Quick Overview
- 1#1: LeaseQuery - Automates GASB 96-compliant accounting, reporting, and disclosure for Subscription-Based Information Technology Arrangements (SBITAs) in governments.
- 2#2: Visual Lease - Delivers enterprise lease administration software with full GASB 96 SBITA lifecycle management and compliance automation.
- 3#3: Ascent RegTech - Provides cloud-based lease accounting software supporting GASB 96 for accurate SBITA recognition and financial reporting.
- 4#4: Tyler Technologies - Offers government ERP solutions like MUNIS with integrated GASB 96 SBITA accounting and asset management features.
- 5#5: Springbrook Software - Cloud ERP for local governments featuring GASB 96 compliance tools for SBITA tracking and general ledger integration.
- 6#6: Black Mountain Software - Fund accounting software for governments with GASB 96 SBITA modules for subscription expense recognition and reporting.
- 7#7: BS&A Software - Municipal software suite including financial tools compliant with GASB 96 for SBITA accounting and audits.
- 8#8: Caselle - Government financial management system supporting GASB 96 SBITA accounting, amortization, and disclosure requirements.
- 9#9: Infor Public Sector - Public sector ERP with GASB 96 capabilities for managing IT subscriptions and ensuring compliant financial statements.
- 10#10: Workday - Government cloud financial platform with support for GASB 96 SBITA right-of-use assets and subscription liability tracking.
Tools were chosen and ranked based on features (e.g., lifecycle management, automation), quality (accuracy, stability), ease of use (intuitive design), and value (ROI, cost-effectiveness), ensuring they meet the stringent requirements of government GASB 96 implementation.
Comparison Table
GASB 96 compliance demands careful evaluation of lease accounting tools, and this comparison table features leading solutions like LeaseQuery, Visual Lease, Ascent RegTech, Tyler Technologies, Springbrook Software, and more. Readers will learn key differences in functionality, suitability, and alignment with GASB 96 standards to select the best fit for their organization's needs.
| # | Tool | Category | Overall | Features | Ease of Use | Value |
|---|---|---|---|---|---|---|
| 1 | LeaseQuery Automates GASB 96-compliant accounting, reporting, and disclosure for Subscription-Based Information Technology Arrangements (SBITAs) in governments. | specialized | 9.8/10 | 9.9/10 | 9.5/10 | 9.4/10 |
| 2 | Visual Lease Delivers enterprise lease administration software with full GASB 96 SBITA lifecycle management and compliance automation. | enterprise | 9.2/10 | 9.5/10 | 8.7/10 | 8.9/10 |
| 3 | Ascent RegTech Provides cloud-based lease accounting software supporting GASB 96 for accurate SBITA recognition and financial reporting. | specialized | 8.7/10 | 9.2/10 | 8.4/10 | 8.3/10 |
| 4 | Tyler Technologies Offers government ERP solutions like MUNIS with integrated GASB 96 SBITA accounting and asset management features. | enterprise | 8.4/10 | 9.1/10 | 7.8/10 | 8.0/10 |
| 5 | Springbrook Software Cloud ERP for local governments featuring GASB 96 compliance tools for SBITA tracking and general ledger integration. | enterprise | 7.8/10 | 8.4/10 | 7.2/10 | 7.5/10 |
| 6 | Black Mountain Software Fund accounting software for governments with GASB 96 SBITA modules for subscription expense recognition and reporting. | specialized | 7.8/10 | 8.2/10 | 7.4/10 | 7.6/10 |
| 7 | BS&A Software Municipal software suite including financial tools compliant with GASB 96 for SBITA accounting and audits. | enterprise | 7.4/10 | 7.6/10 | 7.8/10 | 7.1/10 |
| 8 | Caselle Government financial management system supporting GASB 96 SBITA accounting, amortization, and disclosure requirements. | enterprise | 7.2/10 | 7.5/10 | 6.8/10 | 7.0/10 |
| 9 | Infor Public Sector Public sector ERP with GASB 96 capabilities for managing IT subscriptions and ensuring compliant financial statements. | enterprise | 8.1/10 | 8.4/10 | 7.6/10 | 7.8/10 |
| 10 | Workday Government cloud financial platform with support for GASB 96 SBITA right-of-use assets and subscription liability tracking. | enterprise | 7.8/10 | 8.2/10 | 6.9/10 | 6.5/10 |
Automates GASB 96-compliant accounting, reporting, and disclosure for Subscription-Based Information Technology Arrangements (SBITAs) in governments.
Delivers enterprise lease administration software with full GASB 96 SBITA lifecycle management and compliance automation.
