Lease Management

Lease Management is an integrated solution to your lease management requirements as a lessee. Lessor tasks are not currently addressed with Lease Management.

Lease Management is a single point of entry from which you can perform these tasks:

• Define and maintain your leases.

• Define and maintain any assets that are associated with the leases in Asset Management.

• Create and approve lease payment invoices and interface them to Accounts Payable for invoice processing.

• Automatically calculate rents, payments, and obligation balances.

• Automatically create journal entries in General Ledger.

• Inquire on the status of leases and invoices through invoice inquiry forms and the Drill Around® capability.

You can automate the lease classification determination by running a FAS 13 test. You can keep an audit trail of any changes that are created to leases and invoices. You can also generate lease disclosure reports that meet the FAS 13 requirements.