Lease Administration Capabilities

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  iLeasePro Dashboard

  The iLeasePro Dashboard is the highly intuitive user interface to a summarized view of the most important lease information. The Lease Summary section provides quick access to key metrics used in your decision making process.

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  Lease Portfolio Management

  iLeasePro's portfolio management feature offers the ability to create an electronic library of all of your leases in one centralized location. It is very flexible and fully customizable to allow you to organize, manage and analyze your lease portfolio by geographic location, property type, access rights or any other category thats important to you and your organization.

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  Critical Date Tracking

  Missing a critical date action can be very costly. The management and notification of critical dates defined in a lease is key feature of this comprehensive lease administration system. iLeasePro provides the flexibility to manage and notify you of all of your defined critical dates; such as lease expiration, option dates and insurance renewals as well as allowing the user to create customized critical dates.

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  Document Management

  Create a comprehensive and easy to access electronic library of the critical lease documents. Save time by managing all of your lease related documents in one central repository including but not limited to, leases, amendments, insurance certificates, photos and floor plans.

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  Contact Management

  iLeasePro provides a single source for all lease related contacts, including lessors, asset managers, bankers, brokers, attorneys and utility providers. With the Contact Management feature you can assign roles to your contacts for each lease within the portfolio.

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  Rent And Rent Step Escalations

  Eliminate errors and the need of a standalone calculation process when performing complex lease term rent calculations. Simply select from the several pre-defined types of rent payments, add concessions, define the rent step escalation method (Flat, Incremental and Percentage) and iLeasePro will apply and calculate the payment costs through the lease term.

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  Comprehensive Lease Abstracting

  Missing a critical date action can be very costly. The management and notification of critical dates defined in a lease is key feature of this comprehensive lease administration system. iLeasePro provides the flexibility to manage and notify you of all of your defined critical dates; such as lease expiration, option dates and insurance renewals as well as allowing the user to create customized critical dates.

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  Enhanced Reporting

  iLeasePro offers over 50 standard reports out of the box with filtering capabilities to produce any variation of key data that you would require to fully understand the current health and financial impact of your lease portfolio. Reporting categories include Account level reporting, Lease Analysis, Detailed Lease Level reporting, Lease Audit reporting, Lease Accounting reporting and Administration reporting.

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  Real Estate and Equipment Lease Accounting

  The iLeasePro Lease Accounting feature addresses the provisions of the new lease accounting standards which requires that the vast majority of lease obligations be recognized on the balance sheet of lessees.

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  Lease Portfolio Consolidation

  The Portfolio Consolidation features allow the user to produce accurate monthly general ledger entries for all lease payments as required by the new lease accounting standard. This information can be calculated for individual leases or can be combined for groups of leases.

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  Automated Journal Entries

  Automatically generate monthly journal entries for posting into your accounting system of record. iLeasePro offers web services integration for several accounting software provides or simply create an export to excel, import into your accounting system and post the journal entries.

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  Accounting Classification Wizard

  The FASB decided on a dual model, under which different types of leases have different accounting treatment subsequent to the initial recognition of leased assets and liabilities. The principal distinction between the two types of leases is in the manner in which lease related expense is recognized. iLeasePro offers a Lease Classification Wizard to walk through a set of questions to help you identify the classification of the lease.

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  Disclosure Reporting

  A lessee will now need to disclose quantitative information about its leases, the related significant judgments made in measuring leases and the amounts recognized in the financial statements. iLeasePro provides the reporting for these required disclosure information

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  Variable Payments

  Variable Payments that are not a component of the Lease Liability must be tracked and accounted by the lessee. iLeasePro offers tracking and automatic journal entry posting for Real Estate, Insurance and Other Variable Payments.

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  Lease Analysis

  The Lease Analysis feature of iLeasePro is an invaluable tool that supports lease negotiations as well as key decisions required during the life cycle of any lease. Key functions include the amortization of lease costs across the term of the lease and automatic calculation of Effective Rental Rates, Net Present Value, Average Monthly Cost, Total Cost Per Annum and more.

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  Comparative Lease Analysis

  The comparative lease analysis offers a side-by-side detailed comparison of selected leases with the ability to create what-if scenarios, the Economic Analysis of a Lease, review of Operating Expenses, and recommendations for potential Lease Term Changes that will bring the lease terms into your favor.

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  Cash Flow Reporting

  Create detailed Cash Flow report for individual Real Estate and Equipment leases, groups of leases or entire portfolio of leases. Reports are extended to include PSF Cash Flow reports for Real Estate leases.

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  User Authentication & Authorization

  iLeasePro has integrated Auth0 for a robust user authentication and authorization experience. iLeasePro offers enterprise level security through authentication mechanisms like username/password, single sign on (SSO), social logins, multi-factor authentication (MFA), and more.