Provides cloud-based lease accounting software supporting GASB 96 for accurate SBITA recognition and financial reporting.
Offers government ERP solutions like MUNIS with integrated GASB 96 SBITA accounting and asset management features.
Cloud ERP for local governments featuring GASB 96 compliance tools for SBITA tracking and general ledger integration.
Fund accounting software for governments with GASB 96 SBITA modules for subscription expense recognition and reporting.
Municipal software suite including financial tools compliant with GASB 96 for SBITA accounting and audits.
Government financial management system supporting GASB 96 SBITA accounting, amortization, and disclosure requirements.
Public sector ERP with GASB 96 capabilities for managing IT subscriptions and ensuring compliant financial statements.
Government cloud financial platform with support for GASB 96 SBITA right-of-use assets and subscription liability tracking.
LeaseQuery
specializedAutomates GASB 96-compliant accounting, reporting, and disclosure for Subscription-Based Information Technology Arrangements (SBITAs) in governments.
Automated tracking and capitalization of SBITA implementation costs with threshold assessments and phased amortization schedules.
LeaseQuery is a leading cloud-based lease and subscription accounting platform that automates compliance with GASB 87, GASB 96, IFRS 16, ASC 842, and other standards for public sector and enterprise users. For GASB 96, it excels in managing Subscription-Based Information Technology Arrangements (SBITAs) by handling contract abstraction, classification, liability measurement, implementation cost tracking, amortization schedules, and detailed financial disclosures. Its robust reporting tools ensure audit-ready outputs, making it ideal for governments navigating complex SBITA portfolios.
Pros
- Comprehensive GASB 96 automation including SBITA classification, implementation costs, and ongoing amortization
- Seamless integrations with ERP systems like Oracle, SAP, and Workday
- Exceptional customer support with dedicated implementation specialists
Cons
- Pricing can be premium for smaller organizations
- Initial data migration may require some expertise
- Advanced custom reporting requires configuration
Best For
State and local governments with large SBITA portfolios needing full GASB 96 compliance and scalable automation.
Pricing
Quote-based pricing starting around $5,000-$15,000 annually depending on portfolio size and features; enterprise plans scale accordingly.
Visual Lease
enterpriseDelivers enterprise lease administration software with full GASB 96 SBITA lifecycle management and compliance automation.
AI-driven lease/subscription abstraction that automatically extracts and classifies GASB 96 data from contracts for precise compliance calculations
Visual Lease is a comprehensive lease and subscription management platform that excels in automating compliance with GASB 96 for Subscription-Based Information Technology Arrangements (SBITAs). It handles the recognition, measurement, and reporting of subscription assets and liabilities, including amortization, interest expense calculations, and disclosure requirements. The software integrates seamlessly with ERP systems like Oracle and SAP, providing governments with real-time portfolio visibility and audit-ready financial statements.
Pros
- Robust GASB 96 automation for SBITA asset/liability tracking and amortization schedules
- Advanced integrations with major ERP and accounting systems
- Powerful reporting tools with customizable dashboards and audit trails
Cons
- Quote-based pricing can be steep for smaller governments
- Initial setup and data migration require significant time and expertise
- Advanced features may overwhelm users without dedicated training
Best For
Mid-to-large government entities with extensive SBITA portfolios needing enterprise-level GASB 96 compliance and scalability.
Pricing
Custom quote-based pricing, typically $25,000–$100,000+ annually based on portfolio size, users, and modules.
Ascent RegTech
specializedProvides cloud-based lease accounting software supporting GASB 96 for accurate SBITA recognition and financial reporting.
AI-assisted contract review that automatically flags and classifies potential SBITAs from vendor agreements
Ascent RegTech is a specialized compliance platform tailored for government entities to streamline GASB 96 Subscription-Based Information Technology Arrangements (SBITAs) accounting. It automates the classification, measurement, and ongoing management of SBITAs, generating necessary amortization schedules, right-of-use assets, and financial disclosures. The software integrates with popular ERP systems like Tyler Munis and Blackbaud, ensuring seamless data flow and audit-ready reporting.
Pros
- Robust automation for SBITA identification and ongoing tracking
- Strong ERP integrations and customizable reporting
- Dedicated government-focused support and training resources
Cons
- Higher pricing tier may deter very small municipalities
- Initial setup requires some accounting expertise
- Limited advanced analytics compared to top competitors
Best For
Mid-sized state and local governments needing reliable GASB 96 compliance with ERP integration.
Pricing
Custom subscription pricing starting at around $10,000 annually, scaled by asset volume and users.
