Occupier Review

About Occupier

Occupier: Revolutionizing Lease Management for Real Estate and Accounting Teams

Occupier is a leading lease management software that empowers real estate and accounting teams to streamline their lease portfolio management while ensuring compliance with FASB ASC 842 and IFRS 16. With its cutting-edge technology, Occupier has revolutionized the way businesses manage their leases, making it easier than ever before to stay on top of critical lease data.

The company was founded in 2018 by seasoned real estate professionals who recognized the need for a more efficient and effective way to manage leases. They saw firsthand how cumbersome and time-consuming it was for businesses to keep track of their leases manually, which often resulted in errors, missed deadlines, and compliance issues.

To address this problem, they developed Occupier – an intuitive cloud-based platform that automates lease administration tasks such as rent payments, renewals, terminations, amendments, subleases, and more. The software also provides powerful reporting tools that enable users to gain insights into their lease portfolio performance at a glance.

One of the key features of Occupier is its ability to integrate with other systems such as ERP (Enterprise Resource Planning) software like Oracle or SAP. This integration ensures seamless data flow between different departments within an organization while reducing manual data entry errors.

Another standout feature of Occupier is its compliance module which helps businesses comply with FASB ASC 842 and IFRS 16 regulations. These regulations require companies to report all leased assets on their balance sheets as liabilities – a significant change from previous accounting standards where only capital leases were reported on balance sheets. Failure to comply can result in hefty fines or even legal action against the company.

Occupier's compliance module simplifies this process by automatically calculating right-of-use assets (ROU), liability amortization schedules based on interest rates implicit in each lease agreement or incremental borrowing rates if not available under each standard respectively; providing detailed reports on lease data, and more.

Occupier's user-friendly interface is another reason why it has become a popular choice among real estate and accounting teams. The platform is easy to navigate, with intuitive dashboards that provide a comprehensive overview of lease portfolio performance. Users can also customize their dashboard to display the information they need most frequently.

In addition to its core features, Occupier offers several add-ons that enhance its functionality further. For example, the software's document management module enables users to store all lease-related documents in one place for easy access and retrieval. The software also provides an API (Application Programming Interface) that allows developers to integrate Occupier with other third-party applications.

Overall, Occupier is an excellent choice for businesses looking to streamline their lease management processes while ensuring compliance with FASB ASC 842 and IFRS 16 regulations. Its powerful features, user-friendly interface, and seamless integration capabilities make it a top contender in the market today.

In conclusion, if you're looking for a reliable lease management software that can help you stay on top of your leases while reducing manual errors and ensuring compliance with regulations – look no further than Occupier!