{"id":2,"date":"2020-10-29T10:22:09","date_gmt":"2020-10-29T10:22:09","guid":{"rendered":"https:\/\/c2test.techfinium.com\/?page_id=2"},"modified":"2021-05-12T12:52:11","modified_gmt":"2021-05-12T12:52:11","slug":"sample-page","status":"publish","type":"page","link":"https:\/\/uat.leasetracker.co.za\/","title":{"rendered":"Overview"},"content":{"rendered":"

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LEASE MANAGEMENT &<\/strong><\/span>
\nCOMPLIANCE MANAGEMENT<\/strong><\/span><\/h1>\n

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LeaseTracker<\/strong>\u00a0is a lease management and accounting compliance system tool that will assist you to be compliant with the latest IFRS 16 Lease Requirements.<\/span><\/h3>\n

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WHY NOW<\/strong><\/span><\/h1>\n

WHAT IS IFRS 16?<\/strong><\/span><\/h1>\n

 <\/p>\n

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.<\/span><\/p>\n

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CLOUD BASED MANAGEMENT SYSTEM<\/strong><\/span><\/h1>\n

Lease Tracker takes care of it<\/span><\/h2>\n

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Liability amortisation
\nschedules <\/b><\/span><\/p>\n

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Right of use amortisation
\nschedules<\/b><\/span><\/p>\n

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Retrospective adjustments
\nand journals<\/b><\/span><\/p>\n

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Operational lease reporting<\/b><\/span><\/p>\n

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WHO NEEDS LEASETRACKER<\/strong><\/span><\/h1>\n

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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.<\/span><\/strong><\/p>\n

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The LeaseTracker system is suitable for individual companies as well as global groups.<\/span><\/strong><\/p>\n

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The system generates lease level, company level and group level reports.
\n<\/span><\/strong><\/p>\n

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The system specifically caters for multiple leases to multiple business units and combinations of owned and leased properties, with various outgoing arrangements.<\/span><\/strong><\/p>\n

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FEATURES<\/h1>\n

Features to assist you and make your life easier<\/h2>\n

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01<\/span><\/h1>\n

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Reporting and Management<\/h3>\n

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Maintenance and control of master data by system administrators (discount rates). Only authorised users have access to system and data.<\/h3>\n

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Quick and easy reporting tools.<\/h3>\n

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03<\/span><\/h1>\n

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Systematic capture and formula<\/h3>\n

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Systematic capture of all leases with completeness checks<\/h3>\n

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System driven formula and calculations<\/h3>\n

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02<\/span><\/h1>\n

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Centralised Permissions<\/h3>\n

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System permissions between capturer
\nand authoriser allowing for segregation of duties.<\/h3>\n

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Lease information is centralised in one place.<\/h3>\n

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04<\/span><\/h1>\n

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Easy to Manage Leases<\/h3>\n

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IRR or IBR Multi-asset addition. Regular and variable rental payments. Payments at beginning of lease or end of lease.<\/h3>\n

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Re-measure leases<\/h3>\n

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06<\/span><\/h1>\n

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Cloud Based<\/h3>\n

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The LeaseTracker system is a cloud based
\nsystem which is easy to access and navigate.<\/h3>\n

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Assets are geo tagged on maps feature<\/h3>\n

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05<\/span><\/h1>\n

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Document Storage and Audit Trails<\/h3>\n

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Electronic lease copies stored and referenced in cloud based system. Each lease created is issued a unique sequential reference number.<\/h3>\n

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Track user activity and system changes<\/h3>\n

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KEY ACCOUNTING INFO<\/h1>\n

LeaseTracker gives you a snap shot overview to enable you to make real-time decisions<\/h2>\n

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IFRS 16 accounting report showing asset, liability, rentals and amortisation schedules<\/span><\/strong><\/p>\n

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IFRS 16 retrospective journals
\n<\/span><\/strong><\/p>\n

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IFRS 16 journals per month\/per year
\n<\/span><\/strong><\/p>\n

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IFRS 16 vs IAS 17 comparison reports for historical lookback and future planning <\/span><\/strong><\/p>\n

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OPERATIONAL<\/span> REPORTS<\/span><\/strong><\/h2>\n

System driven call to actions<\/strong><\/span><\/h3>\n

Receive system flags \/ Notifications that <\/strong><\/span>
\nlease requires renewal or termination<\/strong><\/span><\/h3>\n

Quick lease summary reports to make<\/strong><\/span>
\nquick and effective decisions<\/strong><\/span><\/h3>\n

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BOOK A DEMO NOW<\/strong><\/h2>\n