MyndLeaseX

MyndLeaseX is a SaaS lease management software used to handle the lease life cycle from MOU creation to termination or closure, invoice management, reporting, and compliance. The solution also provides visibility into the rent and utility invoice life cycle, managed utilities, and can be used to track electricity unit consumption, analyzing rent, CAM, and variance.

LeaseX's vendor self-service portal allows landlords to manage information and track payments, while finance teams have comprehensive analytics and reporting. The platform integrates with major ERP systems and provides secure digital document management.

From landlord onboarding to lease closure and settlement, LeaseX provides visibility and control over complex lease portfolios, enhancing financial governance while improving landlord relationships.

Features

Dynamic Calculation Engine

• Handles complex lease calculations including revenue sharing and multiple landlords
• Automatically implements rent escalations based on predefined terms
• Adjusts calculations retrospectively while maintaining audit trails

Vendor Self-Service Portal

• Enables digital landlord onboarding with KYC verification
• Allows landlords to submit invoices and track payment status in real-time
• Streamlines communication between property managers and landlords

Comprehensive Compliance Automation

• Automates IND-AS 116 and IND-AS 109 compliance reporting
• Calculates Right to Use, Lease Liability, Interest, and Rent automatically
• Generates monthly/periodical adjustment entries without manual intervention

Invoice Management System

• Provides rule-based invoice validation to ensure accuracy
• Supports e-submission of invoices with automated calculation verification
• Implements configurable multi-level approval workflows

Flexible Workflow Engine

• Adapts to organizational approval hierarchies through customizable matrices
• Digitalizes approval processes while maintaining organizational structure
• Tracks all approvals with complete audit trails

Security Deposit Management

• Manages security deposits from collection to settlement
• Handles deposit escalations automatically based on agreement terms
• Calculates final settlements with all applicable deductions

Lease Agreement Management

• Provides digital templates for standardized lease documentation
• Supports multiple agreements for single locations (rent, CAM, amenities)
• Maintains digital repository of all lease-related documents

Financial Control and Reporting

• Tracks all lease-related expenses in real-time (rent, CAM, utilities)
• Provides comprehensive analytics for better financial planning
• Generates customizable reports for different stakeholder needs

Integrations

• ERP Systems: SAP, Oracle, Microsoft Dynamics, Tally, and custom ERP systems
• Point of Sale (POS) Systems for automated revenue sharing calculations
• Banking Systems with payment gateway integration
• Document Management Systems with digital signature capabilities
• Integration options include API-based integration and SFTP file transfers

Support Options

• Dedicated account managers for ongoing assistance
• Technical support teams for issue resolution
• Phased implementation approach over 8 weeks
• Structured data migration support with validation and verification
• Regular system updates and improvements

Security

• SOC 1 Type 2 compliant
• ISO 27001:2013 certified
• Multiple security layers including encryption at rest and in transit
• Role-based access control for data protection
• Regular security audits and VAPT (Vulnerability Assessment and Penetration Testing)
• Regular automated data backups with recovery capabilities

Working toward ISO 27701:2019 compliance