We are excited to share that iLease Management LLC has completed the SOC 1 Type certification. iLeasePro, a premier ASC 842 lease accounting and management solution provider for mid-size and small companies, proudly announces its achievement of the SOC 1 Type 1 certification. Endorsed by the American Institute of Certified Public Accountants (AICPA), this certification... Continue Reading →
iLeasePro Releases Auth0 for Enhanced Security and User Experience
iLease Management LLC (“iLease”), a leading provider of the iLeasePro ASC 842 lease accounting and lease management solution, announced today a significant security enhancement to its iLeasePro platform. iLease released a new security feature integrating Auth0 to streamline the authentication process and further enhance data security for its users. In its relentless pursuit to continue... Continue Reading →
Simplify ASC 842 Compliance Support with iLeasePro for CPAs
iLeasePro released a new feature for CPA, Advisory, and Consulting firms to manage and support multiple clients transition and adoption to the ASC 842 Lease Accounting Standard at the click of a button.
iLeasePro announces partnership with Zeal CRE to provide a one-stop ASC 842 Lease Accounting solution
Beverly, MA - iLease Management LLC, developer of the iLeasePro ASC 842 Lease Accounting solution, announced a strategic partnership with Zeal CRE to provide a one stop ASC 842 lease accounting and lease administrative solution for mid-market companies. "iLeasePro offers an uncomplicated approach to lease accounting for lessees and tenants of real estate and equipment... Continue Reading →
iLeasePro Partners with Acumatica to Deliver an Integrated ASC 842 Lease Accounting Solution
Acumatica customers will now have access to an intuitive, cost-effective lease accounting solution that will simply the transition to the FASB ASC 842 standard BEVERLY, Mass.--(BUSINESS WIRE)--iLease Management LLC (“iLease”), developer of the iLeasePro, the cloud-based ASC 842 Lease Accounting solution announced today it has joined the Acumatica Development Network. “With this exciting partnership, Acumatica... Continue Reading →
iLeasePro announces partnership with JMT Consulting to provide ASC 842 Lease Accounting to the Non-Profit Community
JMT Consulting partners with iLeasePro to provide a cloud-based ASC 842 lease accounting and management technology solution to nonprofits. Nashville, TN: JMT Consulting today announced a new partnership with iLeasePro. This new partnership will give JMT’s clients access to a cloud-based lease accounting and management technology solution. John Meedzan, Managing Partner, said, “Prompted by the... Continue Reading →
iLeaseXpress Receives Honerable Mention in the 2022 Accounting Today Top Accounting Products
iLeaseXpress has received Honorable Mention in the Lease Accounting Tools category in the 2022 Top Accounting Products of Accounting Today. Additional information can be found on the Accounting Today website. "We are very proud and honored to receive this award from Account Today", stated John Meedzan, Managing Partner of iLease Management LLC. "We want to... Continue Reading →
What can a CPA firm’s clients expect in terms of implementation of the software?
Understand ASC 842: The first step, which is the most challenging, is understanding the requirements of ASC 842. It is a radical departure from past practice. Clients must grasp changes in the definition of a lease, lease payments, initial direct costs, lease term, discount rates, and allocation of consideration to lease and non-lease components. Lease... Continue Reading →
Introducing iLeaseXpress: Your Affordable ASC 842 Solution
iLeaseXpress is a cloud-based lease accounting solution providing compliance to the ASC 842 lease accounting standard for private companies that have less than 15 leases. Powered by iLeasePro, the company’s flagship lease accounting solution, iLeaseXpress offers companies with smaller lease portfolios the ability to transition to and adopt the complex ASC 842 lease accounting standards for... Continue Reading →
Sage Intacct and iLeasePro Announce Major Integration Enhancement
iLease Management LLC (“iLease”), developer of iLeasePro, an enterprise cloud-based Lease Management and Accounting solution, has announced a major step forward in its strategic partnership and integration with Sage Intacct, a leader in cloud-based financial management and accounting software. iLease has released the capability to take advantage of Sage Intacct’s dimension feature to seamlessly track... Continue Reading →
iLeasePro adds Subsidiary / Operating Entity capabilities
The Subsidiary function in iLeasePro allows a corporation with multiple subsidiaries to maintain its entire corporate wide lease portfolio on a single iLeasePro platform. When it is time to upload periodic journal entries to a general ledger system of record, the user designates the subsidiary to which the lease is associated and the entry is... Continue Reading →
iLeasePro’s FASB and IASB Lease Accounting Changes LinkedIn Group continues to grow
Our LinkedIn group, FASB and IASB Lease Accounting Changes, is growing fast. We are closing in on 500 members. This is a great group to discuss the FASB and IASB Lease Accounting changes with as you begin thinking about preparing for the changes. https://www.linkedin.com/groups/FASB-IASB-Lease-Accounting-Changes-3852961 Try iLeasePro for free right now; https://www.ileasepro.com/signup/free/ You can take a video tour of... Continue Reading →
Middle Market, Technology and iLeasePro
The October 6, 2015 edition of the Wall Street Journal contained a Journal Report dealing with the biggest opportunities and threats that Middle Market companies face. In what may be surprising to many, the WSJ defines Midsize Companies as those that have revenues between $10 million and $1 billion (these are companies of substantial size... Continue Reading →
Technology Performance Attributes
Most measures of productivity are presented in the form of Key Performance Indicators (“KPIs”). However, we at ILeasePro believe that there are other performance attributes which may not be quantifiable in the sense of KPIs but are equally important to consider in making a selection of a technology solution. When we designed iLeasePro, we considered... Continue Reading →
Effective Use of Technology for Lease Management
Lessees sometimes underestimate how technology can be such an effective tool in tracking critical issues related to a lease portfolio. For example, many leases contain option features or triggering events in certain clauses that should be highlighted for ready monitoring. Keeping lease details such as these on Excel spreadsheets or worse buried in file cabinets... Continue Reading →
iLeasePro Beta Version is Now Available
iLease Management LLC is pleased to announce it has released the Beta version of iLeasePro. iLeasePro is a SaaS Lease Management and Lease Accounting solution in the Cloud specifically developed for Lessees or Tenants of Real Estate and Equipment leases. iLeasePro has been developed by experienced real estate and accounting professionals not only to address the upcoming FASB... Continue Reading →
iLeasePro’s Lease Analysis Capabilities
In planning the development of iLeasePro, it was particularly important that our technology users have a comprehensive technology tool that provides the ability to evaluate, manage and account for leasing transactions. That is why the Core Functionality of iLeasePro is broken down into three components that are fully integrated within one technology: Lease Analysis; Lease... Continue Reading →