Lease Accounting (IFRS 16) – Accelerate the financial reporting of leases

Transform financial reporting for lease accounting for IFRS 16 or AFS 842

An efficient and compliant IFRS 16 solution

IFRS 16 brought in new requirements for reporting with CCH Tagetik we have helped our clients to take this opportunity to review and optimise the reporting at group level but also look at the consolidated data at granular level.

Aggregate leasing data from various disintegrated systems

Aggregate leasing data from various disintegrated systems

Make IFRS 16 compliance easy and at the same time establish best financial consolidation and reporting practices

Make IFRS 16 compliance easy and at the same time establish best financial consolidation and reporting practices

There isn’t a one size fits all for lease accounting but Tagetik is customizable to automate your processes

There isn’t a one size fits all for lease accounting but Tagetik is customizable to automate your processes

45% of businesses in the UK either do not believe their companies are fully prepared to adapt their financial strategies to the proposed IFRS 16 changes (34%), or simply don’t know if they are prepared (11%).

CORE VALUES

Meet the new lease accounting solution for IFRS16 compliance

CCH Tagetik offers a ready to use solution that has been built by finance for finance teams. If you are still not ready for IFRS 16 or feel there are gaps, you can be up and ready in few easy steps. CCH Tagetik lease accounting module has prebuilt starter kit that can create a centralised repository of lease information and data related to all leased assets such as fleet, equipment, real estate properties and more.

Easily Integrated

Easily Integrated

Easy integration with any lease management software

Fast set up and posting

Fast set up and posting

Get compliant and have a quick return on investment.

Full auditability and reporting

Full auditability and reporting

Single version of truth which makes it possible to accurately report for IFRS 16, ASC or any other regulatory reporting requirements.

Lease accounting made easy

Lease accounting made easy

Intuitive dashboards to monitor complete repository of any asset class such as real estate, vehicles etc and bring together the lessor, Lessee and other parties.

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Read out thought leadership blogs on Financial planning, consolidation and reporting.

IFRS 16 – Easy Steps to Implementation

IFRS 16 – Easy Steps to Implementation

The road to IFRS 16 implementation is long and complex. Almost all companies that use leases will need to change their reporting system to become compliant with the new standard. We have compiled these easy steps for implementation of a IFRS 16 reporting system. While many companies have started upgrading their systems and processes there […]

Successful IFRS 16 projects – The Devil is in the data

Successful IFRS 16 projects – The Devil is in the data

If you are reading this then you are probably aware of the new Lease Accounting Standard which came into effect on the 1st January 2019. Before I share my experiences to date I should probably qualify my experience – I have been working on several implementation projects over the last 6 months from huge global […]

IT’s not too late – Take Action NOW!

IT’s not too late – Take Action NOW!

IFRS 16 rules require that all material operating leases to be reported on the balance sheet from 1 January 2019 but according to a report from KPMG, only 3% of global companies have fully completed their lease accounting compliance projects. IFRS 16: It’s time to take action! The new standard requires that balance sheets reflect […]

Just some of the reasons to consider Lease Accounting IFRS 16 & ASC 842 software solution:

  • Quickly assess the impact of different transition approaches within days
  • Create a single repository for all lease data (IFRS16 and non-IFRS16) in the cloud
  • Automate the lease updates from source systems
  • Have better operational management of your leases
    Forecast and simulate future lease vs non lease decision
    Be up and running in weeks

 

Book an audit of your lease accounting practices and IFRS 16 compliance before paying a heavy non-compliance penalty.

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