Automate ROU asset and lease liability calculations with AI-powered dual-standard compliance. You review the analysis. We handle the grunt work.
Every month, the same grind: chase data, run calculations, cross-check standards, pray nothing slipped through. There's a better way.
ROU assets, lease liabilities, modifications, remeasurements—each lease is a spreadsheet rabbit hole. One formula error cascades everywhere.
ASC 842 says one thing, IFRS 16 says another. Tracking differences and ensuring both are right? That's where mistakes hide.
Lease term changes, payment adjustments, early terminations—each modification requires recalculation and documentation. Miss one, fail the audit.
"Show me how you calculated this." Without a complete trail from source document to journal entry, audit prep becomes a scramble.
Overclock interprets ASC 842 and IFRS 16 simultaneously, flags differences, and ensures every calculation complies with both frameworks.
Connect your lease management system, spreadsheets, or contracts. We extract terms automatically.
ROU assets, lease liabilities, amortization schedules, interest expense—computed in seconds.
AI cross-references both standards, highlights treatment differences, ensures compliance.
Clear summary with audit trail. Your job is analysis and sign-off—not data entry.
Every feature designed to eliminate manual work while maintaining the control you need.
Automated generation with interest expense, principal reduction, and running balances. Export-ready for any GL.
Term changes, payment adjustments, early terminations—recalculated instantly with full documentation trail.
Automatic finance vs. operating lease classification under both ASC 842 and IFRS 16 with reasoning documented.
AI monitors guidance updates and alerts you to changes that affect your lease portfolio. No more surprises.
Generate footnote disclosures with maturity analysis, weighted-average terms, and expense breakdowns.
Every calculation traceable to source document, standard citation, and approval. Auditors get answers in clicks, not days.
AI handles the calculations and compliance checks. You focus on what requires human judgment.
Join our pilot program. See how Overclock handles your actual lease portfolio.