Lease accounting software

Comply 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

Work through myriad issues involved with implementing new standards under FASB ASC 842 and IFRS 16 with the Crowe Lease Accounting Optimizer. 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. All in a single solution.

Discover why Marshalls PLC uses our lease accounting software

 


Crowe Lease Accounting Optimizer features and benefits

Features

  • One-click lease payments
  • Financial forecasting
  • Automated recordkeeping
  • Integrated compliance
  • Cloud-based access
Features of lease accounting software
Benefits of using lease accounting software

Benefits

  • Reduced manual data entry
  • Better visibility into current developments
  • Streamlined lease accounting processes
  • Secure, easy-to-access portal

Tips on implementing the 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.

Get full list of tips for private companies

Public companies led the way in implementing the new standards. Private companies should take note of these high-level takeaways as they approach their Dec. 15, 2019, deadline.
Lease Accounting Standard

Are you prepared for the new lease accounting standards?

Access our resources to get information about what to expect – and how to get ready for the transition.

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