Portfolio Manager vs. Bloomberg Tax & Accounting Leased Assets

Blue Sky's "Portfolio Manager" Lease Management Software offers a user-friendly SaaS solution for the centralized oversight of lease agreements. This platform enhances the management of lease and maintenance contracts throughout their entire lifecycle, thereby bolstering the audit process, lowering expenses, boosting cash flow, and reducing risk through a unified view that enhances enterprise value. Furthermore, Portfolio Manager facilitates comprehensive status management for ongoing leasing RFPs, enabling users to track statuses, notes, documents, and subsequent actions for each active project. The software supports efficient data entry through flat file data imports and is highly customizable, featuring extensive reporting functions. Users can export any data field to Excel via the report writer, and pre-built templates are designed to integrate with most ASC842 lease accounting software. Additionally, the automated management of end-of-lease terms includes customizable parameters and alerts, ensuring that users never overlook a lease expiration. For those with specific needs, custom programming options are also available, making it a versatile choice for lease management. Overall, Portfolio Manager stands out as a comprehensive tool for organizations looking to optimize their lease management processes effectively.

Compliance with ASC842 and IFRS16 has been successfully attained. Bloomberg Tax & Accounting Leased Assets manages a wide array of leased asset categories and provides complex calculations for right-of-use assets, as well as lease liabilities. Our software-as-a-service (SaaS) offering ensures accurate classification, accounting, and reporting of leased assets, adhering to the most current guidelines of IFRS 16 and ASC 842. By facilitating smooth integration with multiple ERP, GL, and AP systems, leasing solutions, and other internal platforms, we enhance operational efficiency. This empowers clients to confidently fulfill the requirements of ASC 842 and IFRS 16. Additionally, our automated lease accounting workflows significantly increase productivity while maintaining accuracy through comprehensive calculations, thereby promoting a more organized method for compliance and reporting. Ultimately, our solutions not only streamline processes but also foster a proactive approach to managing leased assets.