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LEASEACCELERATOROracle Lease AccountingSolutionLeaseAccelerator offers a complete lease accounting solution forcompanies with Oracle-centric financial systems. Our application supportsboth the new lease accounting standards (ASC 842 and IFRS 16) and thecurrent standards (ASC 840 and IAS 17). LeaseAccelerator was designedfrom the ground up to support all categories of leases from land andbuildings to IT and data center equipment. Using our API and integrationtools, journal entries from LeaseAccelerator can be uploaded to Oracle,PeopleSoft, NetSuite, JD Edwards, or other ERP applications.
Journal EntriesCommencementOperating ExpenseInterest ExpenseDepreciation ExpenseAmortization ExpenseShort/ Long-Term ReclassificationRe-Measurement AdjustmentsLeasing DataClassificationsPolicy ElectionsEconomic LivesDiscount RatesFixed & Variable RentsPayment FrequenciesEnd-of-Term OptionsModifications and ChangesA Single Subledger For All Your LeasesAt the core of our software application is a lease accounting subledger anda specialized accounting engine that generate the necessary journal entriesfor upload to your Oracle general ledger.
Global LeaseAccounting EngineLease Accounting SubledgerThe accounting engine capturesare stored locally in the subledger, includingall the data about each lease,commencement, expense recognition, and principalincluding classifications, policyreduction as well as short-term and long-termelections, economic lives andre-classifications. LeaseAccelerator offers a truedepreciation terms, discountsubledger in which depreciation expenses are calculatedrates, key dates for contract andin our application. There are no complex dependenciesaccounting origination and ter-on external fixed asset management systems. Debitsmination, end-of-term options,and credits are generated at an asset level but can bepayment frequencies, and fixedaggregated to a schedule or a portfolio level as well.All the journal entries needed for the new standardsand variable rents. The enginethen uses the data to generate aset of debits and credits for yourleasing transactions.IFRS And US GAAPLeaseAccelerator can perform multiple, synchronous “set of book”accounting under both the current standards (ASC 840 and IAS 17) andthe new standards (ASC 842 and IFRS 16). It will also enable companiesto report in both US GAAP and IFRS, should you need to issue financialstatements and disclosures for both standards.FASBASC 840FASBASC 842IAS17IFRS16
Automate The Record-To-Report ProcessLeaseAccelerator automates the most time-consuming activities inthe record-to-report process. As a result:Automated LeaseClassificationCost Center AllocationLeaseAccelerator’s softwareyour budgeting, reporting,enables companies to performautomated classification testingYou will have fewerexceptions toprocess manually.based on your company’spolicy thresholds. Policies canbe configured for purchaseoptions, economic life and fairmarket value assessments, andownership transfer. Additionally,LeaseAccelerator can supportand profit and loss analysiswith responsibility centeraccounting for leases. Allocatethe individual assets on thesame schedules to differentcost centers or split theallocation for a single assetacross multiple cost centers.accountants can record notesYou are less likelyto need a largerheadcount tocomply with thenew standards.You will have fewerrisks of a delay inyour closing process.about judgments related to theclassifications or decisions tooverride test results.Lease AccountingReportsLeaseAccelerator offers aReassessment andModificationsfull library of accountingreports which offer a detailedanalysis of your leasingAs situations arise requiring atransactions. Examples includereassessment or modificationthe amortization schedule,to the accounting for a specificpayment schedule, triallease, LeaseAccelerator enablesbalances, maturity analysis,users to analyze changes inroll forward, and trend reports.assets, terms, and payments.Additionally, users can leverageAccounting teams can determineour embedded businessasset and liability re-valuationintelligence application towith related gains and losses. Theconfigure customized reportssystem also supports changesspecific to their unique needs.in estimates which are notconsidered modifications.
All Categories of LeasesMaterialHandlingIT & DataCenterRealEstateVehicleFleetReal Estate, IT, Fleet,And MoreDiverse Range OfLease StructuresDiverse Range OfPayment SchedulesOur Enterprise LeaseWith LeaseAccelerator, youWith LeaseAccelerator, youAccounting solution willcan perform accounting andcan perform accounting andtrack all of your real estate,management of gross andmanagement of a wide rangematerial handling, vehiclenet real estate leases withof fixed and variable rentfleet, corporate aircraft,common area maintenanceschedules. The applicationtransportation, IT, data center,(CAMs) charges, leasesupports variable paymentsand other assets in a singleincentives, property taxes,linked to market indicessubledger. Unlike many of theinsurance fees, and othersuch as the Consumer Priceapplications on the market thatmiscellaneous charges.Index (CPI), rents based uponwere designed for real estate,Additionally, LeaseAcceleratorhistorical sales, and feesLeaseAccelerator was builtsupports a diverse range ofbased upon actual usage offrom the ground up to supportequipment leases, includingthe asset. LeaseAcceleratorany category of leased asset.first amendment, synthetic,can account for rentdollar out, fair market value,payments made in advanceTRAC, SplitTRAC, and stepor arrears as well asleases.mid-month payments.
