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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 Occupier?

Commercial tenants with growing lease portfolios often run real estate in spreadsheets and lease accounting in a separate tool, which leads to missed notice deadlines and a stressful month-end close. Occupier replaces both with one tenant-focused platform for lease administration and ASC 842 and IFRS 16 lease accounting. Occupier is designed for mid-market organizations holding between 30 and 500 leases across many locations. Customers include restaurant and franchise operators, retail chains, healthcare organizations, and fitness companies, along with professional services firms that lease offices in multiple markets. For real estate teams, Occupier Lease Administration sends alerts before renewals, expirations, escalations, and option deadlines, and keeps every lease, amendment, and key clause searchable in one place. Occupier Portfolio Analytics gives leadership a live view of rent, obligations, and locations, while Occupier Deal Management follows prospective sites through the pipeline. For finance teams, Occupier Lease Accounting calculates ASC 842 and IFRS 16 balances, creates monthly journal entries and amortization schedules, and produces disclosure reports ready for auditors. It integrates with NetSuite, and auditors can be granted access to the platform directly. Getting started is fast. Occupier Lease Abstraction uses AI to pull dates, rent terms, and over 120 clauses from existing leases, then Occupier’s specialists check every abstract. Most companies are fully live in 4 to 6 weeks, with in-house CPA guidance during setup. Occupier works only for the tenant side of the lease, never for landlords, and every subscription includes unlimited users.

Media

Media

Integrations Supported

Property Tax Plus

Integrations Supported

NetSuite

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Annual subscription priced by number of active leases. Every plan includes unlimited users, with no per-seat fees or hidden costs. Choose Basic, Professional, or Enterprise, and add Lease Accounting, Deal Management, Business Licenses, or Equipment Leases as needed. Contact Occupier for a quote.

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

PowerPlan

Date Founded

1994

Company Location

United States

Company Website

powerplan.com

Company Facts

Organization Name

Occupier

Date Founded

2018

Company Location

United States

Company Website

www.occupier.com

Categories and Features

Decision Support

Not specified

Lease Accounting

Asset Management
Billing & Invoicing
Budgeting & Forecasting
Expense Tracking
For Equipment Leases
For Real Estate
Payment Tracking

Categories and Features

Lease Accounting

Amortization Schedule
Billing & Invoicing
Critical Date Alerts
For Equipment Leases
For Real Estate
Payment Tracking
Portfolio Management
Tax Management

Lease Management

Billing & Invoicing
Commercial Leases
Contact Management
Portfolio Management
Retail Leases

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