Lease Fix

A SaaS-based solution that helps identify, collect, analyse and report data on lease agreements

A PwC India Product

Lease Fix is a Saas-based solution that is key in identifying, collecting, analysing, and reporting data for compliance and control on lease agreements.

It supports organisations to address data-related challenges, quantify lease rentals and automate calculations while managing the technical specifications of the lease accounting standards.

Major challenges in managing lease agreements

Compliance and Regulatory Changes

Companies grapple with staying compliant amidst evolving regulations, ensuring lease agreements align with legal requirements

Complex Lease Structuring

Navigating intricate lease terms and structures demands expertise, posing challenges in optimising agreements for financial efficiency

Lease Accounting Standards

Adhering to stringent accounting standards requires meticulous record-keeping, making compliance with IFRS 16 and ASC 842 is challenging

Lease Portfolio Optimization

Optimising diverse lease portfolios for cost-effectiveness and strategic advantage presents challenges in balancing short-term needs with long-term goals

Streamlining Lease Agreement Data with PwC India’s Lease Fix Solution

Lease Fix is an innovative SaaS-based solution designed to streamline lease management processes for organisations. With its robust features, Lease Fix excels in identifying, collecting, analysing, and reporting crucial lease agreement data, ensuring compliance and control. This powerful tool not only addresses data-related challenges but also quantifies lease rentals with precision.

By automating complex calculations and seamlessly managing the technical specifications of lease accounting standards such as IFRS 16, IND AS-116, and ASC-842, Lease Fix empowers businesses to navigate the intricate landscape of lease management effortlessly. With Lease Fix, organisations can confidently tackle lease-related complexities and enhance operational efficiency, setting the stage for improved financial decision-making and strategic planning.

01

Enhanced controls

Lease Fix uses a range of technologies to boost performance across specific business functions. Furthermore, it has robust IT general controls to maintain strong IT security

02

Automated calculations

The proprietary calculation engine quantifies the impact of these new standards, including transition periods. The calculations are automated to increase efficiency and curb human error

03

Technical Expertise

PwC’s approach involves forming an iterative feedback loop by combining advanced technology and the firm’s in-depth accounting experience

04

Reporting

The solution offers a wide range of different customisable reports, which provide comprehensive information required for the creation of management reports

05

Contract governance

The tool acts as a centralised repository for a company’s lease agreements, enabling easy upload, search and retrieval of these agreements

Unified and 360 dealership view with Dealers and Distributors Experience Platform

The new lease accounting standard is for companies to re-engineer the way they report lease agreements for compliance and ongoing lease management.

The need to gather and analyse relevant data to comply with the new accounting standard challenges many organisations.

This process could help to improve the way companies collect data and insights in the future. PwC’s approach involves forming an iterative feedback loop by combining advanced technology and the firm’s in-depth accounting experience.

Why should you opt for PwC’s Lease Fix?

  • Automated calculations and reporting
  • Integration with ERP at input and output levels
  • Allow modifications and subsequent changes with comparative analysis Artificial Intelligence (AI) enabled
  • Secured cloud-based hosting
  • ITGC and SOX controls enabled and compliant
  • All accounting and financial disclosure reports Easy and simplified user interface
  • Support lease transactions in all foreign currencies
  • Enhanced reporting, including customisable reports for budgeting, forecasting and internal MIS reporting
  • Supports multiple legal entities within a group in once single instance
  • Consider all aspects of lease accounting including ARO

Brochure

Lease Fix

Speak with an Expert

Get in Touch

Product Owners

Manpreet Singh Ahuja

manpreet.singh.ahuja@pwc.com

Aman Goel

aman.goel@pwc.com

Recommended Products

© 2023 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity.
Please see www.pwc.com/structure for further details.

The PwC Store uses open source software.