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RAM Lease Accounting

Name: RAM Lease Accounting
Rating: 4.5 (2 reviews)

By Real Asset Management

1348 Interested

Highlights : About RAM Lease Accounting

Business activity monitoring

Fixed asset management

Obligation management

About RAM Lease Accounting

Real Asset Management's lease accounting solution promises greater visibility and compliance over the management of those finance and operating leases linked to balance sheet items. It also supports the new FAS13 (ASC 842) regulations effective from 2019, along with SSAP21 committee standards, IAS 17 and IFRS 16. Record, view and maintain complete leasing details that include lease codes, associated asset codes, descriptions and accrual dates etc. Lease rescheduling is possible, payment plans can be user-defined to meet diverse arrangements, while the software supports custom interest calculation methods. Lease accounting features also integrate with asset histories, depreciation, fixed register and amortization. Control capabilities then add Business Activity Monitoring tools, reacting to lease break clauses, expirations and renewals by sending email notifications and automatic alerts. This feedback is enhanced by reporting and forecasting facilities that promise deeper analysis of historical, current and future expenditure levels. Suites of standard reports are augmented by user-defined options, with the ability to filter data via user-defined fields.

Specifications

24/7 Support

Yes

Business Size

Mid-Market

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Barcoding / RFID

Inventory overview

Lease accounting

Payment scheduling

Obligation management

Lease adjustment

Lease payments

Fixed asset management

Email notifications

Government compliance

Business activity monitoring

Benefits

RAM Lease Accounting is a software system that supports comprehensive analysis of financial and operational lease obligations to provide greater visibility over the management process.

RAM Lease Accounting is compliant with the latest FAS 13 (ASC 842) and IFRS 16 lease accounting rules, coming into effect from January 1st 2019.

Record full leasing details with the ability to add, review, edit and maintain information, define custom payment plans, reschedule lease arrangements and perform multiple calculation types.

Business Activity Monitoring tracks key events and reacts to send notifications, while flagging up lease payments in advance or those that have been allowed to lapse into arrears.

Reporting and forecasting capabilities allow for detailed analysis of obligations, commitments and more, with standard options joined by the ability to generate user-defined reports.

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