Lease Accounting Software by Yardi
Built on Yardi Voyager, tailored for CRE Occupiers
A comprehensive and integrated solution for the new FASB ASC 842, IASB IFRS 16 and GASB 87 standards. This lease accounting software is built on Yardi Voyager, the best-in-class real estate accounting software. Our lease accounting software is trusted by large global organizations including the publicly traded REITs with lease portfolio across the globe.
Experience meets Accuracy
The lease accounting software is designed to meet the lease accounting needs of the corporate occupiers and their real estate & accounting teams irrespective of the size of their portfolio. Since Yardi started as a real estate accounting software 4 decades ago, our experience and understanding of FASB and IASB standards is reflected in our quality, interface, features and user experience. Large global organizations trust our lease accounting software calculations and reports to present portfolio financials to their investors and boards.
Flexible and Automated
Automate the calculations by using our lease accounting software, which are otherwise very tedious and error prone especially with the new standards the details around it. A real estate focused lease accounting solution by a real estate focused software company will provide accuracy, completeness and peace of mind that Excel or any other generic accounting software cannot. Automatically handle various lease events and milestones like expansion, contraction, renewals, terminations, blend & extend etc. and its impact on financial calculations with ease.
Features that work for organization of any size
View financial information alongside lease administration workflows to connect the dots. Create disclosure reports automatically and within seconds across asset type or portfolio. Support for multi-currency and global metrics makes it truly enterprise grade. Built-in lease classification engine, scenario modeling capabilities via different discount rates, periods, landlord incentives & impairments provision enables the accounting teams to calculate and report with confidence.
What makes Corom Lease Management the best lease accounting software for ASC 842 and IFRS 16 compliance?
Our lease accounting software – Corom Lease Management, built on real estate accounting software is a smart choice as it ticks off necessary features like flexibility, correctness, trust and deep accounting software experience.
With 10,000+ clients served, 45+ offices across the world, Yardi is well known to deliver innovative and user-friendly software solutions for lease management and lease accounting. Find more reasons to partner with us below:
- 37+ years of real estate focused solutions
- 100% client-focused and customer-driven approach
- Trusted by 10,000+ organizations globally to deliver and host business-critical SaaS solutions.
- Integrates with other business applications to get a comprehensive view of your portfolio and financial data.
- Collaborate with all internal and external stakeholders via solutions, thus improving transparency & avoiding data and information silos.
- Secure, Intuitive, and Automated features allow you to produce more at the same time.
Built-in and Integrated
Since our lease accounting software is also an end-to-end accounting software, organizations can use it as a GL for real estate portfolio or a sub-ledger. The accounting teams can either create and port journal entries within the system and record & track all the financial activities or send the information to the core accounting platforms, book activities there and bring back information per their preference.
Smart Notifications and Workflows
Automatically generate reminders, including for the finance team to stay on top of payment activities. Easily generate landlord reports, intimation letters as a part of the workflow and email to relevant stake holders automatically on a schedule. Generate lease abstracts automatically through the transaction management workflow of the software to reduce errors and data risks.
Accurate and Comprehensive Reports
Configure as you see fit and report via comprehensive and customizable reporting functions. Share critical data with your team and build a better strategy. Lessee Accounting Reporting suite includes most common reports required by accounting teams reporting on corporate lease portfolio.
Get answers to your questions about Yardi lease accounting software.
It is tailored for real estate transactions accounting for Lessees / Occupiers and is compliant with FASB ASC 842 / IFRS 16 and GASB 87 accounting guidelines. Large global organizations and public REITs use our software as their Lessee Lease Accounting solution.
Very simple setup, lot of flexibility to configure your lease parameters, accurate calculations of your present value details and amortization schedules and generate Portfolio Disclosure reports and footnotes with just a few clicks.
Yes it does. We have built a lease classification workflow that allows you to model your accounting parameters and analyze whether the lease will be classified as an operating lease or a finance lease.
In addition to Portfolio Health Dashboard, we have created a library of reports specific to FASB/IFRS compliant Lessee Accounting. The solution also includes DIY reporting technology for your to easily create additional reports if you wish.
We built this solution with feedback from lot of clients with different portfolio types. So it can handle blend and extend, asset impairment, including options, carry forwards and more. Connect with us for a quick 15 mins demo.