Mid-size company needs ASC 842 lease accounting software that handles modifications and renewals smoothly without manual complex procedures.

Existing lease accounting software fails to handle modifications and renewals efficiently, causing fire drills and manual work.

Severity

4High

Willingness to Pay

implied

Added

May 22, 2026

App Concept

LeaseMod Pro

LeaseMod Pro automates ASC 842 lease modifications and renewals. It seamlessly recalculates lease schedules upon any change, eliminating manual fire drills. With guided workflows and audit-ready reports, it ensures compliance without the headache.

Key Features

One-click modification processing with automatic schedule adjustments
Renewal handling with embedded options and automatic reclassification
Audit-ready ASC 842 reports and journal entries
Integration with major ERP systems
Collaboration tools for review and approval workflows

Target Users: Accountants and controllers at mid-size companies (100-500 employees) in any industry requiring ASC 842 compliance.

Revenue Model: $500/mo flat fee for up to 100 leases; $200/mo per additional 50 leases. Includes support and updates.

Existing Solutions Mentioned

old setup

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