Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
PowerPlan’s Lease Accounting Solution Suite enables organizations to formulate their ideal strategy for complying with both ASC 842 and IFRS 16 lease accounting regulations. This comprehensive solution accommodates various accounting frameworks, such as GAAP, IFRS, and FERC. By utilizing scenario analysis within the software, users can explore different adoption strategies and refine their approach to implementing the new lease accounting standards. It effectively manages a wide array of capital and operating leases, covering equipment, real estate, and purchase power agreements. The suite minimizes audit risks by automating tasks that previously required manual input, thereby enhancing the accuracy of billing, reporting, and documentation processes. Additionally, features like integrated invoice generation streamline operations with billing departments, improving the traceability and recognition of receivables. Furthermore, it automates lease calculations across a spectrum of complexities, ranging from simple to intricate scenarios, including those involving variable rates and dynamic lease terms. Ultimately, this solution not only simplifies compliance but also enhances operational efficiency for businesses navigating the complexities of lease accounting.
Description
UGAAP was established to simplify the complex yet recurring task of lease accounting through innovative software solutions. Our platform assists businesses in steering clear of chaotic transitions and persistent compliance challenges posed by the new regulations. By leveraging our software, organizations can significantly reduce human capital expenses related to accounting and financial reporting functions. Reach out to us today, and we'll demonstrate the advantages we can bring to your accounting operations.
Our goal is to develop software that automates intricate calculations and processes across all areas of accounting and taxation. We see lease accounting software as a prime illustration of how to empower businesses to concentrate on their core activities rather than dedicating excessive resources to compliance requirements. Additionally, our offerings are backed by exceptional GAAP experts who ensure that our clients receive the best support and guidance.
API Access
Has API
No
API Access
Has API
No
Integrations
Property Tax Plus
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
$3600 one time fee
Free Trial
Yes
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
No
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
Yes
Mac
Yes
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
PowerPlan
Founded
1994
Country
United States
Website
powerplan.com
Vendor Details
Company Name
UGAAP
Founded
2016
Country
United States
Website
www.ugaapinc.com
Product Features
Decision Support
Application Development
No
Budgeting & Forecasting
No
Data Analysis
No
Decision Tree Analysis
No
Monte Carlo Simulation
No
Performance Metrics
No
Rules-Based Workflow
No
Sensitivity Analysis
No
Thematic Mapping
No
Version Control
No
Fixed Asset Management
Asset Budgeting
No
Asset Lifecycle Management
No
Audit Trail
No
Barcoding / RFID
No
Depreciation Management
No
Disposal Management
No
Document Management
No
Inventory Tracking
No
Tax Management
No
Lease Accounting
Amortization Schedule
No
Asset Management
Yes
Billing & Invoicing
Yes
Budgeting & Forecasting
Yes
Capitalization Reporting
No
Critical Date Alerts
No
Expense Tracking
Yes
For Equipment Leases
Yes
For Real Estate
Yes
Payment Tracking
Yes
Portfolio Management
No
Tax Management
No
Product Features
Lease Accounting
Amortization Schedule
Yes
Asset Management
Yes
Billing & Invoicing
No
Budgeting & Forecasting
Yes
Capitalization Reporting
Yes
Critical Date Alerts
Yes
Expense Tracking
Yes
For Equipment Leases
Yes
For Real Estate
Yes
Payment Tracking
No
Portfolio Management
Yes
Tax Management
No