LEASE MANAGEMENT &
COMPLIANCE MANAGEMENT
LeaseTracker is a lease management and accounting compliance system tool that will assist you to be compliant with the latest IFRS 16 Lease Requirements.
WHY NOW
WHAT IS IFRS 16?
The new IFRS 16 accounting standard is effective 1 January 2019. The new IFRS 16 requirements eliminate nearly all off balance sheet accounting for lessees. The new standard requires lessees to recognise leases on the statement of financial position which will reflect their right to use an asset for a period of time and the associated liability for rental payments. Tracking leased assets is now a complex and critical function.
CLOUD BASED MANAGEMENT SYSTEM
Lease Tracker takes care of it
Liability amortisation
schedules
Right of use amortisation
schedules
Retrospective adjustments
and journals
Operational lease reporting
WHO NEEDS LEASETRACKER
The LeaseTracker system is ideal for companies with numerous leases who do not want to maintain their asset schedules and accounting entries from volumes of excel spreadsheets.
The LeaseTracker system is suitable for individual companies as well as global groups.
The system generates lease level, company level and group level reports.
The system specifically caters for multiple leases to multiple business units and combinations of owned and leased properties, with various outgoing arrangements.
FEATURES
Features to assist you and make your life easier
01
Reporting and Management
Maintenance and control of master data by system administrators (discount rates). Only authorised users have access to system and data.
Quick and easy reporting tools.
03
Systematic capture and formula
Systematic capture of all leases with completeness checks
System driven formula and calculations
02
Centralised Permissions
System permissions between capturer
and authoriser allowing for segregation of duties.
Lease information is centralised in one place.
04
Easy to Manage Leases
IRR or IBR Multi-asset addition. Regular and variable rental payments. Payments at beginning of lease or end of lease.
Re-measure leases
06
Cloud Based
The LeaseTracker system is a cloud based
system which is easy to access and navigate.
Assets are geo tagged on maps feature
05
Document Storage and Audit Trails
Electronic lease copies stored and referenced in cloud based system. Each lease created is issued a unique sequential reference number.
Track user activity and system changes
KEY ACCOUNTING INFO
LeaseTracker gives you a snap shot overview to enable you to make real-time decisions
IFRS 16 accounting report showing asset, liability, rentals and amortisation schedules
IFRS 16 retrospective journals
IFRS 16 journals per month/per year
IFRS 16 vs IAS 17 comparison reports for historical lookback and future planning
OPERATIONAL REPORTS
System driven call to actions
Receive system flags / Notifications that
lease requires renewal or termination
Quick lease summary reports to make
quick and effective decisions
BOOK A DEMO NOW
BENEFITS OF USING LEASETRACKER
1
Use LeaseTracker for multiple leases, where central control is necessary.
2
Full systematic calculations of IFRS 16 and IAS 17 requirements.
3
No more isolated spreadsheets, no more permission issues, no more version control uncertainty.
4
Get IFRS and IAS right first time, every time with minimal challenges.
5
Manage large portfolios and groups simply and with easy exportable reporting.