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ease
features
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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 Leasevana?

Leasevana is a Windows desktop application designed specifically for lease accounting in accordance with IFRS 16, primarily serving corporate finance teams and lessees. The application calculates right-of-use (ROU) assets and lease liabilities derived from lease agreements, and it also produces schedules for amortization and depreciation. Finance professionals can adjust these schedules to reflect renewals, extensions, early terminations, and changes in consideration, enabling them to track incremental borrowing rates and weighted-average discount rates relevant to new leases and reassessments. Moreover, the software supports IFRS 16 disclosure reporting and includes an optional PDF lease abstraction feature that can leverage a Google Gemini API key provided by the user to automatically retrieve vital information such as dates, options, and payment amounts. Leasevana functions locally on Windows without the need for cloud storage or external databases, thereby enhancing data privacy and security. It is available for free download from the Microsoft Store, although users are encouraged to seek guidance from qualified professionals to confirm the accuracy of their results. With its intuitive design and comprehensive features, Leasevana aims to significantly enhance the efficiency of the lease accounting process and provide users with valuable insights into their leasing activities. This makes it an essential tool for organizations looking to manage their lease obligations effectively.

Media

Media

Integrations Supported

NetSuite
SAP Business One

Integrations Supported

Gemini

API Availability

API Availability

Pricing Information

$99 per month
Free Trial Offered?

Pricing Information

Free
Free download and use.
Free Version

Supported Platforms

SaaS
Android
Windows
Mac

Supported Platforms

Windows

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub

Training Options

Not specified

Company Facts

Organization Name

Soft4Lessee

Date Founded

2008

Company Location

Lithuania

Company Website

soft4lessee.com

Company Facts

Organization Name

Wicked System Studio

Company Website

wickedsystemstudio.com/leasevana.html

Categories and Features

Financial Reporting

Audit Trail
Consolidation / Roll-Up
Forecasting
General Ledger
Multi-Company
Multi-Department / Project

Lease Accounting

Amortization Schedule
Asset Management
Budgeting & Forecasting
Expense Tracking
For Equipment Leases
For Real Estate

Lease Management

Commercial Leases
Lease Classification
Property Management
Sublease Management

Categories and Features

Lease Accounting

Not specified

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