Why use the Aptitude Lease Accounting Engine?
- Transition easily to ASC 842 and IFRS 16
- Deliver consistent and auditable lease accounting
- Understand financial impact of individual leases
- Address complex accounting scenarios e.g multi-asset class, multi-GAAP, FX translations, sub-leases etc.
What it does:
- Integrates lease contract data via Excel, Lease Management Systems, or manual entry
- Delivers multi-GAAP, multi-entity, multi-currency lessee and lessor accounting
- Generates trial balances on individual lease contract, component or portfolios
- Produces customizable disclosure reports
- Models the most complex lease accounting scenarios
“We have calculated that the new rules will require 66 times more journal entries, which will challenge our finance team to automate lease accounting within financial processing work flows.”