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What is PowerPlan?

PowerPlan's Lease Accounting Solution Suite empowers organizations to develop their optimal approach for adhering to ASC 842 and IFRS 16 lease accounting standards. This all-encompassing solution supports a range of accounting frameworks, including GAAP, IFRS, and FERC. Users can leverage scenario analysis within the software to evaluate various adoption strategies and refine their methodologies for implementing the new lease accounting regulations. It adeptly manages a diverse set of capital and operating leases, spanning equipment, real estate, and power purchase agreements. The suite effectively reduces audit risks by automating previously manual tasks, thus improving the precision of billing, reporting, and documentation. Moreover, features such as integrated invoice generation enhance collaboration with billing departments, resulting in better traceability and recognition of receivables. It also automates lease calculations across a wide range of complexities, addressing simple to more complex scenarios that involve variable rates and changing lease terms. Ultimately, this comprehensive solution not only streamlines compliance but also significantly boosts operational efficiency for companies facing the intricacies of lease accounting, allowing them to focus on their core business activities. By providing these essential tools, PowerPlan enables organizations to navigate the evolving landscape of lease management with greater ease and confidence.

What is Crunchafi Lease Accounting?

Crunchafi Lease Accounting—formerly LeaseCrunch—is a powerful, cloud-based platform that simplifies lease compliance for firms and enterprises alike. It automates every stage of the lease accounting process, enabling teams to generate accurate ASC 842, GASB 87/94/96, and IFRS 16-compliant reports without manual spreadsheets or complex calculations. Users can upload lease documents, and Crunchafi’s AI lease abstraction automatically identifies critical details such as terms, renewal options, start/end dates, and asset classifications. The system then produces audit-ready journal entries, amortization schedules, and footnote disclosures in just a few clicks. With Dual Access, firms and clients collaborate securely from one dashboard, ensuring data consistency and eliminating redundant work. Annual SOC 1 Type II and SOC 2 Type II reports verify the platform’s commitment to secure, accurate, and transparent financial reporting. Crunchafi also provides comprehensive training and support, including resources from CPAs, Big Four auditors, and financial software experts. Its intuitive workflows shorten implementation time and minimize errors, allowing firms to save hours per engagement. Whether managing a few leases or thousands, Crunchafi scales effortlessly to fit your organization’s needs. With automation at its core, it transforms lease accounting from a manual burden into a strategic advantage.

Media

Media

Integrations Supported

Property Tax Plus

Integrations Supported

Property Tax Plus

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

PowerPlan

Date Founded

1994

Company Location

United States

Company Website

powerplan.com

Company Facts

Organization Name

Crunchafi

Date Founded

2016

Company Location

United States

Company Website

www.crunchafi.com

Categories and Features

Decision Support

Application Development
Budgeting & Forecasting
Data Analysis
Decision Tree Analysis
Monte Carlo Simulation
Performance Metrics
Rules-Based Workflow
Sensitivity Analysis
Thematic Mapping
Version Control

Fixed Asset Management

Asset Budgeting
Asset Lifecycle Management
Audit Trail
Barcoding / RFID
Depreciation Management
Disposal Management
Document Management
Inventory Tracking
Tax Management

Lease Accounting

Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management

Categories and Features

Lease Accounting

Amortization Schedule
Asset Management
Billing & Invoicing
Budgeting & Forecasting
Capitalization Reporting
Critical Date Alerts
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management

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