Software
The new IFRS 16 accounting standard is effective 1 January 2019 and will affect all companies which lease assets. These leases will be required to be capitalised under the new accounting standard, changing the way your company calculates and accounts for asset leases.
Cloud-based, Systematic & Centralised
Upload your lease data with ease. Ensure all your critical lease
information is centralised in one place.
- Fixed and variable rentals.
- Reporting using IRR or IBR.
- All lease documents in centralised paperless cloud based environment.
- Geo tag and map all your assets.
- Receive system notifications and flags on upcoming lease renewals.
- Have all lease information at hand to make quick and efficient financial, operational and legal decisions.
Lease Remeasurements
& Modifications
Let the system calculate all your lease amendments
- Renewals
- Covid 19 rental abatements and forgiveness
- Terminations
- Purchase price & residual guarantee changes
- Change in rental payments
- Change in asset size
Financial Reports & journals
Financial reports at a click of a button
- Statement of financial position and profit and loss
- Financial statement disclosures
- Future rentals
- Accounting journals
- Retrospective adjustment journals
- Operational reports
Right of use depreciation & liability amortisation schedules
System generated schedules that will determine the financial reporting output