Effortless Lease Accounting Management with AI-powered Software

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Products-MRI Facilities Management

Effortless Lease Accounting Management with AI-powered Software

Automated Lease Accounting

MRI Facilities Management offers a cutting-edge Lease Accounting Software that leverages AI to streamline and automate the accounting process. By reducing manual efforts, the software enables users to navigate smoothly through lease auditing, compliance, and reporting. With advanced AI data extraction capabilities, data capture, calculations, notifications, and reporting are automated, saving valuable time and improving accuracy.

Comprehensive Lease Data Management

The platform provides comprehensive and integrated lease data management, allowing users to centralize all property and equipment leases in one user-friendly system. It simplifies compliance with core accounting and financial reporting regulations such as IASB IFRS 16 and FASB ASC 842. Moreover, through AI-powered lease data abstraction, users can easily transform lease data into the required figures for the balance sheet, ensuring accuracy and auditability.

Empowering Accounting Processes

MRI Facilities Management's Lease Accounting Software empowers accounting processes by offering functionalities like discount rate management, dual entity reporting, exemption & classification, accounting periods management, disclosure reports, GL/ERP journal postings, and lease & asset level accounting. The software caters to both lessee and lessor accounting needs, ensuring compliance with accounting standards and providing detailed audit trails for each lease.

Navigating Complex Accounting Challenges

Lease accounting can be highly complex, with different lease contracts affecting the balance sheet in varied ways. MRI Facilities Management, with over 30 years of experience in lease management software development, understands the nuances of lease accounting challenges. The platform is designed to automate essential tasks using AI, simplifying year-end processes and ensuring compliance with evolving accounting standards like ASC 842 and GASB 87.

Streamlined Implementation Process

Getting started with MRI Facilities Management's Lease Accounting Software is straightforward. Users can schedule a no-obligation demo to explore the platform's capabilities, make lease accounting tasks more manageable, and swiftly return to their core responsibilities. The platform's ease of use and automation features enable users to efficiently navigate lease accounting complexities without adding unnecessary burden to their workload.

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Streamlined Condo and HOA Management

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Products-MRI Facilities Management