ZapLease is an AI-powered lease accounting software designed for Indian enterprises. It automates Ind AS 116 and IFRS 16 compliance by extracting lease data from documents, managing the full lease lifecycle, handling modifications, and generating audit-ready financial reports.

How accurate is the AI document extraction?

ZapLease AI extraction achieves 95%+ accuracy when processing lease contracts in PDF, DOCX, or scanned image formats. Key terms like lease start dates, payment schedules, escalation clauses, and incremental borrowing rates are extracted automatically.

Does ZapLease support Ind AS 116 compliance?

Yes, ZapLease is fully compliant with Ind AS 116 (Indian Accounting Standard for Leases). It automatically calculates Right-of-Use assets, lease liabilities, generates journal entries, notes to accounts, and all required disclosure reports.

How many lease modification scenarios does ZapLease handle?

ZapLease handles all 4 lease modification scenarios (S1-S4) as defined by Ind AS 116 and IFRS 16, with correct P&L treatment and automatic recalculation of lease liabilities and ROU assets.

Can ZapLease manage leases across multiple companies?

Yes, ZapLease supports multi-company management with parent/subsidiary structures and consolidated reporting across 9 currencies, making it ideal for enterprise groups with complex lease portfolios.