IFRS 16 Lease Accounting Software
Automate Your Record-to-Report Process and Simplify Your Monthly Close with our IFRS 16 Lease Accounting Software.
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THE NEXT PHASE OF IFRS 16
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, adoption of IFRS 16 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.
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Automate your 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 centre 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
- Rent and contract changes
- End-of-lease decisions
- Month-to-month auto-renewals
Management and Cost Accounting
Automate treasury, financial planning, and analysis functions:
- Profitability and lease performance
- Cost centre tracking
- Property taxes and insurance
- Forecasting, budgeting, and planning
Download our IFRS 16 Handbook:
Comprehensive Guide to IFRS 16 Compliance »
PARTNERS
Managed Services for Lease Accounting.
Our certified partners can help make your IFRS 16 program a scalable, long-term success.
Implementation and Support
For IFRS 16 Software:
- Software configuration
- Data collection and upload
- User administration and privileges
- Troubleshooting and problem resolution
Lease Administration
Tracking Changes to the Portfolio:
- New lease arrangements
- 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.
Want to Learn More About Best Practices for IFRS 16?
Download Lease Accounting White Papers and Guides
IFRS 16 Lease Accounting Handbook
The IFRS 16 Lease Accounting Handbook covers an 8-step process to achieve compliance with the new standards as well as best practices for driving savings.
Download now »
Asset-Level Lease Accounting White Paper
Learn how to account for leases at the asset level and why asset-level lease accounting is required by the new lease accounting standards to achieve and maintain compliance.
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Enterprise Lease Accounting Brochure
Learn about LeaseAccelerator’s software features, including its lease accounting engine and subledger for the new and old IFRS and US GAAP standards.
