Aptitude Lease Accounting Engine Reviews & Product Details

Aptitude’s Lease Accounting Engine (ALAE) is a standalone, SaaS solution designed to deliver consistent and auditable accounting in compliance with ASC 842 and IFRS 16 out of the box. ALAE is flexible, highly configurable and integrates seamlessly with existing systems, finance workflows, and surrounding architecture. It handles a wide range of complex lease accounting scenarios for both lessees and lessors, providing consistent, consolidated reporting, full visibility, and control. Key capabilities include: -Addresses both lessee adn lessor accounting requirements across all asset classes and revenue line types -Multi-basis accounting to support US GAAP, IFRS adn disclosure reporting requirements from a single data foundation -Flexibility to hendle all current and future challenges of a multi-national lease accouting program including multi-currency, multi-GAAP, multi-lingual and multi-entity frameworks -SOC certified -Disclosure and maturity analysis reporting as well as comprehensive trial balance reporting for individual lease contracts, components and portfolios -Multiple calendar support to allow entity-specific close frequencies to shorten period end processing -Supports many variations of required statutory and management reporting Aptitude's Lease Accounting Engine can also integrate with RevStream, Aptitude's revenue recongnition solution for those companies who need to manage the complex interplay between lease accounting and revenue recognition standards.