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.

Privacy Policy | ZapLease - AI Lease Accounting

At ZapLease (“we,” “our,” or “us”), operated by Subraps, we are committed to protecting your privacy and ensuring the security of your personal information. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our lease accounting software and website.

1. Information We Collect

Personal Information

We may collect the following personal information when you use our services:

Name, email address, and phone number
Company name and job title
Billing and payment information
Account credentials

Lease Data

When you use ZapLease, you may upload lease contracts and related financial documents. This data may include:

Lease contract documents (PDF, DOCX, Excel)
Financial terms, payment schedules, and lease parameters
Calculated lease liabilities and right-of-use asset values
Generated reports and journal entries

Usage Data

We automatically collect certain information about your use of our platform:

Browser type and version
Operating system
Pages visited and features used
Time spent on the platform
IP address and approximate location

2. How We Use Your Information

We use the collected information for the following purposes:

Providing and maintaining our lease accounting services
Processing lease documents through AI extraction
Generating financial reports and calculations
Communicating with you about your account and our services
Improving our platform and developing new features
Providing customer support
Complying with legal obligations

3. Cookies and Tracking Technologies

We use cookies and similar tracking technologies to enhance your experience on our website. These include:

Essential Cookies: Required for the platform to function properly, including authentication and security.
Analytics Cookies: Help us understand how users interact with our platform to improve the experience.
Preference Cookies: Remember your settings and preferences for a personalized experience.

You can manage cookie preferences through your browser settings. Disabling certain cookies may affect platform functionality.

4. Data Security

We implement industry-standard security measures to protect your data:

AES-256 encryption for data at rest
TLS 1.3 encryption for data in transit
Role-based access controls with maker-checker workflows
Regular security audits and vulnerability assessments
Secure cloud infrastructure on Google Cloud Platform
Automated backup and disaster recovery procedures

5. Third-Party Services

We may share your information with trusted third-party service providers who assist us in operating our platform:

Google Cloud Platform: Cloud hosting and Document AI for lease extraction
Payment Processors: For handling billing transactions securely
Analytics Providers: For understanding platform usage and improving our services

These providers are bound by contractual obligations to protect your data and only use it for the purposes we specify.

6. GDPR Compliance

For users in the European Economic Area (EEA), we comply with the General Data Protection Regulation (GDPR). Your rights include:

Right to Access: Request a copy of your personal data
Right to Rectification: Request correction of inaccurate data
Right to Erasure: Request deletion of your personal data
Right to Portability: Request your data in a machine-readable format
Right to Object: Object to processing of your personal data
Right to Restrict: Request restriction of processing

To exercise any of these rights, please contact us at enquiry@subraps.com.

7. Data Retention

We retain your personal information and lease data for as long as your account is active or as needed to provide our services. When you close your account:

Personal data is deleted within 30 days
Lease data and documents are deleted within 90 days, unless required for legal or regulatory purposes
Backup copies are purged within 180 days of account closure

You may request earlier deletion by contacting us directly.

8. Children's Privacy

ZapLease is designed for business use and is not intended for individuals under the age of 18. We do not knowingly collect personal information from children.

9. Changes to This Policy

We may update this Privacy Policy from time to time. We will notify you of any material changes by posting the new policy on this page and updating the “Last updated” date. We encourage you to review this policy periodically.

10. Contact Us

If you have questions or concerns about this Privacy Policy or our data practices, please contact us:

Email: enquiry@subraps.com
Phone: +91-9884462634