Implementing the New Lease Accounting Standards

Do You Need to Issue A Lease Accounting Software RFP?

Download this template of questions to get started. The Lease Accounting Software RFP is editable and customizable. Available in both document (Word) or spreadsheet (Excel) format. The lease accounting software RFP includes all the key requirements you will need to evaluate vendors including:

lease accounting software rfp

Software Functional Requirements

  • Lease Classification Testing
  • Monthly Journal Entry Creation
  • Financial Disclosures
  • General Ledger Upload

Operations & Support Requirements

  • Information Security
  • Customer Support
  • Disaster Recovery
  • Technical Architecture

Commercial Requirements

  • Vendor’s Key Differentiators
  • Pricing and Packaging
  • Customer References
  • Implementation Timeframes

This lease accounting software RFP template includes all the key requirements for lessees adopting the new US GAAP (ASC 842) and IFRS 16 standards. Additionally, the RFP template includes the functionality needed for real estate lease administration and equipment lease management, which many consider integral for success with lease accounting.

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