Extract lease terms and automate lease accounting with AI
Leverage AI to extract key lease terms from contracts and determine lease classification using predefined accounting logic. Integrate the results with SAP Contract and Lease Management to ensure compliance consistency and streamline reconciliation processes.
Overview
Reduce lease accounting workload and improve compliance accuracy
Automate end-to-end lease accounting by integrating AI-enhanced data extraction with SAP S/4HANA financial processes to accelerate financial closing and improve operational efficiency.
Improve audit readiness and strengthen regulatory compliance
Strengthen compliance by automatically classifying lease contracts and integrating results into SAP Contract and Lease Management to improve governance and operational efficiency.
Accelerate financial closing and improve reporting transparency
Accelerate financial closing by automating lease identification and structured data preparation, enabling faster reporting and greater transparency across teams.
Details
Solution Type
Extensions and Add-ons
Industry
Cross-Industry
Compatibility
Works with
SAP S/4HANA Cloud Public Edition, enterprise contract management
Features
Ensure consistent lease classification and reduce manual review efforts by deploying an AI agent that analyzes contract terms and integrates structured results with SAP Contract and Lease Management to improve operational efficiency and regulatory compliance.
Integrate AI-enhanced lease classification results into SAP Contract and Lease Management workflows to improve contract governance and operational efficiency.
Analyze lease contracts using an AI agent to evaluate lease applicability based on defined accounting criteria, providing transparent decision logic and supporting consistent lease assessments.
Plans and pricing
Standard Edition
Includes an AI-based lease identification module that analyzes OCR-extracted contract data and determines lease classification in accordance with configurable accounting policies.
Includes an integration component that transfers lease identification results to SAP Contract and Lease Management for consistent contract management and governance.
Includes a lease classification module and an SAP Contract and Lease Management integration component for transferring classification results.
- Minimum contract 3 years
- Has prerequisite
Includes an AI-based lease identification module that analyzes OCR-extracted contract data and determines lease classification in accordance with configurable accounting policies.
Includes an integration component that transfers lease identification results to SAP Contract and Lease Management for consistent contract management and governance.
Includes a lease classification module and an SAP Contract and Lease Management integration component for transferring classification results.
Technical Information
| Solution Type | Extensions and Add-ons |
| Category | Accounting and Financial Close |
| Industry | Cross-Industry |
| Works with |
SAP S/4HANA Cloud Public Edition, enterprise contract management |
The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Deployment |
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| Globalization |
Translated user interfaces and documentation User interfaces and documentation for this product have been translated into multiple languages. Please consult product documentation or contact the publisher for more details. |
| Operations |
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The following information is provided by the publisher and applies to the latest app version available on the SAP Store. SAP does not control these policies and procedures; the publisher is solely responsible for the accuracy of the provided information.
| Security |
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| Compliance |
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| Privacy policy |
SAP's privacy policy is not applicable to the use of this app. Please refer to the privacy policy provided by this app's partner. |
Resources
Customer Stories
Solution Overview
Company Introduction Video
Publisher
FAST ACCOUNTING,CO., LTD.
Fast Accounting is a leader in AI-driven accounting automation, trusted by major enterprises for proven results. We combine expertise in automation, computer vision, and character recognition to deliver accurate, efficient solutions that transform finance operations with professional excellence.
