LeaseQuery, a provider of lease accounting software, entered a partnership with Sage Fixed Assets, a provider of asset management software. This alliance will allow LeaseQuery and Sage Fixed Assets 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,” George Azih, CEO and founder of LeaseQuery, said.

Sage Fixed Assets’ software offers four modules to manage the entire fixed asset lifecycle from acquisition to transfer and disposal. Sage Fixed Assets allows users to scan existing assets, keep a pulse on self-constructed assets and take advantage of pre-built reporting to 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,” Terence Cummings, vice president of operations for Sage North America, said.

Sage Fixed Assets 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, and/or take ownership of an asset after the lease.

Adding the lease management component to Sage Fixed Assets’ capital asset management option allows businesses to track and update their leases.