lease automation achieved by our clients using LeaseX
reduction in human error and increase in efficiency
compliance with the reporting requirements of IND AS 116 and IND AS 109
Struggling to manage lease administration and accounting across locations? MYNDLeaseX can help. From landlord onboarding to lease creation, Rental Auto calculation, approval, accounting and lease termination, MYNDLeaseX provides one centralised platform to automate key tasks, get real-time insights and maintain perfect compliance. P.S. Landlords love us too!
Benefits
Empowering better decision-making
Internal and external stakeholders on one platform
100% compliance with reporting requirements of IND-AS 116 and IND-AS 109
3x faster invoice processing
Complete transparency and punctuality for lessors.
Efficient lease accounting for reduced compliance violations
Scale fast with seamless property acquisition
Delivering administrative ease to ops teams
Dynamic dashboards for management decisions
The team’s responsiveness and dedication have been instrumental in helping us meet tight timelines and deliver accurate HR reports internally.
The enhanced version of HRX is user-friendly and evolving well with our inputs being heard and addressed. The platform has streamlined our HR operations, improved data accuracy, and enhanced overall efficiency. HRX has brought clarity and structure to our HR processes. We truly value the partnership and look forward to continued success together.
MYNDX has become a reliable foundation for our HR operations, and we’re confident it will continue to support our growth.
Raj VM
Director HR
Nexteer (INTC)
…centralising all employee data in one secure, easily accessed repository and automating leave management that once drained staff time. Even the least tech‑savvy faculty adopted the intuitive interface, and during peak term‑transition workloads the system keeps us on track. Whenever questions arise, MYNDX’s responsive support team steps in with swift answers and extra training.
Vishal Arora
HR Dept
Thapar Institute of Engineering & Technology
I would like to express our sincere appreciation for the MyndX HRIS and the continued support provided by MYND. The platform has brought significant improvements to our HR operations, especially through the Employee Information Portal (EIP), Leave & Attendance, Travel & Expense (T&E), and Separation modules. Each module has added real value — from simplifying employee data access to automating attendance tracking, streamlining travel reimbursements, and managing separation processes with clarity and compliance. What truly sets MYND apart is the responsiveness and professionalism of their team, which has consistently enhanced our experience. We value this partnership and look forward to building on this strong foundation.
Manish Dubey
Head HR
Greenheck India Pvt Ltd
…This is backed up by a great support team who are always on hand to help us with any questions. We’re excited to continue building on this successful collaboration.
Rajiv Singh
CHRO
Avis India (Mercury Car Rental)
Mynd Integrated Solutions has been a trusted partner, streamlining our Vendor Payables and driving accuracy and efficiency across every region. When complex requirements or tight deadlines arise, they meet them head‑on, tailoring solutions that often exceed expectations and evolving their processes alongside our growth. Acting as a seamless extension of our team, they combine reliability with a deep grasp of our objectives. I value this strategic partnership and wish them continued success.
Avijit Sengupta
Vice President – Pivot - Global Shared Services
Tata Consumer Products Limited
…and we haven’t looked back. Its invoice‑recognition tech reads even the messiest vendor bills, while mobile approvals let managers sign off on the move. Month‑end close now finishes in three days instead of two weeks, and the vendor portal slashes payment‑status queries. New hires master the system in a week, thanks to its intuitive design and MYND’s proactive success team. In our digital journey, choosing MYND APX has been a defining win.
Nikhil Poddar
Finance Controller
Chaipoint
Setting the Stage
Step 1: Landlord Onboarding
To begin onboarding, the landlord submits the required documents and information using the invite link received for the self-service portal.
Digital onboarding based on a check from the Government portal for PAN, GSTIN, MSME and Bank details
Details are verified, and onboarding is completed.
The vendor master data is created in the system.
Key features
FAQ
Agreements
Step 2: Lease Agreement Creation and Management
All Lease terms and conditions are entered into the system
From this, critical lease data points are captured
The system can now handle automated rental calculations, security deposits, and escalation causes with minimal intervention
Key features
FAQ
Effortless Invoicing
Step 3: Invoice Management and Processing
The system automatically creates a proforma invoice
Landlords can review the proforma Invoice and submit their final Invoice
Invoice automatically passes through LeaseX’s multi-level approval workflow
Invoice goes through built-in validation checks
Post validation Integration is done for the auto accounting in ERP
Once Payment is done, and payment details and status are updated
Key features
FAQ
Audit Ready, Always!
