The global tracking & reporting tool for accounting & real estate needs
The new IFRS standard brings lease accounting and real estate expense data together, adding new challenges to the already complex task of managing leases for international or multinational locations. That doesn’t just mean the data is in different places — it may also mean the data is in different languages, different currencies, organized in different ways, and in different systems.
Visual Lease’s fully compliant IFRS module provides tools for effective lease expense tracking and reporting on a global scale — allowing accounting and real estate teams to share data and do what they need to do, while seamlessly maintaining separate controls.
One source for global data
Visual Lease combines world-class lease administration and accounting technology to create a solution that balances the needs of global accounting and real estate teams. Creating a single, accurate repository of data, the solution aggregates data across global regions and different sources into one trusted system, ensuring all the data is secure and up to date. Visual Lease also tracks and reports on all types of leases — not only real estate, but also vehicles, land, technology, office equipment, and other assets.
Centralizing data for more effective global management
Visual Lease provides an end-to-end solution that integrates data from virtually any source — spreadsheets, documents, or existing systems. Our data migration engine simplifies and speeds the process; we also offer Excel templates for collecting and organizing data, and a wizard that walks you through the process of moving to IFRS 16 tracking and reporting. Our lease data experts can even work with you to abstract your PDF leases into relevant data points.
From there, Visual Lease provides tools for automatically doing calculations, reporting, creating journal entries, making payments, . . . handling whatever data management tasks you require.
And in addition to meeting the requirements mandated by IFRS, Visual Lease includes capabilities for tracking and reporting on data in 50+ native languages and multiple currencies.
A global standout
All of the major global accounting firms, as well as global real estate consulting firms including JLL, have recommended Visual Lease as compliant with the new standard. Our cloud-based lease accounting platform is already being used by 300 clients worldwide, including many Fortune 500 companies. And, Visual Lease has been named the preferred solution for Wipro’s global lease project implementation, integrating seamlessly with their lease transition services.