Lease Administration
ASC 842 Exposure Monitor
Continuously validates lease data for missing options, incorrect terms, inconsistent dates, and incorrect discount rates. Flags material misstatements before audits.
What it does
- Validates lease data for missing renewal options and incorrect terms
- Detects inconsistent commencement and expiration dates across abstracts
- Flags incorrect discount rates and present-value calculation errors
- Identifies material misstatements before financial audits
- Calculates Right-of-Use asset and lease liability exposure by location
- Monitors lease classification (operating vs. finance) compliance
- Generates audit-ready ASC 842 reconciliation reports
- Tracks lease modification events that trigger remeasurement
What it takes
- Commercial Lease Agreement
- Lease Amendment
- Commencement Certificate
- Sublease Agreement
- Lease Termination Agreement
What it returns
- Excel Table
- PDF Report
- JSON Data
- Audit Package
Written into the systems your team already runs, not into a second system of record.
How teams run it
Lease Data Validation
Scan all leases for missing fields, incorrect dates, and classification errors.
Discount Rate Audit
Verify incremental borrowing rates and present-value calculations per ASC 842.
Material Misstatement Detection
Flag lease data anomalies that could trigger audit adjustments.
Portfolio Exposure Report
Calculate total ROU asset and lease liability exposure across all locations.
Cited, or flagged
Every value is anchored to the clause it came from. Where one is missing, Surfaice says so rather than inventing it.
Read where it lives
Documents are processed for the request and not retained afterwards. Nothing is copied into a second system of record.
Never trained on
Your documents do not train models — yours or anyone else's.
More in Lease Administration
See it run on your own documents.
Fifteen minutes, your files, and the clause behind every answer.