Transforming the World of Financial Reporting at its Core: FAI Systems Startup Announces the Launch of LeaseUp Platform

Toronto, Ontario Dec 29, 2021 (Issuewire.com) – 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 an 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 the Series A round to further expand and include additional frameworks for other financial reporting standards. 

Request a demo today @ [email protected]

This is Us

Where there are challenges, there are hidden opportunities. This was just the nudge we needed during COVID-19 to form FAI Systems. As a team of experts from across the globe, we have found a common purpose to use this opportunity to deliver industry-disrupting solutions to organizations large and small, to address their pre- and post-pandemic financial reporting challenges. We are confident that our technologies wouldn’t be where they are today, without the right team, dedication, and ingenuity to create a real impact that benefits our customers, supporters, and the larger society.

To learn more, please visit us at www.faisystems.com/ or contact us today at [email protected].

Contact: Matvei Kruglyak
Phone: 647-375-8090
Email: [email protected]
Web: www.faisystems.com

###