iLease Management, developer of iLeasePro, an enterprise cloud-based Lease Management and Accounting solution, announced a major step forward in its strategic partnership and integration with Sage Intacct, a leader in cloud-based financial management and accounting software. iLease has released the capability to take advantage of Sage Intacct’s dimension feature to seamlessly track and report lease related financial and operational data.
The Sage Intacct dimension feature offers an entirely new way to track and report on financial and operational data, while simplifying the user’s chart of accounts. With dimensions, a user “tags” a transaction with certain designations such as department, location, etc., without the need to expand the chart of accounts. By adding this new feature, an iLeasePro user can tag any dimension to the general ledger accounts associated with the lease. Once tagged, the iLeasePro user can automatically generate the journal entries with the dimensions and via webservices, upload the journal entries into the Sage Intacct general ledger.
“We are excited that we have made a major step forward in our integration with Sage Intacct,” stated Sean Egan, Managing Partner iLease Management. “It was clear in speaking with Sage Intacct users that the dimensions is such an important feature to their operating efficiency and reporting. Adding dimensions to iLeasePro only strengthens the seamless synchronization of key lease accounting data between the two solutions.”
“We are pleased iLeasePro continues to enhance their integration with Sage Intacct. As the requirements for monitoring and tracking lease details expand, iLeasePro’s enabling the power of Sage Intacct Dimensions will improve reporting and insight for our mutual customers.” Chris Rose, Vice President of Business Development at Sage Intacct
iLease Management, developer of iLeasePro, is an internet technology company founded in 2012 in the business of making it easier for lessee firms to manage the lease lifecycle of real estate and equipment leases and comply with the FASB ASC 842 Lease Accounting changes.
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