FedLease™: End-to-end lease accounting has been saved
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FedLease™: End-to-end lease accounting
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Are you ready to efficiently manage your lease portfolio? Learn how FedLease, an end-to-end lease accounting software from Deloitte, helps you determine compliance with new and existing federal regulations while strengthening lease accounting programs and providing auditable, transparent executive reporting data to facilitate decision-making.
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FedLease™ for federal government agencies
Deloitte’s FedLease software helps federal government agencies with the adoption of and ongoing compliance with the new lease standard, Statement of Federal Financial Accounting Standards 54, Leases (“SFFAS 54”).
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With thousands of leases amounting to billions of dollars in annual rental payments within the federal government lease portfolio, the need for enhanced transparency, accountability, and efficiency in managing these leases has never been more critical.1 Federal actions to evaluate and streamline the lease portfolio highlight the need for more robust lease accounting and management systems to enable efficient and cost-effective lease portfolio management.2
Deloitte’s FedLease helps government agencies determine compliance with new and existing federal regulations while strengthening lease accounting programs and providing auditable, transparent data to facilitate decision-making.
The FedLease Advantage
FedLease is an innovative, cost-efficient technology solution designed to help government agencies manage their lease portfolios and advance their lease accounting programs. With Deloitte's FedLease, you can:
Gain transparency across your organization. Deloitte's lease accounting software provides a centralized repository for lease data to create a single source for lease accounting and reporting, providing executives with an enterprise-wide view of their agencies' lease portfolios.
Boost speed and efficiency. FedLease software automates time-consuming processes and includes user-friendly tools and prompts, enabling skilled personnel to reallocate their time to more strategic activities. With optional managed services, Deloitte can even handle lease accounting activities on your behalf.
Make informed decisions. FedLease's analytics capabilities enable agencies to access, review, and distill lease accounting data on a near real-time basis, surfacing insights to drive more cost-efficient portfolio management.
Leverage advanced technologies. FedLease can be used with Deloitte's Generative AI-enabled LeaseIntel tool to analyze lease contracts to extract high-value information more quickly and effectively.
Align with federal regulations. FedLease software helps federal government agencies with the adoption of and ongoing alignment with new lease standards, including the Statement of Federal Financial Accounting Standards 54, Leases (SFFAS 54), with built-in automated controls and audit readiness and remediation functionality to support compliance.
- Flexible deployment: Deploy on premise or as a SaaS solution based on security requirements.
- Unlimited user profiles: Manage users’ access levels and configure roles and permissions for each user.
- Workflow management: Obtain an audit trail and timestamp of each lease review event.
- Validation engine: Facilitate the agency’s review of data quality and completeness.
- Help text: Help text bubbles included next to certain fields guide users through their abstraction/lease data entry, supported by reference and training materials.
- Customer Support: Helpdesk and portal accessible by users 24/7.
- Data tracking: Configure and maintain specific data points through Attributes (drop-down list) and/or Custom Info Fields (open text, date, numeric fields).
- Attachments and links: Attach lease contracts and other supporting documentation directly onto the lease record.
- Modifications: Support scenario-specific contract modifications and reassessment events (extensions, terminations, renewals, payment updates, impairments, transfer between entities etc.) with this module, which allows multiple modifications in a single period and incorporates version control and workflow approvals.
- Preview of calculations: Analyze the anticipated accounting impact of a lease before reporting.
- Monthly close: Generate drafts of journal entries and book them to your general ledger after management review and approval.
- Disclosure and reporting: Gain access to 100+ project management, analytic, and disclosure reports.
- Audit readiness: Generate audit-ready packages of detailed lease information and specific data points with the click of a button.
Deloitte's Generative AI-enabled LeaseIntel tool complements FedLease to further accelerate, enhance, and customize the document data abstraction process, enabling agencies to analyze entire lease portfolios to find and report termination rights in existing leases in accordance with Executive Order 14222 Sec. 3(g) - Real Property Disposition. LeaseIntel can accelerate abstraction efforts to operate up to 95% faster.
Our tool can analyze entire lease portfolios to:
- Analyze multi-document contracts (original, amendments, and letter agreements)
- Identify in-force termination clauses
- Distinguish federal funds from no-cause termination rights
- Summarize rights & exercise requirements
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Government lease accounting transformation
Plan now for new lease accounting standards for state/local governments and public higher education institutions regulated by GASB (GASB 87) and for the federal government (SFFAS 54). Learn more about GASB 87 and SFFAS 54.

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