Lease Accounting from LeaseSolution

We are specialists with 25 years experience in portfolio management and LS2, a third generation’ system that combines the critical components of both lease management and lease accounting, suitable for lessees, lessors and those with significant subleasing activities. We have also applied our broad long-term experience to help simplify and automate the three stages of new lease accounting, to help save time, reduce costs and provide confidence in meeting IFRS16/ASC842 compliance in a timely fashion.

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HOW WE CAN HELP WITH YOUR LEASE ACCOUNTING

We have more than 25 years’ experience in managing lease portfolios and have applied that knowledge towards developing LS2 over the past five years, for you to better handle your own lease accounting in-house. We can also help with lease collation; portfolio analysis; lease arrangement and contract negotiation if you wish. For new lease accounting, we have included 48 specific reports comparing IAS17/IFRS16 and ASC840/842 through transition, with online impact analysis comparing Full Retrospective with Modified Retrospective C8bi and C8bii options.

LS2 contains everything for your lease accounting. Your authorised users can access centralised records, including documents, notes, processes, notice alerts, reminders and reports, from anywhere in the world, at any time.

It has been designed by users for users bringing a simple and practical approach to working with leases day-to-day. However, beneath the surface is a very complex and powerful system with extensive calculations and detailed reporting capabilities for all asset types.

LS2 is an ‘off the shelf bespoke system’ and not a ‘one size fits none’ solution. We profile and set everything up for you, with all of the information you currently use, whilst adding anything else that you would like to include.’  This gives a starting point of exactly what you want, but with the comfort of knowing that the system can change and grow with you at any time. There is also unlimited capacity to customise and add functionality to meet unique requirements.

With the unique flexibility and agility of LS2, imagination is the only possible limitation!

Lease Accounting from Lease Solution

‘Working with Vince and his company has improved our processes and has significantly reduced the amount of time we spend on leasing. I am very pleased with the new way of working.’

‘We have the utmost trust in them. They are totally independent and have nothing to gain by pushing us in a certain direction, with everything to lose if our trust goes.’

“The attraction of the LS2 platform was that it was flexible, intuitive to use and scalable to match our aggressive growth targets.”

“As Leasing Operations Manager, stability and flexibility of the system were critical and I can say that LS2 delivers both at reasonable costs and within required timescales.”

“The additional value that was brought was Vince’™s expertise and knowledge of the leasing industry. He was able to act as a true consultant to ensure we got the most out of LS2 whilst optimizing our business model.”

“Vince and his team not only have been proactively providing system support with enthusiasm but also advice, suggestions, and feedback which were very helpful in managing Samsung’™s in-house leases. Very satisfied with LeaseSolution and LS2.”

“I find it easy to navigate around the system and can find straight away all of the necessary information I need. It is laid out in a way I understand and is useful for me so I can see exactly who owes what and when.”