LeaseJava

Since the beginning of 2019, public companies in the US have had to comply with the new standard on lease accounting. That sentence sounds way out of our understanding as a technology company. But it sounds very much within (in fact at the core of) our expertise as a solution-designing company. Our client and CEO of LeaseJava, Mike Cheng, conceived the idea for compiling leases with the new standard (ASC 842) for his clients. Our journey of transforming this idea into a software began with extremely heavy sessions of brainstorming. However, our expert consultants put the best cards on the table, designing algorithms of the highest efficiency to build this power packed and user friendly SaaS platform.
  • Client
    Venkat
  • Tech Stack
    Node.js, React.js, MongoDB, STRIPE, AWS
  • Industry
    Leases

Key Features:

  • Superadmin Panel
    Our clients have complete control over the system through the super-admin panel ranging from overseeing what clients the customers work with to lease usage and payment cycles.
  • ASC 842 Leases:
    LeaseJava can process new leases according to the ASC 842 leasing rules introduced by the US government in the recent past. The application can also help leases transition from the old system to new.
  • Pay-as-you-go Model
    Customers are charged based on the number of active leases they process. The sleek payment experience for the users allows them to add their payment method that the system charges at the end of every month automatically.
  • Journal Entries
    The application lets customers run journal entries for as many leases as they want between any desired start and end date.
  • Disclosures And Reports
    Extremely detailed and accurate reports and disclosures can be fetched for leases at the click of a button. These reports are both on a daily and monthly basis.

Services provided

Product management

We took complete ownership of how the product features and workflows are aligned with the business logic and decided the path of development.

Web development

We developed the look and feel of the web platforms (customer facing website and 4 admin panels), built the backend API, designed the database structure and integrated the three.

Technical support

We deployed the system on the respective AWS platform, configured AWS according to the scalability needs of the client and took care of the glitches within 24 hours of them showing up.

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