently pulls relevant details, citing the exact sheet and page before an RFI is submitted, which boosts team productivity while still respecting the knowledge of the Engineer of Record. Additionally, the pricing structure is uncomplicated, based on the number of user seats, with transparent and published rates, and notably, there are no setup costs, making it an attractive option for teams aiming to enhance their project management efficiency. The integration of these features and the commitment to clear pricing allows teams to concentrate on their construction projects without the burden of unnecessary financial stress, ensuring a more streamlined approach to project management. Overall, Formis represents a modern solution to the challenges faced in construction project management, providing both utility and value.