SOME OF OUR CLIENTS
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.
What some of our 2,700 customers say
We started using Complete Control to get better control over suppliers and active contracts. The tool has played an important role in the savings we achieved, NOK 100 million in 2021 and NOK 120 million in 2022.
-Roy Torheim, Procurement & Operations Director
Contract management software is simply a prerequisite to gain the necessary overview, and it helps us classify contracts according to risk.
-David José Kouyoumdjian, Internal Audit Manager
With almost 400 leases we need a tool we can trust. The risk of error is much lower when you can trust a dedicated software.
-Regine Vik, Chief Group Controller
This is a solution that works for us, that makes us better. The more we use Complete Control, the greater user value we realize.
-Thorn Hemsen, Managing Director
COLLECT & CENTRALIZE LEASE DATA
Avoid searching through long and elaborate contracts, and gather lease contracts and data in one place. With contract data organized in a secure cloud 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
AVOID TIME-CONSUMING (AND ERROR-PRONE) SPREADSHEETS
Activate our IFRS 16 software 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
Our one-of-a-kind IFRS 16 software assists companies in complying with IFRS 16 requirements and 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.
“With almost 400 leases we need a tool we can trust. The risk of error is much lower when you can trust a dedicated software.”
“Since we have so many leases we are pretty much dependent on using software for IFRS 16 reporting. House of Control’s solution is easy to use, with a lot of helpful user guides available in the solution.
And whenever we need more help, it is only a phone call away.”
Regine Vik, Chief Group Controller
IFRS 16 GUIDE
IFRS 16 lease accounting can be challenging for the finance team. Here is an IFRS 16 guide on what you need to know about the standard regarding keywords like financial and operational leases, right of use, depreciation and discount rate, and EBITDA.