IFRS 16 is designed for finance professionals seeking a robust solution for lease accounting compliance. This software simplifies financial reporting with automated calculations, offers real-time data integration, and ensures adherence to international standards.

What are the main features of IFRS 16?

Automated Lease Accounting

Simplifying the complexity of lease management, IFRS 16 offers automated lease accounting that handles data more efficiently:

• Automatically updates lease modifications and renewals.
• Calculates lease liabilities and right-of-use assets in compliance with regulations.
• Generates accurate financial statements with minimal manual intervention.

Real-Time Data Integration

The software ensures that you are always working with the most current information through real-time data integration:

• Seamlessly integrates with existing ERP and accounting systems.
• Facilitates genuine time data processing to enhance decision-making.
• Enables cross-departmental collaboration with synchronised data across platforms.

Compliance with International Standards

Navigating the intricacies of global compliance is made simpler with adherence to international standards:

• Ensures full compliance with IFRS 16 and other financial regulations.
• Comprehensive audit trails enhance transparency and simplify auditing processes.
• Regular updates to stay abreast of changes in regulations and standards.