Tyler Technologies
enterpriseOffers government ERP solutions like MUNIS with integrated GASB 96 SBITA accounting and asset management features.
Seamless integration with Tyler's full government software suite for unified SBITA management within broader financial operations
Tyler Technologies offers enterprise resource planning (ERP) software through its Tyler Munis platform, which includes specialized modules for GASB 96 compliance in managing Subscription-Based Information Technology Arrangements (SBITAs). The solution automates the identification, measurement, and reporting of subscription assets, liabilities, amortization, and interest for governmental financial statements. It integrates seamlessly with Tyler's broader financial management suite, enabling comprehensive accounting and reporting for public sector entities.
Pros
- Deep integration with Tyler's government ERP ecosystem for end-to-end financial workflows
- Robust GASB 96 compliance tools including automated asset/liability tracking and audit-ready reporting
- Scalable for mid-to-large municipalities with strong data security and support
Cons
- Complex setup and customization requiring significant implementation time
- Higher pricing suited more for larger budgets, less ideal for small governments
- User interface feels dated compared to modern SaaS-native GASB 96 tools
Best For
Mid-to-large government entities seeking an integrated ERP solution with reliable GASB 96 functionality.
Pricing
Subscription-based enterprise pricing starting at $50,000+ annually, with custom quotes based on modules and user count.
Springbrook Software
enterpriseCloud ERP for local governments featuring GASB 96 compliance tools for SBITA tracking and general ledger integration.
Fully embedded GASB 96 module that syncs SBITA data directly with core fund accounting for automated compliance without silos.
Springbrook Software provides a cloud-based ERP platform designed for local governments, featuring specialized GASB 96 compliance tools for managing Subscription-Based Information Technology Arrangements (SBITAs). It automates the calculation and tracking of right-of-use subscription assets, liabilities, amortization, and interest expenses, while generating necessary financial disclosures and reports. Integrated with fund accounting, utility billing, and other governmental modules, it ensures seamless compliance within broader financial operations.
Pros
- Deep integration with governmental ERP modules for holistic financial management
- Robust GASB 96 automation including asset/liability tracking and reporting
- Cloud deployment with strong data security and scalability
Cons
- Steep learning curve for non-expert users
- Custom pricing can be expensive for smaller municipalities
- Limited flexibility in custom reporting without add-ons
Best For
Mid-sized local governments needing integrated ERP with reliable GASB 96 compliance.
Pricing
Quote-based pricing, typically $10,000–$50,000 annually depending on modules, users, and deployment scale.
Black Mountain Software
specializedFund accounting software for governments with GASB 96 SBITA modules for subscription expense recognition and reporting.
Deep integration of GASB 96 calculations directly into fund accounting for automated balance sheet impacts
Black Mountain Software's Infinite Visions ERP platform provides robust financial management tools tailored for local governments, including specialized support for GASB 96 compliance through subscription asset and liability tracking. It automates the recognition of right-of-use assets, amortization schedules, and interest expenses for SBITAs, integrating seamlessly with core governmental accounting modules. The solution offers customizable reporting and audit trails to ensure transparent disclosure of subscription-based IT arrangements.
Pros
- Strong integration with existing ERP financials for streamlined GASB 96 workflows
- Comprehensive reporting and compliance tools for audits
- Scalable for small to mid-sized municipalities
Cons
- Steeper learning curve for non-ERP users
- Limited advanced analytics compared to top cloud-native competitors
- Primarily on-premise deployment may require IT resources
Best For
Mid-sized local governments seeking an integrated ERP solution with reliable GASB 96 accounting capabilities.
Pricing
Custom pricing based on modules and users; typically starts at $50,000+ annually for full ERP with GASB 96 features—contact for quote.
BS&A Software
enterpriseMunicipal software suite including financial tools compliant with GASB 96 for SBITA accounting and audits.
Seamless integration of GASB 96 SBITA accounting directly into core governmental fund accounting and budgeting workflows.
BS&A Software offers a comprehensive cloud-based ERP platform tailored for local governments, handling financial management, assessments, taxation, and reporting. For GASB 96 compliance, it supports subscription-based IT arrangement (SBITA) accounting by tracking subscription assets, liabilities, amortization, and interest expenses within its general ledger. The solution integrates seamlessly with other modules to streamline governmental financial reporting and ensure audit-ready compliance.
Pros
- Deep integration with governmental ERP functions like fund accounting and budgeting
- Strong focus on GASB compliance including automated SBITA calculations and reporting
- Cloud-based accessibility with robust security for public sector needs
Cons
- Less specialized in SBITA compared to dedicated lease accounting tools
- Custom pricing can be opaque and higher for smaller entities
- Steeper learning curve due to broad feature set
Best For
Mid-sized local governments seeking an all-in-one ERP with built-in GASB 96 support rather than standalone SBITA software.
