Last Updated

Overview

SOFT4Lessee is a smart lease accounting solution built for compliance with major global standards. Although its advanced features need extra training, it generates detailed and customizable financial reports. It’s ideal for companies seeking accuracy, automation, and clarity in managing multiple leases across locations, all in a user-friendly interface.

SOFT4Lessee Specifications

  • Lease Management
  • Property Accounting
  • Document Management
  • Expense Tracking

SOFT4Lessee Features

Accounting For Lease Liability

This essential feature allows users to calculate lease liability based on present value. Furthermore, it updates the figures automatically when lease terms or payment details change over time.

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Accounting For Right-Of-Use Asset

This feature assists users in calculating right-of-use asset values, including extra costs like setup or restoration. Moving forward, it updates values if the lease terms or liabilities are adjusted.

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Reports For IFRS 16 Presentation And Disclosures

This powerful feature helps users generate all the necessary financial reports and disclosures required under IFRS 16. It saves time and further ensures compliance with international accounting standards.

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Data Import / Export

Data Import/Export enables users to quickly import or export lease data using Excel or a web service. This makes it simple to connect with financial, asset, or contract management systems.

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Managing The Multi-Company Businesses

This flexible feature allows users to handle lease data for multiple companies or subsidiaries from a single platform. Furthermore, it helps large businesses stay organized and efficient across all entities.

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General Ledger integration

It allows users to create and download accounting transactions for each lease period. It also enables easy integration into their general ledger using Excel files or automated web service connections.

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Variable Leases

This smart feature empowers users to manage variable lease payments linked to indexes or interest rates by auto-calculating changes and ensuring accurate accounting under IFRS 16 rules.

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Pros And Cons of SOFT4Lessee

Pros

  • Available in cloud-based and on-premises deployment options

  • Generates detailed and customizable financial reports

  • Automates complex lease calculations to reduce manual effort

  • Enables data import and export in Excel and XML formats

Cons

  • Advanced features may require extra training to master

  • Lacks a mobile application for access on the go

  • Requires regular updates to maintain accounting compliance

SOFT4Lessee Reviews

Total 2 reviews

5

All reviews are from verified customers

Rating Distribution

5

Stars

100%

4

Stars

0%

3

Stars

0%

2

Stars

0%

1

Stars

0%

Share your experience

M
Mittal

Logistics and Supply Chain, 500+ employees

More than a year

5.0

“User-friendly, affordable and perfectly fits our requirements.”

Pros

We chose SOFT4 and SOFT4Lessee because we already use Microsoft Dynamics 365 for our financial reporting, and since it runs on the same Microsoft platform, we figured integration would be smooth. It's user friendly, costeffective and meets all our needs and also team has been very polite, friendly and helpful throughout the data setup process without any hassle.

Cons

I haven't had any issues with the system and it does everything we need.

Rating Distribution

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

P
Paul

Retail, 500+ employees

More than a year

5.0

“Meets our accounting and reporting compliance needs”

Pros

It's been really great working with the team on the Vietnamobile project, from contract talks all the way through the system rollout. Our Vietnam team finds the platform super helpful and efficient, especially thanks to our rep who's been awesome at solving all the practical issues along the way.

Cons

As for the product itself, this solution plus the extra features added for local needs really covers everything we require for accounting and reporting compliance.

Rating Distribution

Ease of use

10

Value for money

10

Customer Support

10

Functionality

10

Frequently Asked Questions

What level of support does SOFT4Lessee offer?

SOFT4Lessee offers phone, email/helpdesk, online form, FAQs/forums, and knowledge base support.

What types of pricing plans does SOFT4Lessee offer?

SOFT4Lessee offers two pricing plans, i.e., Excel Calculator with a one-time fee of $540/- and Software plan at $255/month.

What other apps does SOFT4Lessee integrate with?

SOFT4Lessee offers smooth integration with Oracle, Axapta, SAGE, Dynamics AX, Microsoft 365 Business Central, NetSuite, and Infor.

Does SOFT4Lessee offer an API?

Yes, SOFT4Lessee offers webservice API.

Who are the typical users of SOFT4Lessee?

Typical users of SOFT4Lessee are professionals using Microsoft Dynamics, large enterprises, and industries managing complex lease structures.

What language does SOFT4Lessee support?

SOFT4Lessee supports only the English language.

Does SOFT4Lessee have a mobile app?

No, SOFT4Lessee does not have a mobile app.