Lease Account Software Solution

The vendor is required to provide for a comprehensive lease accounting solution that is fully compliant with accounting standards and natively integrated with the ERP system.
- Solution must support both lessee and lessor accounting functions, with the capacity to manage a minimum of 125 lessee records and 75 lessor records.
- This system will play a critical role in ensuring financial transparency, audit readiness, and operational efficiency.
- The platform should also support approval workflows with the ability to reject, return, or approve leases in process, and allow users to cancel in-progress changes and revert to the last saved state.
- Financial reporting and compliance needs, the solution must:
•    Generate and update amortization schedules in response to lease modifications.
•    Automate journal entries and allow for account assignments at the lease level.
•    Invoice or bill directly from lease records.
•    Provide standard reports required for annual audits and support custom report creation.
•    Include features such as reminders for key lease events and deadlines.
- System integration
•    Native integration with net-suite ERP.
•    Ability to assign GL accounts to leases and automate journal entries.
- Lease management features (200 points)
•    Generate amortization schedules and update them upon lease modifications.
•    Create reminders for key lease events.
•    Invoice or bill directly from lease records.

- Questions/Inquires Deadline: August 01, 2025