The Art & Science of Managing Your Assets

The Art

Blitzn is way ahead of the FASB curve, developing systems, processes and data collection and analytics tools to manage the transition effectively. We’ve got you covered through a combination of insight, knowledge, and expertise.  Knowing how the different elements of your portfolio and financial systems fit together is like knowing how to compose the perfect painting.

The Science

Our technology is fully compliant with FASB.  There is no better solution to comply with FASB and manage your lease administration and project management needs.  Our platform helps you:

  • Automate the creation and maintenance of GAAP schedules for rent payments
  • Implement SOX-compliant processes and controls
  • Provide a highly secure, audit-able processing environment that is fully compliant with SSAE 16

For retail real estate executives, our software:

  • Captures the data needed to establish the correct contractual term for a new or renewing lease
  • Analyzes the payment data required to separately record lease payments and exclude non-lease amounts
  • Provides an audit-able review that will define whether a lease is classified as an operating or finance lease
  • Gives you everything you need to guide you through the complexities of sub-leasing, build-to-suit, and sale-leaseback transactions

For financial executives, our software:

  • Creates journal entries to record assets and liabilities for every individual lease
  • Generates GAAP- and IFRS-compliant entries to feed to your income statement
  • Provides the accounting entries to your AP, AR, GL systems to ensure your real estate financials are complete and timely
  • Generates an audit trail that will stand up to the most demanding scrutiny, showing how the financial information you report was generated from your lease accounting records