Find embedded leases hiding in your vendor contracts
Every morning, WebRun reviews your contract intake log in Google Sheets for any newly uploaded vendor or service agreements, reads each for embedded lease indicators such as identified assets and control rights, flags potential embedded leases, logs the findings in Google Sheets, and alerts your lease accounting team in Slack so they can conduct a formal ASC 842 assessment in FinQuery.
- No credit card
- Under $0.01 per run
- Cancel anytime
How do I automatically identify embedded leases in vendor contracts for ASC 842?
WebRun reviews your new vendor and service contracts each morning, scans each for ASC 842 embedded lease indicators such as an identified asset and control rights, scores the probability, cross-checks FinQuery so there are no duplicates, and flags potential embedded leases to your lease accounting team in Slack for formal assessment.
- Potential embedded leases surfaced at contract intake, not at audit time
- Duplicate review eliminated by cross-checking the FinQuery portfolio
- Responsible reviewer tagged per flag for fast follow-through
Built for lease accountants · procurement teams · internal audit teams · corporate controllers
What does WebRun do on every run?
The exact actions WebRun takes, in order - in plain language, so you can adjust anything.
-
WebRun signs in and gets to work
Opens
app.finquery.comin a real browser with your saved login - no setup, no API keys. -
1
Google Sheets - review new contract intake log
google.com How to Automate Google Sheets
WebRun opens Google Sheets to review new contract intake log. - Open the contract intake log in Google Sheets
- Identify any vendor or service agreements added since the last run
- For each new contract, check for embedded lease indicators: named asset, right to direct use, substantially all economic benefits
- Score each contract low, medium, or high probability of containing an embedded lease
Done when All new contracts are reviewed and scored for embedded lease probability.
-
2
FinQuery - check existing portfolio for duplicates
finquery.com How to Automate FinQuery
WebRun opens FinQuery to check existing portfolio for duplicates. - Open FinQuery and search the portfolio for any asset or vendor matching the flagged contracts
- Confirm the asset is not already captured in the lease portfolio
- Note the lease accounting team contact for the asset category
Done when Any medium or high probability contracts not already in FinQuery are confirmed as needing assessment.
-
3
Slack - flag potential embedded leases for review
slack.com How to Automate Slack
WebRun opens Slack to flag potential embedded leases for review. - Post a daily flag list to the lease-accounting channel with each contract, its probability score, and the asset type
- Tag the responsible reviewer for each flagged contract
- Note any contracts already in FinQuery so no duplicate review is needed
Done when The lease accounting team has a same-day flag list with contracts needing formal ASC 842 assessment.
How is each run configured?
Secure by default
Connect once, stays signed in
WebRun signs in once and keeps each session in a persistent environment, so every run picks up right where it left off.
Every action is checked against this policy before it runs.
Questions, answered
Will it add any contract to FinQuery as a lease automatically?
No. WebRun flags contracts for your lease accounting team to assess. Only your accountants make the formal determination and add a lease to FinQuery after reviewing the agreement.
What signals does it look for to identify an embedded lease?
It checks for an identified physical asset, the right to obtain substantially all of the asset's economic benefits, and the right to direct use of the asset during the contract term, the three-part test under ASC 842.
Can it handle contracts not in English?
Currently it works most reliably with English-language contracts. Contracts in other languages can be flagged for manual review rather than auto-scored if you prefer.
Related templates
Put this on autopilot.
Turn it on in minutes - or have our team set it up for you.