IFRS 16 Software
Make your IFRS 16 lease accounting program a long term success with automation and governance.
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LEASE ACCOUNTING 2.0
Are you ready for Lease Accounting 2.0?
Digitize your leasing program and integrate it into a reliable and accurate global close process.
For many firms, compliance initially appeared to simply be a question of applying known calculations, judgements, and policies against the data in their lease portfolio. What these organizations are now finding is that maintaining the completeness and accuracy of this data moving forward is an extremely complex process of considerable scale that requires business process changes. Only through the application of advanced technology can this challenge be overcome.
Introducing Lease Accounting 2.0 by LeaseAccelerator.
Automate your record-to-report process with both lease administration and lease accounting.
Most IFRS 16 Software applications are designed purely for accounting. But you cannot achieve accurate financial reporting without proper lease administration capabilities as well. Accurate and complete accounting requires an automated approach to tracking your lease portfolio as new leases are signed, variable rents are updated, contracts are modified, and end-of-lease decisions are made.
Changes, modifications, and reassessments
Track changes to leases throughout their lifecycle:
- Contractual changes
- Pricing changes
- Location changes
- Cost center changes
Governance, policies, and controls for external audit
Centralized repository provides a single source for:
- Documents and data
- Judgments and policy elections
- “Who, what, and when” reporting
Automate record-to-report
Integrate lease accounting with financial systems to automatically capture:
- New lease commencement
- Mid-term changes
- End-of-term decisions
- Month-to-month auto-renewals
Management and cost accounting
Automate treasury, financial planning, and analysis functions:
- Profitability and lease performance
- Cost center tracking
- Property taxes and insurance
- Forecasting, budgeting, and planning
PARTNERS
Managed services for lease accounting.
Our certified partners can help make your IFRS 16 program a scalable, long-term success.
IT Application Management
For IFRS 16 Software:
- Software upgrades and regression testing
- Master data updates
- ERP, GL, and AP integration
- End-user support
Lease Administration
Tracking Changes to the Portfolio:
- New leases
- Rent changes
- Contract modifications
- End-of-term decisions
Lease Accounting
Support for Record-to-Report:
- Applying IFRS 16 accounting
- Monthly close and disclosure reporting
- Exceptions and reconciliations
See a Live Demo of Our IFRS 16 Software
Learn how LeaseAccelerator can help you scale your IFRS 16 program with automation and governance.
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