IFRS 16 LEASE ACCOUNTING SOFTWARE

Make IFRS 16 compliance easy and efficient - and improve your complete contract management process.

Overview of your leases - IFRS 16

HANDLE COMPLEX CHALLENGES

The IFRS 16 standard has a significant impact on business processes, systems and controls. The standard is tricky to navigate and finance teams must address complex questions in order to comply. 

  • What is the correct way to recognize lease liabilities and right-of-use assets?
  • How can you continuously keep track of outstanding lease payments?
  • What is the proper depreciation, interest and exemptions?

Instead of fighting with hundreds of details, our proven technology eliminates manual routines, saves time and reduces the risk of non-compliance to provide better financial control.

 

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COLLECT & CENTRALIZE LEASE DATA

Avoid searching through long and elaborate contracts, and gather lease data in one place.  With contract data organized in a secure digital environment, the information you need is always on hand:

  • well-organized data for easy retrieval
  • secure and structured database
  • access-controlled user rights
  • facilitates collaboration with contract managers & auditors

 

FRS16 leases and contracts - House of Control
Detailed calculation of IFRS 16 leases

AVOID TIME-CONSUMING (AND ERROR-PRONE) SPREADSHEETS

Activate our IFRS 16 solution to simplify how you account for leases and generate accurate figures.

  • enjoy automatically generated figures
  • apply correct adjustments and treatments
  • automatically adjust figures for price index changes (CPI)
  • account for extension options and modifications

SIMPLIFY IFRS 16 REPORTING

 

This one-of-a-kind IFRS 16 solution automatically generates a wide range of reports and makes figures ready for export or audit. Simply choose which periods to include, which subsidiary and whether you want to make monthly, quarterly or yearly estimates. If that isn't enough, you can build custom reports to suit your need.

Simple IFRS 16 reporting
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qoutes

"Quarterly reporting makes it even more demanding - if not impossible - to use spreadsheets for IFRS 16. It is also difficult to detect errors and correct them afterwards."

"With House of Control, what used to be difficult, stressful and indeed time-consuming became much easier."

"The only way to handle leases for a listed company."

Brad Neve, Head of Group Accounting

IFRS 16-contact

TALK WITH OUR EXPERTS

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ADDITIONAL RESOURCES

10 reasons Why IFRS 16 Software can coexist with your ERP system 2

Why IFRS and ERP?

There are at least 10 good reasons why IFRS 16 management is better solved with a specialized lease accounting software. This will make your ERP system work even better.

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The real problems of using spreadsheets for IFRS 16 reporting contracts

9 different shortcomings of spreadsheets when complying with IFRS 16.

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8 key IFRS 16 questions you need to answer 

Have you resolved the theoretical, practical and commercial challenges involved in IFRS 16?

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