Maintain compliance with financial reporting standards, accurately classify leases, generate precise accounting schedules, and ensure data integrity.
Improve transparency for the amount, timing, and uncertainty of cash flows related to leases with Accruent Lucernex lease accounting software. Make accounting standards compliance simple by taking advantage of the benefits at your fingertips.
Mitigate audit-associated risks with a comprehensive, automated solution for achieving and maintaining compliance.
Reduce cybersecurity risks to your sensitive financial information with tools like penetration testing, encryption, authentication, and role-based access controls.
Centralize information and create alerts when a document is ready for review or auditing, thereby streamlining your document management.
Effectively budget, forecast, and allocate funds with an automated solution that lowers the risk of human error — thus reducing costs and increasing efficiency.
Utilized in retail, corporate, healthcare, telecom, and the public sector, Accruent offers a fully configurable platform for lease administration and accounting.
Using REST API and flat file secure transfers, you can integrate Accruent’s lease accounting software with other mission-critical systems. This can allow for big-picture insight and ensure you have all the data you need to facilitate compliance. These integrations include:
The main difference between GASB and FASB is to whom they apply. Governmental Accounting Standards (GASB) applies specifically to state and local governments, while Financial Accounting Standards Board (FASB) applies to any public company.
GASB cash flow statements center around operating activities and capital financing activities. They usually encompass inflows and outflows of cash related to grants, taxes, and capital asset acquisitions.
FASB cash flow statements take on the “flow of funds” measurement focus, adhering to the standard operating and investing activities framework in Generally Accepted Accounting Principles (GAAP).
Yes, Accruent’s compliance software uses validation rules, standardized templates, and can identify discrepancies to keep financial data consistent across different sources.
Generate error-free financial statements with confidence and meet all regulatory requirements. Remain compliant with comprehensive alerts and status updates.
Automated calculations will reduce the risk for human error and maintain consistency in reporting.
Yes, Accruent's compliance software can help organizations easily manage regulatory audits and reviews. Stay on top of all financials from leases to accounting schedules to ensure operational success and data integrity.
Audits enable businesses to perform more accurate forecasts, saving them time, money, and resources.
Integrate with the tools you already rely on, including your CMS, FM (Funnel Management), and ERP software like SAP or Oracle.
Accruent’s integrations allow teams to centralize data from outside sources into one place, making it easier for all to stay connected and on top of compliance needs.
Adherence to specific accounting standards and local compliance laws are the baselines within compliance software, but it should also provide valuable financial insights to help organizations scale.
By automating critical accounting processes, organizations can remove many logistical hurdles and frustrations from their financial workflows.
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