Can you leverage leases or contracts maintained in spreadsheets?
Absolutely, many of our customers are migrating from spreadsheet-based solutions. We can accept virtually any flat-file and upload most mandatory fields automatically.
What types of reporting and analytics are supported?
The solution provides out of the box disclosure reporting capabilities and also includes additional reports such as dashboards for internal decision making and analysis, and transaction reports for reconciliation purposes. Additional capabilities are supported through integration with 3rd party BI tool.
Does your solution support lease amortization, retirement, and revaluation?
Yes, and available out of the box with no configuration required.
What types of audit reports are available?
Audit reports are available out of the box and include a full change log and audit trail which captures each time-stamped event with user ID, comments, and other relevant details. This information is always available and always remains linked to your contracts.
What data elements are captured in the solution and are these elements customizable?
The solution can capture all data elements to manage, assess and perform the appropriate accounting for master lease agreements as well as addendums, schedules, and contracts. Data elements are easily configurable to support each individual customer's business processes.
How are middle of the term changes to a lease recorded and documented?
The solution is designed to handle all lease-life events including renewals, terminations, re-assessment and casualties in the appropriate accounting period.
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