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.

From Contract Upload to Audit-Ready Reports

See exactly how ZapLease automates your entire lease accounting lifecycle

Upload & Extract

Upload lease contracts in PDF, DOCX, or Excel format. Our AI powered by Google Cloud Document AI extracts all key terms — dates, payment schedules, escalation clauses, renewal options — with 95%+ accuracy. Supports multi-page contracts in English and regional languages.

PDF, DOCX, Excel support

95%+ AI extraction accuracy

Multi-language support

Automatic term identification

Manage & Calculate

Manage your entire lease portfolio from a centralized dashboard with an Excel-like interface. Automated IFRS 16 calculations for initial measurement and subsequent adjustments. Handle modifications across 4 scenarios (S1-S4), track critical dates, and manage approvals with maker-checker workflows.

Centralized dashboard

Automated IFRS 16 calculations

4 modification scenarios

Maker-checker workflows

Report & Comply

Generate comprehensive audit-ready reports with one click. Journal entries, notes to accounts, maturity analysis, and consolidated views. Complete disclosure requirements for Ind AS 116 and IFRS 16. Export everything to Excel for your auditors.

One-click report generation

Complete disclosure coverage

Ind AS 116 & IFRS 16

Excel export for auditors

Built for Every Role in Your Team

ZapLease provides tailored experiences for every stakeholder in your lease accounting workflow

Super Admin

System-wide oversight and multi-company management

Create & manage multiple companies

Assign company admins

System-wide configuration

Cross-company read-only access

Ready to Simplify Your Lease Accounting?

See the three-step process in action with a personalized demo of your own lease data.

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Free personalized demo

Setup in under 30 minutes