What Caseware’s Acquisition of LeaseJava Means for Lease Accounting 

At Caseware, we’re committed to building software tools and platforms that enhance efficiency, simplify compliance and improve workflows for auditors and financial professionals. That’s why we’re excited about our recent acquisition of LeaseJava, a cloud-based lease accounting solution, designed and developed by leasing standards experts, that helps businesses and accounting firms navigate the complexities of lease accounting. 

LeaseJava is an innovative cloud-based product that helps organizations manage their leases while supporting compliance with accounting standards like ASC 842, IFRS 16 and GASB 87.  

LeaveJava was built by lease experts with field experience to allow lease accounting teams to work more efficiently. LeaseJava’s features, such as automated lease calculations and configurable export options, make lease accounting easier, more accurate and less time-consuming.  

The solution supports lease modifications without the need to create new leases, significantly simplifying the process for professionals. LeaseJava handles complex and nuanced scenarios, including partial termination, weighted average calculations and daily lease calculations. 

What this acquisition means for customers 

With LeaseJava joining Caseware, we’re delivering even greater value to our customers by enhancing our solutions with advanced lease accounting capabilities. LeaseJava’s highly specific feature set can solve even the most niche lease use cases, reducing the time teams spend managing leases. 

Here’s what you can expect: 

• Enhanced Audit Efficiency: Professionals will benefit from a more seamless, automated lease audit process, allowing them to focus on analysis and insights rather than manual data entry.  

• Better Financial Accuracy: With support for complex scenarios and automated data validation, you can reduce errors and improve the accuracy of financial statements related to lease obligations. 

• AI Capabilities: Caseware’s AI-powered digital assistant AiDA can extract key terms from leases and provide references for each term, allowing professionals to check AiDA’s work. 

• Help Scaling Up Your Practice: Purpose-built lease automation enables professionals to provide additional services to clients without adding significant headcount. 

Seamless integration and continued support 

Caseware is integrating LeaseJava’s powerful lease accounting into our existing solutions while ensuring continued support for current LeaseJava customers. As we enhance the platform with new features and improved user experiences, customers can expect ongoing assistance. Future updates will be shared as we roll out new capabilities. 

The future of lease accounting 

With LeaseJava joining the Caseware family, we’re reinforcing our commitment to delivering powerful tools that empower audit professionals and financial teams. This acquisition strengthens our ability to simplify compliance, enhance efficiency and reduce the burden of lease accounting for our customers. 

Stay tuned for more updates on how this acquisition will shape the future of audit and accounting workflows. If you’d like to learn more, don’t hesitate to reach out to our team or request a demo.