Solution
Prepare source-linked data for lease accounting software
Parsepoint converts lease agreements and amendments into structured, reviewable records for ASC 842 and IFRS 16 workflows. Extract dates, payment terms, options, escalations, parties, locations, and other accounting inputs while keeping each field linked to its source clause or page. Review exceptions before sending approved data to your lease accounting or financial reporting process.
From lease PDF to audit-ready schedules
Upload & Extract
Upload your lease document and let AI automatically extract all critical terms - lessor, lessee, commencement dates, renewal options, and more.
Review Payment Schedule
Automatically generate complete payment schedules with all periods, start dates, and monthly payments. Review and lock with a single click.
Generate ASC 842 Schedules
Instantly produce compliant ASC 842 lease accounting schedules with lease expense, interest accretion, liability balance, and ROU asset values.
Manage Your Portfolio
View and manage all leases in a clean, filterable table. See lease categories, locations, lessors, and lessees at a glance.
Export Journal Entries
Run monthly journal entries across your entire portfolio with customizable GL codes and branch IDs that map directly to your ERP system.
Track Key Dates
Never miss a renewal, payment escalation, or lease expiration. Get automated alerts and a comprehensive key dates view across all leases.
See Your Lease Abstracted
From scattered leases to actionable intelligence
Watch how quickly Parsepoint transforms your lease portfolio into a source of proactive, auditable lease intelligence.
Abstract a lease without manual keying
Upload a lease, approve extracted terms, and get audit-ready structured data. No manual data entry.
Reduce repetitive spreadsheet work
Let AI handle extraction while your team focuses on strategy.
Zero missed critical dates
Automated alerts for renewals, escalations, and option deadlines. Never lose a negotiation window again.
Why Parsepoint vs Other Lease Accounting Software
Built for Lease Automation. Not Data Entry.
Legacy lease accounting tools require hours of manual work per lease. Parsepoint uses AI-native automation to extract terms, handle amendments, and eliminate spreadsheet chaos.
| Capability | Legacy Lease Accounting Tools | Parsepoint (AI-Native) |
|---|---|---|
| Lease Abstraction | Manual extraction (hours per lease) | ✓ AI-powered instant setup |
| Amendment Handling | Requires rework and re-entry | ✓ Automatic updates, no rework |
| User Interface | Clunky UI, heavy navigation and clicks | ✓ Modern, intuitive design |
| Critical Date Tracking | Manual tracking with customized alerts | ✓ Automated alerts for escalations, renewals, options |
| Facility & GL Mapping | Disconnected from operations | ✓ Native facility & GL integration |
| Lease Revaluation | Manual intervention required | ✓ Instant lease or portfolio revaluation based on amendment, rate changes and more |
| Audit-Ready Journal Entries | Manual preparation and formatting | ✓ Required entries with GL & facility mappings to your ERP |
Parsepoint isn't just lease accounting software — it's a system that eliminates the manual work behind it.
Get AI lease abstraction, audit-proof ASC journal entries & shedules, amendment handling, critical date alerts, and native facility & GL mapping all in one platform built for the modern accounting team.
AI extraction you can audit and trust
Extract every field auditors need for ASC 842 schedules—facility address, lessor, commencement date, lease term, renewal options, escalation periods, and lease classification—with full source traceability.
- Operating & financing lease classification
- Renewal option & termination penalty extraction
- Escalation period & base rent parsing
Real estate is one of your largest cost lines. Are you managing it reactively?
Corporate tenants need better information—and proactive alerts—to stay ahead of landlords on renewal negotiations, avoid costly late payment penalties, and eliminate the spreadsheet chaos that buries accounting teams.
Missed renewal deadlines
When you miss a notice window, your landlord holds all the cards. Unfavorable auto-renewals and lost negotiation leverage cost millions.
Late escalation payments
Buried escalation clauses trigger penalty fees that silently erode your real estate budget. Every missed payment date chips away at your bottom line.
Spreadsheet chaos
Manual ASC 842 journal entry tracking drowns your accounting team. Version control nightmares and audit prep anxiety become the norm.
The value of being proactive
Make better real estate decisions before termination windows shrink your options. Proactive lease intelligence gives you time to evaluate whether to vacate, expand, or renegotiate—on your terms, not your landlord's.
Evaluation guide
Frequently asked questions about lease accounting software
Does Parsepoint replace lease accounting software?
No. Parsepoint focuses on lease abstraction, review, and structured data preparation. It sends approved lease data to the lease accounting or reporting workflow responsible for calculations, schedules, journal entries, and disclosures.
How does Parsepoint support ASC 842 and IFRS 16 workflows?
Parsepoint extracts and structures accounting-relevant lease terms, including commencement dates, payment schedules, options, escalations, and termination provisions. Finance teams can review those inputs before using them in their ASC 842 or IFRS 16 accounting process.
What lease fields can Parsepoint extract?
Supported fields include facility address, lessor and lessee, commencement date, lease term, end date, base rent, payment schedules, escalation periods, renewal and extension options, notice dates, termination penalties, security deposits, and lease classification fields when present or required.
Can Parsepoint process lease amendments?
Yes. Amendments and addenda can be included in the parsing workflow so revised dates, payments, options, and other terms can be reviewed before downstream records are updated.
How does source traceability help during an audit?
Extracted fields can retain links to the relevant source document, clause, or page. Reviewers can use that context to support control testing, resolve questions, and prepare evidence without searching through the full agreement again.
How are unclear lease terms handled?
Ambiguous, missing, or malformed fields can be flagged for review. A user can compare the result with the source, edit the value, approve it, or request an adjustment to the extraction schema.
What is the best lease software?
The best lease software depends on whether you need accounting, abstraction, or portfolio visibility. Parsepoint fits when the bottleneck is extracting accurate lease terms from documents and feeding them into the rest of your workflow.
Is lease accounting easy?
Not usually. Lease accounting gets harder when terms live across leases, amendments, and exhibits. Parsepoint reduces the manual work by extracting key fields into a source-linked dataset your team can review.