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What is Soft4Lessee?

The transition from conventional accounting practices to the revised standards of IFRS 16, AASB 16, and ASC 842 introduces several hurdles for companies, such as adhering to new compliance requirements, the necessity for detailed data gathering and processing, and the heightened complexity faced by accountants. Instead of depending on obsolete lease calculators, organizations should explore modern, streamlined, and intuitive lease accounting software designed specifically to align with IFRS 16, AASB 16, and ASC 842 guidelines. Our cutting-edge lease accounting platform not only simplifies workflows but also offers remarkable adaptability and flexibility to cater to various organizational demands. Whether you are part of a SaaS enterprise or any other type of business, the Soft4Lessee accounting solution improves lease management, making it quicker, more economical, and significantly easier to handle. Additionally, our software enables automation of multiple processes, facilitates seamless data import and export with Microsoft Excel, and supports integration with XML and various other formats, ultimately enhancing operational efficiency and precision. This holistic solution guarantees that your organization stays compliant while refining its lease accounting processes, paving the way for future growth and adaptability in a rapidly changing regulatory landscape. Hence, investing in advanced lease accounting software is a strategic move that can greatly benefit businesses in the long run.

What is Leasecat?

Catsoft Leasecat serves as an all-encompassing lease management tool that streamlines the process of creating reports and performing lease calculations from the perspectives of both lessees and lessors, addressing financial leases, operating leases, and hire purchases. The application allows users to efficiently track lease details relevant to their role, whether they are leasing or leasing out assets. Its reporting capabilities cover aspects such as cash flow assessments, interest rates associated with leases, lease terminations, and summaries of journal entries. Moreover, the platform provides lessees with the flexibility to sub-lease a portion or the entirety of a leased asset to third parties. Users can customize interest charge methodologies and amortization strategies according to their needs. With an integrated report creation tool, individuals can tailor reports by selecting specific fields. The software also has the capability to automatically calculate the interest rate implicit in lease contracts. Additionally, lessees can enter a projected interest rate, which can modify the fair value, or they may explore suggested alternative rental payment scenarios. In summary, Leasecat is an essential resource for effectively managing a wide range of lease agreements, ensuring that every aspect of the leasing process is handled with precision.

Media

Media

Integrations Supported

NetSuite
SAP Business One

Integrations Supported

NetSuite
SAP Business One

API Availability

Has API

API Availability

Has API

Pricing Information

$99 per month
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

Soft4Lessee

Date Founded

2008

Company Location

Lithuania

Company Website

soft4lessee.com

Company Facts

Organization Name

Catsoft

Company Location

United States

Company Website

www.catsoft.com.au/leasecat/

Categories and Features

Financial Reporting

"What If" Scenarios
Audit Trail
Balance Sheet
Cash Management
Consolidation / Roll-Up
Forecasting
General Ledger
Income Statements
Multi-Company
Multi-Department / Project
Profit / Loss Statement

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

Lease Management

Billing & Invoicing
Commercial Leases
Contact Management
Landlord Database
Lease Classification
Portfolio Management
Property Management
Residential Leases
Retail Leases
Sublease Management
Tenant Database

Categories and Features

Lease Management

Billing & Invoicing
Commercial Leases
Contact Management
Landlord Database
Lease Classification
Portfolio Management
Property Management
Residential Leases
Retail Leases
Sublease Management
Tenant Database

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