Equipment leases have long been an afterthought when it comes to reporting an organization's financial obligations, but that is no longer the case due to new FASB and IASB lease accounting standards. The new standards require that every lease longer than 12 months, including real estate and equipment leases, be accounted for on the balance sheet.
AMTdirect is the most comprehensive equipment lease management and FASB compliance solution.
Track all relevant clauses from your equipment leases during their full lifecycle, while proactively managing key dates, lessor obligations and lessee obligations.
Use our advanced reporting features to make data-decisions across your entire equipment lease portfolio. Centralize and manage all equipment lease related documents.
Eliminate the risk of mistakes due to manual calculation or spreadsheet errors. Leverage audit trail tracking and reporting to ensure correct calculations even with the most complex scenarios.
Smart organizations are preparing for the pending equipment lease accounting standards now. The first step is to select an equipment lease management platform with built-in FASB capabilities and accounting system integration.
Based on our 20 years of working with clients to implement effective solutions, we've developed the industry's best combination of software and services for FASB compliant equipment lease management.