ProLease
by MRI Software · Lease Accounting
Lease accounting and administration software for ASC 842, IFRS 16 and GASB 87 compliance.
- Works with
- SAP, Oracle, Workday, NetSuite, Microsoft Dynamics
- Deployment
- Cloud
- Company size
- Small business, Mid-market, Enterprise
- Pricing
- Quote-based
Overview
MRI ProLease (marketed by MRI Software, and previously an independent company acquired by MRI Software) is an end-to-end lease administration and lease accounting platform for organizations that lease real estate and equipment. It targets corporate occupiers, government entities and mixed real-estate/equipment lease portfolios that need to comply with multiple lease accounting standards at once.
The platform separates lease administration (dates, options, critical milestones, space and CAFM data) from lease accounting (classification, discount rates, right-of-use asset and liability calculations, journal entries and disclosures), using what MRI calls a "one-to-many" lease data model so a single lease record can drive compliant output under ASC 842, IFRS 16, GASB 87 and FRS 102 simultaneously rather than requiring separate models per standard.
ProLease is offered in tiers (Direct, Central, and Enterprise/Horizon) scaled to portfolio size and complexity, and integrates with core financial systems to post lease-related journal entries and disclosures into the general ledger, either through file-based export/import, API connections, or licensed ERP connectors.
Features & capabilities
Lease Administration
Centralized tracking of lease terms, dates and obligations across real estate and equipment.
- Critical date and option alerts (renewals, terminations, escalations)
- Real estate and equipment lease tracking in one system
- Sublease and complex lease structure support
- Contractual obligation and compliance tracking
- Space and CAFM data integration
Lease Accounting & Compliance
Calculation engines and disclosures for multiple accounting standards.
- ASC 842, IFRS 16, GASB 87 and FRS 102 compliance calculations
- One-to-many lease data model across standards
- Right-of-use asset and lease liability calculation
- Lessee and lessor accounting
- Automated exemptions for short-term/low-value leases
- Discount rate management
- Remeasurements and modifications tracking
Journal Entries & GL Integration
Automated posting of lease accounting output to financial systems.
- Automated journal entry generation per accounting period
- Lessee and lessor disclosure reports
- Dual entity/group vs. entity reporting
- Flexible accounting periods (calendar, 13-week, retail, manufacturing)
- Export to Excel/CSV or direct interface to ERP/financial systems
- Audit trail for journal postings
AI & Data Extraction
AI-assisted abstraction of lease data from source contracts.
- AI-powered lease document abstraction (via MRI Contract Intelligence)
- Discrepancy surfacing between abstracted data and accounting records
- Automated payment and cost calculations
Cost & Payment Management
Controls over lease-related spend and payments.
- Automated lease payment calculations
- Overspend and budget variance alerts
- Maintenance and service obligation monitoring
Common use cases
- Achieving ASC 842 and IFRS 16 compliance across a mixed real estate and equipment lease portfolio
- Consolidating lease accounting for multinational entities that must report under both US GAAP and IFRS
- Automating monthly journal entries and disclosures instead of maintaining spreadsheet-based lease calculations
- Government and public sector entities complying with GASB 87 lease reporting
- Tracking critical lease dates (renewals, terminations) to avoid missed options or unplanned holdover costs
- Abstracting lease contract data with AI to speed up implementation and reduce manual data entry
- Feeding lease journal entries and disclosures into an existing ERP general ledger
Strengths & considerations
Strengths
- Single lease record drives compliant output across ASC 842, IFRS 16, GASB 87 and FRS 102 simultaneously ("one-to-many" model)
- Combines lease administration (dates, options, space/CAFM) and lease accounting in one platform rather than accounting-only
- Tiered product line (Direct, Central, Enterprise) scaled to portfolio size, from lean teams to large multinational occupiers
- AI-assisted lease abstraction via companion product MRI Contract Intelligence
ERP integrations
Posts lease journal entries and disclosures to SAP general ledger; pre-built connector reported to be available as a separately licensed add-on
Posts lease journal entries and disclosures to Oracle general ledger
Posts lease journal entries and disclosures to Workday Financial Management
Pricing
Priced by number of leases, modules and entities; third-party estimates cite a starting range around $6,000/year with mid-market and enterprise portfolios running substantially higher. MRI Software does not publish pricing; contact vendor for a quote. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- SaaS
Alternatives to ProLease in Lease Accounting
ProLease — frequently asked questions
Does ProLease integrate with SAP?
Yes. ProLease can post lease accounting journal entries and disclosures to SAP's general ledger via file export/import or API-based interfaces; a pre-built SAP connector has been reported as available as a separately licensed add-on.
What accounting standards does ProLease support?
ProLease supports ASC 842, IFRS 16, GASB 87 and FRS 102, using a single lease data model that can produce compliant output under multiple standards at once.
How much does ProLease cost?
MRI Software uses quote-based pricing driven by the number of leases, entities and modules selected; the vendor does not publish standard pricing, so buyers should request a quote.
Is ProLease only for real estate leases?
No. ProLease manages both real estate and equipment leases (including fleet, IT and machinery) within the same platform.
Evaluating Lease Accounting?
Tell us your ERP and requirements and we'll send an independent shortlist — including ProLease and the best-fit alternatives — with honest pros and cons.