To support public, private and government organisations to implement IFRS 16 solutions.

LONDON — 2 October 2019 — LeaseAccelerator, the pioneer in the Enterprise Lease Accounting software market, announced a partnership today with Qiado GmbH to help customers automate their IFRS 16 compliance programmes throughout EMEA. This new partnership underpins the ability of LeaseAccelerator to deploy major European projects, whilst being able to uniquely offer the choice of either in-house SaaS (Software as a Service) solutions, or offsite fully managed solutions, known as Lease Accounting as a Service via Qiado.

Qiado’s consultants form an impressive, multinational team that has supported a large number of European and pan-global organisations in successfully implementing and maintaining IFRS 16 compliance projects in all parts of Europe – from Sweden to Italy, the UK, Poland, France and Finland for Europe’s most esteemed brands. Qiado’s broad European experience is an ideal complement to LeaseAccelerator’s global market leadership position and customer base.

The alliance will assist private, public and governmental organisations with managed services such as:

  • Leasing data extraction – Unlocking the complexity of retrieving relevant lease data from contracts, systems and spreadsheets
  • Process optimisation – Defining streamlined lease accounting and lease management processes
  • Software maintenance – Rapid deployment and maintenance of LeaseAccelerator’s enterprise lease accounting software application
  • Managed services – Day-to-day management of the record-to-report and lease administration functions needed on behalf of corporate accounting organisations

Commenting on the alliance Prof. Dr Andreas Kruger at Qiado said, “The new partnership is the basis for a new suite of lease accounting services that has not been available to European small and medium enterprises. This solution allows organizations to benefit from managed services in combination with the automation functionalities of a market leading lease accounting engine, and all this with a very competitive pricing model.”

Adam Capper, Vice President of EMEA at LeaseAccelerator added,

“We have already seen tremendous demand for Qiado’s unique managed services offering. It leverages all of the lifecycle automation capabilities of LeaseAccelerator and is delivered by an expert team that has already satisfied many of Europe’s largest corporates in implementing IFRS 16, which enables them to deliver a highly differentiated offering at an affordable price.”

About LeaseAccelerator:
LeaseAccelerator offers the market-leading SaaS solution for Enterprise Lease Accounting, enabling compliance with the new ASC 842, IFRS 16 and GASB 87 standards. Using LeaseAccelerator’s proprietary Global Lease Accounting Engine, customers can apply the new standards to all categories of leases including real estate, fleet, IT and other equipment at an asset-level. On average, LeaseAccelerator’s Lease Sourcing and Management applications generate savings on equipment leasing costs through smarter procurement and management. Learn more at: http://www.leaseaccelerator.com/.

About Qiado:
Qiado is a consulting company focused on the support of IFRS related processes with integrated IT solutions, Qiado offers innovative and creative lease accounting solutions based on cutting-edge technology. Qiado’s team boasts an impressive international track record of Lease Accounting Standards implementations across all sectors of industry and with integration into various ERP systems. Learn more at: http://www.qiado.com