LEASE ACCOUNTING SOFTWARE

Orchestrate and accelerate your lease accounting compliance

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Why choose Prophix One^™ for lease accounting

Compliance made easy

Manage lease accounting complexity with a lease accounting software solution fit for your compliance needs following IFRS 16, ASC 842 and FRS 102 reporting standards.

Automate and simplify your lease accounting processes

Automate manual tasks and remove bottlenecks in your processes with a single solution designed to improve efficiency and reduce the risk of errors.

Level up your lease management

Improve the control and visibility over key leasing events and transparency of your lease portfolio so you can remain agile in a fast-changing environment.

Ensure accuracy and integrity

Trust that your data is reliable, and your calculations are accurate. Track modifications to your leases and improve the auditability of your entire lease accounting process for transparent lease management.

Next-Gen Finance with Prophix One^™

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Screenshot of A1 Lease Agreement section in Prophix One

Centralized platform solution to meet your compliance needs

Optimize your lease accounting operations using a single collaborative platform that aligns with key finance processes. All key events affecting lease accounting are documented in one secure location, enabling staff accountants, controllers, and other teams access to important leasing information when needed.

Screenshot of Modifications section in Prophix One

Empower your teams with an easy-to-use solution

Automate important, but repetitive, tasks to make your lease accounting more agile and less burdensome. Boost your team’s efficiency and morale with a user-friendly intuitive solution and quick, effortless onboarding process.

Trusted by over 2,500 customers

Driving reporting accuracy and data confidence

SpaceSaver

Spacesaver’s financials used to be a mystery three days into their four-day close process. Now, their finance team can have an informed discussion on their data on day two.

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Health Connect America

With Prophix One, Health Connect America decreased month-end reporting process time from 4.5 days to 2 days and their Operating Contribution actuals to budget variance improved from 16% to 6%.

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Electra Link

Automating their financial processes reduced the time Electra Link staff spend on preparing financial statements. Now, their financial reporting provides more depth to division managers with better visibility into KPIs.

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Finance as we know it is changing

What does the next generation budgeting and planning software look like for the Office of the CFO? Learn how to research, evaluate, and purchase budgeting and planning software. Check out the Ultimate Guide to Next-Gen Finance.

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Lease accounting made simple

Ensure compliance with IFRS 16, ASC 842 and FRS 102 reporting standards

Eliminate the complexities of lease accounting.

Stay up to date on all modifications.

Maintain an audit trail of your financial and non-financial data.

Enhance real time collaboration.

Frequently asked questions

Lease accounting software helps organizations comply with lease accounting standards like IFRS 16, ASC 842 and FRS 102 by automating calculations, financial reporting, and disclosures. It centralizes lease data management and offers features for managing lease renewals, modifications, and payments. Additionally, lease accounting software provides tools for multi-entity reporting and maintaining audit trails, ensuring accuracy and compliance in lease accounting.

Lease accounting software streamlines compliance with complex accounting standards, reducing the risk of errors and ensuring accurate financial reporting. It also enhances efficiency by automating lease management tasks, improving data organization, and supporting strategic decision-making with advanced reporting and analysis tools.

Lease accounting software is typically customizable to meet the specific needs of different organizations. Users can often tailor data collection, reporting templates, as well as adjust settings for lease classifications, currency management, and multi-entity structures.