IRIS Lease Accounting 2026: Benefits, Features & Pricing

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On this page

Overview
Pricing and Plans
Features
User Reviews

Overview

IRIS Lease Accounting

4.3

(7)

Pricing

Pricing available upon request

About IRIS Lease Accounting

IRIS Lease Accounting is a cloud-based solution designed to simplify and automate compliance with the FASB ASC 842 and IFRS 16 standards. The solution is used by thousands of finance professionals globally and is relied upon by global enterprises to achieve and maintain compliance with the latest lease accounting standards.

The solution incorporates rich functionality that revolutionizes the way you manage FASB ASC 842 and IFRS 16 compliance including: leasing subledger, simplified re-measurement, amortisation and depreciation schedules, multi-calendar support, accurate disclosures and audit trail reporting, lessee and lessor accounting, Covid-19 rent concessions, end of lease notifications, full lifecycle management, robust controls, data validation, multi-currency translation, management of non-lease components, in-built control measures and much more.

For your integration requirements, API technologies support straightforward integration with inbound data from property management systems and outbound data such as SAP, Oracle, and other popular ERP systems.

Companies use IRIS Lease Accounting across all industry segments and international markets and it is most applicable to...

IRIS Lease Accounting Screenshots

IRIS Lease Accounting Pricing and Plans

Starting price: £0.46

Free Trial

Free Version

Basic

£0.46

flat rate

No plan information available

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IRIS Lease Accounting Features

Popular features found in Lease Management
Accounting
Billing & Invoicing
Commercial Leases
Contact Management
Document Storage
Expense Tracking
Lease Origination
Maintenance Management
Property Management
Residential Leases
Retail Leases
More features of IRIS Lease Accounting
Activity Tracking
Ad hoc Reporting
Alerts/Escalation
Alerts/Notifications
Amortization Schedule
Asset Lifecycle Management
Audit Management
Audit Trail
Budgeting/Forecasting
Capitalization Reporting
Cash Flow Management
Client Portal
Configurable Workflow
Contact Database
Contract/License Management
Critical Date Alerts
Currency Conversion
Customer Database
Customizable Fields
Customizable Reports
Data Import/Export
Document Management
Financial Analysis
Financial Management
Forecasting
For Equipment Leases
For Real Estate
Invoice Management
Mobile Access
Multi-Currency
Multi-Location
Portfolio Management
Real-Time Reporting
Reminders
Reporting/Analytics
Reporting & Statistics
Search/Filter
Self Service Portal
Task Management
Third-Party Integrations
Transaction History
User Management
Vendor Management
Workflow Management
Work Order Management

IRIS Lease Accounting User Reviews

Overall Rating

4.3

Ratings Breakdown

29%

71%

Secondary Ratings

Ease of Use

4.4

Value for money

4.7

Customer support

5.0

Functionality

4.0

Have you used IRIS Lease Accounting and would like to share your experience with others?

Alison R.

Verified reviewer

Airlines/ Aviation

1001-5000 employees

Used daily for more than 2 years

Reviewed July 2021

IRIS leasing software

We needed a product urgently to manage our leases follow the implementation of IFRS16. Using the reports available there has been enough information in all the reports to produce all the reporting/disclosure requirements with a little manipulation. So overall experience very good. There are a few areas like intercompany leases, impairment where we currently have workarounds.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Ease of implementation and use. Reports provided pretty comprehensive.

Cons:

Software features have increased over time but we have had to do a few work arounds until features become available

Reasons for choosing IRIS Lease Accounting

Ease of implementation and price.

Rachel K.

Verified reviewer

Higher Education

1001-5000 employees

Used monthly for more than 2 years

Reviewed June 2021

Very pleased with our journey with LOIS / IRIS Lease Accounting

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Very easy to use and looks nice, which made roll out to the business and training a lot more efficient. The helpdesk is simple to use and response time is very good.

Cons:

Not all features were available and still there are some features not ready yet, such as sublease / lessor accounting. There are also some restrictions/limitations such as only certain modification dates being available within an In Life Change.

Reasons for choosing IRIS Lease Accounting

Very reasonably priced and the team were very helpful and paid attention to our business. During the demo I could see it was a quality product.

Simon H.

Verified reviewer

Consumer Goods

1001-5000 employees

Used daily for less than 2 years

Reviewed June 2021

Simon Hughes BWG

Very good product with great customer service but i do feel the above 2 features are crcuial.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

I think the excel reports are excellent, so easy to follow and have all the financial information required from all areas of finance as well the information worksheet informs all readers of all the information of each lease.

Cons:

2 things i think must be updated in order for it to be the perfect product. 1. From an accounting side of things back posting should not be allowed in the excel reports. 2. Subleases need to be accounted for.

Bart B.

Verified reviewer

Food Production

5001-10000 employees

Used weekly for more than 2 years

Reviewed June 2021

Review LOIS Lease Accounting

Customer support is excellent!

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Easy to master, outputs provide all information that is needed in one clear way.

Cons:

Handling speed (from screen to screen) may be improved.

Reasons for choosing IRIS Lease Accounting

N/a

Tomoko U.

Verified reviewer

Logistics and Supply Chain

1001-5000 employees

Used monthly for less than 6 months

Reviewed June 2021

Great system I can trust

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

I like the system because it's very user friendly and intuitive. Reports system generates include more than enough information that we need and make our reporting much easier every month. Since we started to use this system, we have not had any problem at all and our reporting now takes 1/10 of time compared to our old system. Their customer service is exceptionally good and I have build a good relationship with them already.

Cons:

Perhaps the cost, though I feel it's worth it considering how stress free it is now using software, it is more than we paid to other software we had before.

Reasons for switching to IRIS Lease Accounting

It was not user friendly, there was no function to lock data so the numbers kept changing and found it very difficult to reconcile all numbers. Any changes we had to make wasn't straight forward and it couldn't accommodate changes we wanted to make very well. We also had problem with customer services as they were overseas based company, there was always time difference which delayed any responses to be looked at.

Anton G.

Verified reviewer

Food & Beverages

1001-5000 employees

Used monthly for more than 2 years

Reviewed June 2021

Very good value for money

Initial implementation of IRIS lease accounting was a smooth ride. Aftercare is excellent.

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Ease of use Deployment process Continuous support

Cons:

Direct link to ERP platform not available

Reasons for choosing IRIS Lease Accounting

Value for money

Helen S.

Verified reviewer

Retail

5001-10000 employees

Used monthly for less than 2 years

Reviewed July 2021

Simple and effective

Ratings Breakdown

Ease of use

Value for money

Customer support

Functionality

Pros:

Great support during implementation, happy to answer all my queries and concerns, simple and effective for Finance to ensure IFRS16 accounting is correct and fully auditable

Cons:

Not possible to amend the financial calendar that was changed after implementation, English quarters have to be entered manually

Showing 1 - 7 of 7 Reviews