Integration With Your FinancialApplicationsYou can synchronize data between our lease accountingapplication and your Oracle financial systems using our industrystandard API or secure file transfer including:GeneralLedgerFixed AssetManagementMaster DataManagementIntelligently route and postSynchronize leasedPublish location, employee,debits and credits from ourplant, property, andand vendor master datalease accounting subledger toequipment inventories tofrom Oracle Enterprise Dataone or many different Oracleyour Oracle fixed assetManagement to your leasegeneral ledgers. We will trackmanagement systems. Theaccounting software. Keepwhich transactions haveLeaseAccelerator accountingfinancial variables, suchsuccessfully posted so that youengine will calculate theas foreign exchange andavoid the risk of duplicate postsdepreciation expenses forgeneral ledger codes, in sync.or missing journal entries.your right-of-use assetswhich can then be publishedto your fixed asset subledger.
Real EstateAdministrationIT AssetManagementAccountsPayableFixed AssetManagementOther AssetManagementAccountsPayableGeneralLedgerAll ERPSystemsOracle accounts payableReal EstateAdministrationAnd Other AssetManagementSystemsapplications. DownloadLeaseAccelerator can alsoJD Edwards, Microsoft,actual invoiced expenses andconnect to various OracleNetSuite, and other populardisbursements to your leasingReal Estate ManagementERP applications. As a result,subledger.applications as well as thirdyou do not need to createparty real estate systems“one off” exceptions forto synchronize data aboutlease accounting while younew leases, rent scheduleperform ERP consolidationchanges, and end-of-leaseprojects, mergers, anddecisions.acquisitions.Publish expected invoicecharges for leases to yourOur Enterprise LeaseAccounting solution alsoworks with SAP, PeopleSoft,
Software-As-A-Service ModelOur lease accounting application is offered in a software-as-a-service(SaaS) model which means that we handle all of the care and feedingof the underlying technology. The LeaseAccelerator team will provideperformance and health monitoring; system backup and recovery; andadministration of server hardware, databases, and application servers.Additional benefits of the SaaS model include:AcceleratedDeploymentWith SaaS, there is noadditional software orhardware to purchase, install,or configure. LeaseAcceleratorperforms all the setup of thedata center infrastructurewithin just a few days. As aresult, your team can focuson the higher value activitiessuch as populating your leasingdata and configuring youraccounting policies.Hassle Free UpgradesCustomer SuccessWith our SaaS model, we takeIn the traditional softwareresponsibility for managingmodel, the customer assumesupgrades to the application.all the implementationAs changes to the accountingrisk. In the SaaS model,standards are introduced andLeaseAccelerator sharesnew feature enhancementsequal responsibility forare published, you get rapidhelping to achieve businessaccess with our regularlygoals. Shared responsibilityscheduled releases. Your ITbetween the customerteam is not burdened withand our team is critical tothe cumbersome testing andensuring that you achievedeployment process for eachcompliance before thenew enhancement pack.deadlines.
Why LeaseAccelerator?With LeaseAccelerator, you can mitigate your compliance risks andaccelerate your project timeline. Our lease accounting application workstoday. Several Fortune 100 customers are already in production. Otheradvantages of our Enterprise Lease Accounting solution include:accounting application. Andwe are constantly trainingA Mature SolutionOur lease accountingnew consultants via ourmonthly certification courses.application was firstintroduced in 2009. As a result,LeaseAccelerator has beenbattle-tested over almost10 years by real Fortune500 companies that use theapplication to produce financialdisclosures and supportSarbanes Oxley audits.Lower Total CostStructureLeaseAccelerator automatesmany of the more timeconsuming aspects of therecord-to-report process,including lease classification,cost center allocation,Choose YourImplementationProviderKey Advantagesof the Solutionasset-level accounting, andreconciliation reporting.As a result, there will befewer manual exceptionSeveral Big Four firms andprocesses and less of a needconsulting organizationsfor additional headcount toare trained and certified onsupport your lease accountingthe LeaseAccelerator leaseprogram. Current standards (ASC 840,IAS 17) and new standards (ASC842, IFRS 16) Independent leasing subledgerwith no dependencies onexternal applications Complex real estate andequipment lease structures andvariable payment types Asset-level and contract-leveljournal entries Cost center allocation andsplit allocation to multipleresponsibility centers APIs to connect general ledger,accounts payable, fixed asset,and real estate systems Flexibility to connect to Oracle,PeopleSoft, NetSuite, JDEdwards and other applications Automation of time-consumingrecord-to-report tasks thatreduces the need for staff Hassle-free upgrades managedby LeaseAccelerator Customer success programwith shared accountability forachieving project goalsleaseaccelerator.com 1.866.446.0980
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fleet, corporate aircraft, transportation, IT, data center, and other assets in a single subledger. Unlike many of the . connect to various Oracle Real Estate Management applications as well as third party re
