DOWNLOAD OUR FREE PDF COMPARISON "EXCEL VS. LEASE ACCOUNTING SOFTWARE."

Managing IFRS 16 lease accounting and curious to know what tool is more suitable for complying with the accounting standard?

We did a full comparison of Excel and our lease accounting software to see what's more suitable for the job. 

Excel vis Lease accounting software

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in this PDF COMPARISON we provide you with a head to head comparison of excel vs. lease accoutning software for IFRS 16 compliance

 

What are the strengths and weaknesses of spreadsheets compared to specialized software for lease accounting? We have evaluated both solutions head to head across 16 different aspects of the process to comply with IFRS 16 requirements.

We have evaluated the following aspects:

 

  • Familiarity and accessibility
  • Usability
  • Support and training 
  • Compliance 
  • Ongoing lease management 
  • Decentralized knowledge
  • Reporting and analytics 
  • The four IFRS 16 reports
  • Auditing 

 

 

  • Lease contract archive
  • Scalability
  • Efficiency
  • Use of time
  • Data integrity and security 
  • Cost 
  • Dependency 
  • Inheriting the role
  • Regularity updates
  • Contract Management