Lease accounting optimizer

Lease accounting software

Automate compliance with the new standards using lease accounting software embedded within Microsoft Dynamics™ 365, Microsoft Dynamics AX, and NetSuite platforms.

The new lease accounting standards are here

Get lease accounting software that can help you reduce risk and accelerate compliance activities.

Optimize your transition with lease accounting software  from Crowe

Complying with new standards under FASB ASC 842 and IFRS 16 can be a heavy lift, especially if you’re trying to handle everything manually in spreadsheets. But it doesn’t have to be this way. 

The Crowe Lease Accounting Optimizer gets you ongoing, automated compliance with new standards—and that’s just the beginning. Use detailed and dynamic views to examine multiple leases by group, classification, initial measurement of right-of-use assets, and liability. Improve the accuracy and timing of payments on leases while watching your organization’s cash flow. It’s a single solution that saves you lots of headaches.

Discover why Marshalls PLC uses our lease accounting software

 


What you’ll get with the Crowe Lease Accounting Optimizer

1-click lease payments
Gain productivity with increased payment efficiency. Features like 1-click lessee/lessor leases help your organization comply and simplify lease management and reporting for years to come. 
Visibility and forecasting 
See and analyze the effect that lease regulatory changes will have on your financials. 
Automated recordkeeping 
Automated general ledger journals for initial recognition, interest, interest accrual, payment to vendor/customer, present value calculation, and more. 
Integrated compliance 
Accelerate user adoption with a solution fully embedded in NetSuite, Microsoft Dynamics 365, or Microsoft Dynamics AX. 
Secure, cloud-based access 
Access your data from any device wherever you need to do work. 
Reduced manual data entry 
Reduce the risk of error by setting up a lease and the corresponding schedules. 
Detailed and dynamic views 
Examine multiple leases by group, classification, initial measurement of right-of-use assets, and liability. 
1-click lease payments
Gain productivity with increased payment efficiency. Features like 1-click lessee/lessor leases help your organization comply and simplify lease management and reporting for years to come. 
Visibility and forecasting 
See and analyze the effect that lease regulatory changes will have on your financials. 
Automated recordkeeping 
Automated general ledger journals for initial recognition, interest, interest accrual, payment to vendor/customer, present value calculation, and more. 
Integrated compliance 
Accelerate user adoption with a solution fully embedded in NetSuite, Microsoft Dynamics 365, or Microsoft Dynamics AX. 
Secure, cloud-based access 
Access your data from any device wherever you need to do work. 
Reduced manual data entry 
Reduce the risk of error by setting up a lease and the corresponding schedules. 
Detailed and dynamic views 
Examine multiple leases by group, classification, initial measurement of right-of-use assets, and liability. 

Tips on implementing new standards

Involve other key departments
Bring in legal, purchasing, IT, real estate, and others involved with leases to be part of the transition process.
Take a project management approach
Many stakeholders need to be involved in data collection and trained in new procedures, applications, and requirements. The accounting department can lead the transition as the project sponsor.
Invest in the right software solutions
Involve IT early to help evaluate software solutions and advise on selecting one that streamlines data collection and can be easily embedded in existing company systems.
Involve other key departments
Bring in legal, purchasing, IT, real estate, and others involved with leases to be part of the transition process.
Take a project management approach
Many stakeholders need to be involved in data collection and trained in new procedures, applications, and requirements. The accounting department can lead the transition as the project sponsor.
Invest in the right software solutions
Involve IT early to help evaluate software solutions and advise on selecting one that streamlines data collection and can be easily embedded in existing company systems.

10 things private companies need to know 

Public companies led the way in implementing the new standards. As your private company approaches the deadline, you can benefit by taking note of what was learned.

Stay compliant and increase efficiency with cloud-based lease accounting software from Crowe

Contact us

Have questions? Get in touch with a specialist to find out how our lease accounting software can help you.
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Amar Gandhi
Consulting