Step 4: Compliance and Reporting
An audit trail is maintained at every step
GST is applied based on the registration status of the Landlord
Compliance reports are automatically generated on schedule
Key features
FAQ
Loose Ends – Tied.
Step 5: Lease Closure and Settlements
The lease is terminated, and settlement is automatically calculated
Security deposit return/ adjustment is handled through the system
Document closure and archiving is completed
Final compliance reports are made, and stakeholders are notified
Key features
FAQ
MYNDLeaseX offers a sophisticated system that automates complex lease calculations.
MYNDLeaseX’s dynamic calculator offers revenue sharing, multiple landlords, and retrospective changes, eliminating manual calculations and reducing errors in complex scenarios that typically challenge other systems.
MYNDLeaseX’s comprehensive platform allows landlords to manage their information, submit invoices and track payments.
Allowing vendors to take charge of the process significantly reduces administrative overhead and improves landlord satisfaction.
MYNDLeaseX offers automated IND-AS 116 and IND-AS109 compliance reporting with built-in validation.
MYNDLeaseX is empowered to handle complex compliance requirements with minimal manual intervention. The auto-calculation engine covers the Right to Use, Lease Liability, Interest and Rent Expense.
Ensure accurate expense allocation by integrating MYNDSpendX directly with your accounting systems.
You can now access customisable GL code mapping and cost centre allocation rules to power your automated systems.
Configurable approval matrix and adaptable workflows on MYNDLeaseX.
Our flexible workflow enables organisations to maintain approval hierarchies while digitalising the process.
MYNDLeaseX offers a comprehensive approach to a traditionally complex process.
Benefit from end-to-end management of security deposits, including escalation management and automated settlement calculations.
Cost savings on IT infrastructure
Integrations
LeaseX offers seamless integration capabilities with major enterprise systems and platforms. The system provides multiple integration options, including API-based integration and SFTP file transfers, ensuring flexible connectivity with existing business systems. Key integrations include:
SAP (ECC and S/4HANA)
Oracle EBS
Microsoft Dynamics
Tally
Custom ERP systems through API integration
Integration for automated revenue-sharing calculations
Real-time sales data synchronisation
The platform’s integration capabilities ensure smooth data flow between systems while maintaining data integrity and security. Organisations can leverage existing IT investments while adding LeaseX’s powerful lease management capabilities to their technology stack.
Security
LeaseX maintains the highest security and compliance standards in the industry. The platform is built on a secure cloud infrastructure with multiple protection layers, including rest and transit encryption, role-based access control, and regular security audits.
The system is SOC 1 Type 2 compliant and ISO 27001:2013 certified, with ongoing work toward ISO 27701:2019 compliance. Regular VAPT (Vulnerability Assessment and Penetration Testing) and VTRM assessments ensure the platform remains secure against emerging threats.
Have More Questions?
All Your Questions – Answered.
Organisations typically see ROI within 6-12 months, as MYNDLeaseX reduces manual effort, eliminates penalties, and improves compliance. The exact timeline depends on the organisation's size and lease operation complexity.
MYNDLeaseX provides a structured data migration approach with dedicated support teams to ensure accurate historical data transfer. The process includes data validation, cleaning, and verification steps.
MYNDLeaseX offers a customisable approval matrix, customisable workflows, and calculation engines that can be configured to match specific business requirements without requiring extensive development. Further, MYNDLeaseX allows the change of the labels for the modules and field names as per Industry requirements.
Implementation follows a phased approach over 8 weeks, with existing systems running parallel to ensure a smooth transition with no business disruption.
MYNDLeaseX provides comprehensive support, including dedicated account managers, technical support teams, and regular system updates.
The system supports multiple legal entities with separate access while maintaining consolidated reporting capabilities at the group level.
MYNDLeaseX implements multiple security layers that comply with industry standards, including encryption, role-based access control, and regular security audits.
Yes, the system supports multiple currencies and jurisdictions while complying with local regulations.
MYNDLeaseX automates the renewal process with built-in notifications and handles modifications with full audit trails and compliance checks.
The system provides comprehensive reporting, including financial analysis, compliance reports, and customisable dashboards for different stakeholder needs.
The system allows users to upload Sales data using Excel or can integrate with POS systems and other revenue sources to automatically calculate revenue sharing based on actual sales data.
MYNDLeaseX is built on cloud infrastructure that scales automatically with business growth, handling increased transaction volumes without performance degradation.
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