About Soft4Lessee

SOFT4Lessee is a lease accounting platform designed to help businesses manage their lease contracts and accounting whilst also transitioning and adhering to the accounting standards ASC 842/ IFRS 16/ AASB 16. The tool, which can be purchased as a monthly cloud subscription or full license, allows users to maintain compliance and meet all of the latest requirements. SOFT4Lessee offers a range of features for lease accounting including data import and export, lease agreement data management, lease re-measurements, lease status management, and more.

With SOFT4Lessee businesses can manage lease liability, right of use (RoU) assets, non-lease components, variable leases, and more within one centralized system. Lease accountants can import and export data to and from connected systems and SOFT4Lessee integrates with various external platforms including asset management systems, contract management systems, and general ledger platforms. Users can manage lease agreements and store them in an integrated database, and can re-measure and modify leases automatically as needed using tools such as liability calculations and right-of-use assets. Other SOFT4Lessee features include financial reporting, the ability to track lease statuses in real time, and management of lease variables such as price indexes, interest rates, and more.

Key benefits of Soft4Lessee

• Staying compliant: comply with lease accounting standards so you can manage your lease accounting effectively.
• Save hours on lease data import and safely transit from old software/spreadsheets.
• Manage accounting for lease liability.
• Calculate lease liability and present lease liabilities on the balance sheet.
• Perform various ASC 842/ IFRS 16/ AASB 16 related calculations.
• Manage variable leases as per IFRS16 requirements.
• Prepare reports for ASC 842/ IFRS 16/ AASB 16 presentation and disclosures in just a few clicks.
• Seamlessly integrate with other systems for lease data input and G/L output, such as SAP, Oracle, Sage, Xero, F&O and others.
• Multi-company and multi-currencies functions.
• Manage the challenges of dual reporting: calculate and post to General Ledger expenses as per previous IAS 17 standard.

Devices

Business size

S M L

Markets

Australia, Brazil, Canada, China, Germany and 5 others, United Kingdom, India, Japan, Mexico, United States

Supported Languages

English

Images

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Features

Total features of Soft4Lessee: 31

  • Accounting
  • Ad hoc Reporting
  • Amortization Schedule
  • Asset Management
  • Audit Trail
  • Billing & Invoicing
  • Budgeting/Forecasting
  • Built-In Database
  • Commercial Leases
  • Compliance Management
  • Consolidation/Roll-Up
  • Contract/License Management
  • Data Import/Export
  • Document Management
  • Expense Tracking
  • Financial Analysis
  • For Equipment Leases
  • For Real Estate
  • Forecasting
  • General Ledger
  • Income & Balance Sheet
  • Lease Origination
  • Maintenance Management
  • Multi-Company
  • Multi-Currency
  • Multi-Department/Project
  • Property Management
  • Reporting/Analytics
  • Status Tracking
  • Summary Reports
  • Third Party Integrations

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Reviews

Overall rating

5 /5
(2)
Value for Money
5/5
Features
5/5
Ease of Use
5/5
Customer Support
5/5

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Showing 5 reviews of 2
Paul L.
Overall rating
  • Industry: Retail
  • Company size: 10 000+ Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

SOFT4Lessee satisfies our need for this new accounting and reporting compliance.

Reviewed on 2020/10/11

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Pros

It has been so nice working with the SOFT4 team on the Vietnamobile project, from the contract negotiation to the SOFT4Lessee system implementation so far. Our Vietnam team finds SOFT4Lessee is very helpful and efficient in executing the implementation, particularly [SENSITIVE CONTENT HIDDEN] who has been helping us solving many practical issues throughout the implementation.

Cons

As to the product, the SOFT4Lessee solution plus some additional features added to the system for local requirements, satisfies our needs for this new accounting and reporting compliance.

Mittal A.
Overall rating
  • Industry: Logistics & Supply Chain
  • Company size: 501-1 000 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

SOFT4Lessee is great, user-friendly and very cost-effective which can fulfill our requirements.

Reviewed on 2020/10/21

Pros

We chose SOFT4 and SOFT4Lessee because, currently, we are using Microsoft Dynamics 365 as our financial tool for reporting and SOFT4Lessee is set up on the same Microsoft Dynamics platform, so we thought it was going to be easy for any future interface/integration. SOFT4Lessee is great, user-friendly and very cost-effective which can fulfill our requirements. We are very happy with the SOFT4 team, they are very polite, friendly, cooperative and they helped us through the data setup process without any trouble.

Cons

I didn’t face any system cons, SOFT4Lessee fulfills our requirements.

Soft4Lessee FAQs

Below are some frequently asked questions for Soft4Lessee.

Soft4Lessee offers the following pricing plans:

  • Starting from: US$199,00
  • Free Trial: Available

SOFT4Lesse is available as a subscription-based model or purchased license. Contact them for pricing information.

We do not have any information about Soft4Lessee features

Soft4Lessee has the following typical customers:

2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

Soft4Lessee supports the following languages:

English

Soft4Lessee supports the following devices:

Android (Mobile)

Soft4Lessee integrates with the following applications:

NetSuite, SAP Business One

Soft4Lessee offers the following support options:

Email/Help Desk, FAQs/Forum, Chat

Related categories

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