1. Worldwide transparency of the leasing portfolio
Global organizations with extensive leasing operations require clear insight into their leasing portfolios, categorized by area, business unit, company code, currency, and various perspectives. ClicLease Administration offers this functionality immediately, along with access to disclosure reports for financial statement purposes.
2. Lease administration
Top-tier leasing systems offer lease management features such as workflows, separation of responsibilities, PDF document storage, data tagging, and more. ClicLease has been developed to facilitate the management of various leasing portfolios.
3. Bulk management
A significant number of leases should be managed through bulk operations instead of individually. ClicLease efficiently supports large-scale actions, such as the mass upload of lease agreements and the execution of batch jobs for postings. This enhances the user experience by saving time and automating manual lease accounting tasks.
4. Compliance with lease accounting
As the demand from international organizations increases, adherence to IFRS-16 is becoming an urgent necessity that requires a tracking system. ClicLease meets the compliance standards for both IFRS 16 and ASC 842.
5. Inputting various leasing terms and conditions
As the size of the leasing portfolio increases, the leasing terms and conditions tend to become more complex. ClicLease accommodates all varieties of terms, such as prepayments, rent-free periods, initial direct costs, cash incentives, purchase options, termination options, indexation, and more.
6. Event management
After leases are signed and entered into the system, they frequently experience various events throughout their duration. These events can involve exercising an option to extend the lease, using a termination option, adjusting the lease payment or duration, among others. ClicLease is designed to support all these different types of lease events right from the start.
7. Integration
Various organizations may possess distinct technical environments that necessitate either deploying a solution independently or integrating it with their ERP system, like SAP ECC. SAP S/4HANA, Odoo and NetSuite. ClicLease can be deployed either as an independent solution or connected to an ERP, such as Oracle EBS. It is flexible regarding integration, meaning it can work with any system and is capable of supporting numerous simultaneous integrations with various systems like ERPs, BI tools, or other third-party applications. Find out more about how our integrations operate. here .
8. Assistance with foreign exchange and translation
International organizations need leasing systems that can accommodate various currencies and facilitate currency conversion based on different types of transactions (such as month-end rates, spot rates, and average rates). This capability is readily available in ClicLease by default.
9. Support for multiple languages
International organizations need leasing systems that can accommodate multiple languages to enhance user input and overall experience. ClicLease allows for input in any Unicode language, it does not support traditional Chinese (top-down).
10. Support for customers that is attentive and quick to respond.
International organizations need round-the-clock assistance to support teams located in various places. At ClicLease, exceeding expectations is a fundamental aspect of our customer-centered mission. ClicLease’s Global support and our experts We are accessible around the clock, every day of the year, and have locations worldwide. Additionally, we offer multiple ways to enhance value for our clients internationally.