LeaseQuery, a leading provider of purpose-built lease accounting software, today announced its partnership with Sage Fixed Assets, an industry leader in asset management software. This alliance will allow LeaseQuery and SFA to combine lease management and capital management to deliver an integrated, holistic asset management solution.
“As we continue to recognize how businesses are turning to industry leaders like Sage Fixed Assets to alleviate the burden of asset management, we are proud to partner together and offer clients a suitable asset management piece built specifically for leases to integrate into their total asset management package,” said George Azih, CEO and founder of LeaseQuery.
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With 14,000 customers, more than 20 years of client support and the premium product intelligence that streamlines the workflows of asset accounting and reporting for financial statements, SFA is more than just a management tool. The software offers four modules that give the flexibility to manage the entire fixed asset lifecycle from acquisition to transfer and disposal. SFA allows users to easily scan existing assets, keep an accurate pulse on self-constructed assets, and take advantage of pre-built reporting to accurately illustrate data from audit history.
“This partnership with LeaseQuery underscores Sage’s commitment to helping customers focus on their business by providing solutions that create efficiencies and drive down costs, particularly in the accounting and finance community,” says Terence Cummings, Vice President of Operations, Sage North America.
Sage Fixed Asset customers can leverage LeaseQuery’s lease asset management solution to:
- Auto-import journal entries and calculate depreciation
- Dispose of or remove assets returned to the lessor
- Take ownership of an asset after the lease
Adding the lease management component to SFA’s capital asset management option allows businesses to easily track and accurately update their leases, setting them up for an easier transition to the new lease accounting standards in the future.
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