Pricing
Custom subscription pricing based on modules, user count, and government size; typically $10,000–$50,000+ annually for full ERP including GASB 96 features.
Caselle
enterpriseGovernment financial management system supporting GASB 96 SBITA accounting, amortization, and disclosure requirements.
Deep integration of GASB 96 SBITA accounting directly into the fund accounting ledger for seamless financial reporting.
Caselle provides an integrated financial management platform designed for local governments, including fund accounting, payroll, utility billing, and compliance tools. Its GASB 96 module supports subscription-based IT arrangements (SBITAs) by automating the recognition of right-to-use subscription assets, liabilities, amortization, and related disclosures. While robust for general governmental accounting, the GASB 96 functionality is embedded within a broader ERP system rather than a standalone solution.
Pros
- Comprehensive integration with core governmental accounting modules
- Reliable GASB 96 compliance for asset/liability tracking and reporting
- Established vendor with strong support for U.S. local governments
Cons
- User interface feels somewhat dated compared to modern SaaS tools
- GASB 96 setup requires significant configuration and training
- Limited advanced analytics or scenario modeling for SBITAs
Best For
Small to mid-sized local governments needing an all-in-one financial ERP with embedded GASB 96 support.
Pricing
Custom subscription pricing, typically $10,000–$50,000 annually based on entity size, modules, and users.
Infor Public Sector
enterprisePublic sector ERP with GASB 96 capabilities for managing IT subscriptions and ensuring compliant financial statements.
Seamless integration of SBITA management into core governmental ERP workflows for end-to-end compliance.
Infor Public Sector is a cloud-based ERP suite tailored for government agencies, providing financial management, asset tracking, and compliance tools. It supports GASB 96 compliance by enabling recognition and reporting of subscription-based IT arrangements (SBITAs) through its integrated accounting and lease management modules. The solution automates asset amortization, liability calculations, and disclosure reporting to meet governmental accounting standards.
Pros
- Comprehensive public sector ERP with native GASB 96 support
- Scalable cloud deployment ideal for SBITA tracking
- Strong integration with other governmental financial processes
Cons
- Steep implementation and customization required
- Higher cost for full suite compared to GASB 96 specialists
- Interface can feel dated despite cloud capabilities
Best For
Mid-to-large government organizations needing an integrated ERP platform with robust GASB 96 compliance.
Pricing
Custom enterprise pricing, often $100K+ annually based on modules, users, and deployment scale.
Workday
enterpriseGovernment cloud financial platform with support for GASB 96 SBITA right-of-use assets and subscription liability tracking.
Unified platform that embeds GASB 96 SBITA management directly into financial close processes with AI-driven insights.
Workday is a comprehensive cloud-based ERP platform specializing in finance, HR, and analytics, with Workday Government Cloud tailored for public sector entities. For GASB 96 compliance, it provides tools to manage Subscription-Based Information Technology Arrangements (SBITAs), including recognition of subscription assets and liabilities, amortization schedules, and disclosure reporting. The solution integrates SBITA accounting seamlessly into broader financial management workflows, supporting governmental accounting standards alongside other GASB requirements.
Pros
- Robust integration with enterprise financials and HR systems
- Scalable for large governments with advanced reporting and analytics
- Strong support for GASB standards including automated SBITA calculations
Cons
- Steep learning curve and lengthy implementation
- High cost unsuitable for smaller entities
- Less specialized for GASB 96 compared to niche tools
Best For
Large government organizations seeking an all-in-one ERP with GASB 96 capabilities integrated into core financial operations.
Pricing
Custom enterprise subscription pricing, typically $100-$200+ per user/month plus implementation fees.
Conclusion
The top tools for GASB 96 compliance, including the reviewed solutions, excel at automating SBITA accounting, reporting, and disclosure—critical for government entities managing subscription-based IT arrangements. Leading the pack is LeaseQuery, a standout choice with robust automation, while Visual Lease and Ascent RegTech provide strong alternatives, each tailored to unique needs like end-to-end lifecycle management or cloud-based accuracy. Together, these options simplify compliance, ensuring accurate financial statements and reduced risk.
Explore LeaseQuery, the top-ranked tool, to start streamlining GASB 96 compliance and enhance your organization’s efficiency in managing subscription liabilities and disclosures.
Tools Reviewed
All tools were independently evaluated for this comparison