FAI Systems Startup Announces the Launch of LeaseUp Platform to Global Market

TORONTO - Dec. 28, 2021 - PRLog -- This marks a huge milestone for FAI Systems which earlier this month unveiled LeaseUp in public beta: the hottest lease accounting software to revolutionize the spirit of work through progressive technology, smart AI processing and intuitive tools for cross functional collaboration and simplified workflows. Its unique platform was built by subject matter experts to convert complex accounting standards into dynamic, user-friendly frameworks for organizations of all sizes.

Embracing technology and delegating the heavy lifting to artificial intelligence is a game changer for organizations that don't want to be left behind.

"It is no secret that the world of financial reporting is often complex and tedious. In many cases, the associated processes are manual in application for most organizations that still rely on the traditional record keeping through paper, emails, transaction recording and other software. With FAI Systems, we are revolutionizing the financial reporting for organizations worldwide through automation, artificial intelligence and best UX and UI practices. Organizations using LeaseUp will benefit from a streamlined process, compliance, and efficiency offered by this knowledge-based system such as expedient and seamless contract-to-journal-entries conversion."

—Matvei Kruglyak, CPA, CMA, CEO, Co-Founder of FAI Systems

With over 20,000 publicly listed and countless private organizations worldwide, all reporting under IFRS 16, it stands to reason that a solution to address the current leasing challenges is in high demand. At present, the existing software on the market requires users (an estimated 4 million professionals dealing with leases in one capacity or another), to manually input, track and oversee the processing for each termed agreement; moreover, the average cost to process a lease by a lessee is over $45. By using the LeaseUp platform, this overhead cost can be reduced by at least 65%.

Be a Part of Our Journey

FAI Systems is currently engaging investors for Series A round to further expand and include additional frameworks for other financial reporting standards.

Request a demo today @ inquiries@faisystems.com or visit us at www.faisystems.com/ to learn more.