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SOFT4Lessee

Stand: G01
Financial planning & management systems
Tax & compliance technology
Accounting automation & practice management
https://soft4lessee.com/

About us

SOFT4Lessee helps finance and accounting teams manage lease accounting with more control, accuracy, and confidence. It gives CFOs, Controllers, in-house accountants, and accounting firms a dedicated system for handling lease data, lease calculations, compliance reporting, journal entries, and audit support under FRS 102 and IFRS 16 without relying on fragile spreadsheets or disconnected manual processes.

For CFOs, SOFT4Lessee helps create better visibility over lease obligations and their impact on the financial statements. Lease liabilities, right-of-use assets, interest expenses, depreciation, EBITDA, debt ratios, covenants, and cash flow forecasts can all be affected by lease accounting under FRS 102 and IFRS 16. With SOFT4Lessee, finance leaders can gain a clearer view of lease commitments, reduce reporting risk, and give auditors, shareholders, lenders, and management more reliable lease-related information.

For Controllers, SOFT4Lessee helps standardise the lease accounting process across entities, departments, locations, and reporting periods. Instead of managing lease schedules across multiple spreadsheet versions, Controllers can centralise lease data, apply consistent accounting rules for FRS 102 and IFRS 16, automate recurring calculations, and improve control over month-end, quarter-end, and year-end close activities. This makes lease accounting easier to review, reconcile, and defend during audit.

For accountants working inside companies, SOFT4Lessee reduces the repetitive manual work involved in lease accounting. The software helps manage lease contracts, payment schedules, discount rates, lease terms, modifications, renewals, terminations, remeasurements, and accounting outputs in one place. Accountants can spend less time checking formulas, updating spreadsheets, and rebuilding schedules, and more time reviewing exceptions, improving data quality, and supporting the finance team with accurate information for FRS 102 and IFRS 16 reporting.

SOFT4Lessee supports lease accounting under FRS 102 and IFRS 16. This is especially useful for UK finance teams, UK subsidiaries of international groups, and accounting firms working with clients that report under different frameworks. Finance teams can manage the requirements of FRS 102 and IFRS 16 more consistently and reduce the complexity of maintaining separate calculations, schedules, and reporting processes.

The software helps turn lease contracts into structured accounting data. Finance teams can capture the key details required for lease accounting under FRS 102 and IFRS 16, including lease start and end dates, payment terms, renewal options, indexation, discount rates, asset details, entities, currencies, and contract changes. This structure helps reduce missing data, inconsistent assumptions, and undocumented adjustments.

SOFT4Lessee automates lease liability and right-of-use asset calculations where required under FRS 102 and IFRS 16. This helps teams produce reliable accounting outputs for recurring reporting periods and reduces the risk of manual errors. When leases are modified, renewed, terminated, or reassessed, the software helps reflect those changes in the accounting calculations and reports.

SOFT4Lessee also supports journal entry preparation and reporting for FRS 102 and IFRS 16. Finance teams can generate the lease accounting information needed for general ledger posting, financial reporting, disclosures, reconciliations, and audit files. This helps create a smoother close process and gives Controllers stronger control over the numbers before they are included in financial statements.

For accounting firms, SOFT4Lessee helps make lease accounting services more scalable and consistent. Firms can use the software to support clients with lease data collection, lease calculations, compliance reporting, review processes, and recurring accounting work under FRS 102 and IFRS 16. This is valuable for firms advising clients on lease accounting compliance, as well as firms that provide outsourced accounting, financial reporting, or technical accounting services.

SOFT4Lessee is especially useful for organisations with growing or complex lease portfolios. It can support companies that manage property leases, vehicle leases, equipment leases, office leases, fleet leases, warehouse leases, retail premises, embedded leases, and other leased assets. As the number of leases increases, the need for a controlled, repeatable process under FRS 102 and IFRS 16 becomes more important.

With SOFT4Lessee, finance teams can reduce dependency on individual spreadsheet owners and institutional knowledge. Lease accounting under FRS 102 and IFRS 16 becomes less vulnerable to formula errors, version-control problems, staff changes, and undocumented manual adjustments. The process becomes easier to manage, review, and transfer between team members.

The software helps improve audit readiness. Auditors often need to review lease inputs, assumptions, calculations, changes, journal entries, and disclosures under FRS 102 and IFRS 16. SOFT4Lessee helps keep lease accounting information organised and traceable, making it easier for finance teams to answer audit questions, provide supporting data, and explain how lease figures were calculated.

SOFT4Lessee also supports better collaboration between finance teams, subsidiaries, accounting firms, and auditors. By keeping lease data and calculations for FRS 102 and IFRS 16 in a dedicated system, teams can work from a more consistent source of truth. This helps reduce duplicated work, conflicting files, and last-minute reporting issues.

For UK companies still using spreadsheets, SOFT4Lessee provides a practical way to move lease accounting into a more controlled environment. Spreadsheets may be manageable for a small number of simple leases, but they become harder to maintain as portfolios grow or reporting requirements under FRS 102 and IFRS 16 become more complex. SOFT4Lessee helps finance teams replace manual workarounds with a structured software process.

The benefits are not limited to compliance. SOFT4Lessee can also help CFOs and Controllers understand lease exposure, upcoming payment obligations, renewal timelines, contract changes, and the broader financial impact of leasing decisions under FRS 102 and IFRS 16. This supports better planning, forecasting, and internal decision-making.

SOFT4Lessee is relevant across many industries. Retail companies can use it to manage store leases. Logistics and transportation companies can use it for vehicle, fleet, and warehouse leases. Manufacturers can use it for production equipment and facility leases. Service companies can use it for offices, IT equipment, and other leased assets. Accounting firms can use it to support clients across these and other sectors with FRS 102 and IFRS 16 lease accounting.

By using SOFT4Lessee, finance professionals can achieve a more reliable lease accounting process, reduce manual workload, strengthen financial controls, improve reporting accuracy, and prepare for audits with less stress. CFOs gain visibility and confidence. Controllers gain standardisation and control. Accountants gain efficiency and accuracy. Accounting firms gain a scalable way to support clients with FRS 102 and IFRS 16 lease accounting compliance.

SOFT4Lessee helps finance and accounting teams move from spreadsheet-based lease accounting to a structured, automated, and audit-ready process. It gives UK organisations and accounting firms the tools they need to manage lease obligations, comply with FRS 102 and IFRS 16, and produce reliable financial information with greater efficiency.